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2000 Hearst Ave 10,406 SF 100% Leased Office Building Berkeley, CA 94709 $5,200,000 ($499.71/SF)
Investment Highlights
- Medical-zoned second floor- therapy uses with 3/1000 parking & visitor stalls
- Residential redevelopment play- by-right high density yield study underway
- Meets UC seismic standard- not a soft-story building
- Durable occupancy- 92% average occupancy since 2010; 94.7% leased today
- SiFive technology anchor- full 4th floor leased to SiFive
Executive Summary
Marcus & Millichap is pleased to present the exclusive investment opportunity at 2000 Hearst Avenue in Berkeley, California - a four-story, multi-tenant professional office building situated in one of the East Bay's most dynamic and supply-constrained submarkets. Gut renovated in 2008 with all new windows and building systems throughout, the property offers 10,406 rentable square feet across 16 suites, currently 94.7% leased to a highly creditworthy and diverse mix of technology, life science, medical, legal, and professional services tenants.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
10,406 SF
Building Class
B
Year Built
1961
Price
$5,200,000
Price Per SF
$499.71
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
2,602 SF
Slab To Slab
10’
Building FAR
1.09
Lot Size
0.22 AC
Zoning
R-2A - Restricted Multiple-Family Residential
Parking
27 Spaces (2.59 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Metro/Subway
- Security System
- Kitchen
- Storage Space
- Bicycle Storage
- Natural Light
- Secure Storage
- Shower Facilities
Moderately walkable
60/100
Very drivable
80/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 057-2051-049-00 | Improvements Assessment | $1,819,301 |
| Land Assessment | $1,205,722 | Total Assessment | $3,025,023 |
Property Taxes
Parcel Number
057-2051-049-00
Land Assessment
$1,205,722
Improvements Assessment
$1,819,301
Total Assessment
$3,025,023
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2000 Hearst Ave
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