800 Bancroft Way, Berkeley, CA 94710; Office Building for sale; B-1 in Alameda County
800 Bancroft Way, Berkeley, CA 94710; Office Building for sale; B-1 in Alameda County
Property Details | |
---|---|
Price |
$8,500,000
|
Building Size |
21,944 SF
|
Lot Size |
0.40 AC
|
Price/SF |
$387.35 /SF
|
Property Type |
Office
|
Property Sub-type |
Office Building
|
Property Use Type |
Investment
|
Commission Split |
2.50%
|
Cap Rate |
4.60%
|
Occupancy |
100%
|
Building Class |
A
|
Tenancy |
Multiple
|
Status |
Active
|
Property Description
2 elegant newly constructed, connected 2-story buildings join a newly renovated pre-existing two-story commercial building to enclose a landscaped, securable, 31 car parking court with bicycle parking and dedicated loading area. The new buildings were designed to accommodate 9 tenants. The pre-existing building was renovated to accommodate 4 tenants. The larger new building has one tenant; the other has 2 tenants and the older building has 1 tenant. The whole complex could easily be occupied by a single tenant or an owner user. The new buildings share a central elevator, have open floor plans, high ceilings, abundant natural light, and a variety of good views. Ground floor clear ceiling height is 9′ -9′ ‘ to the bottom of the exposed trusses, 2nd floor spaces up to 15′ -5 to the underside of the trusses. The ground floor has a roll-up door on the street, double-doors off the loading and parking area, and two accessible restrooms. The building’ s 2nd floor has 2 suites, each with sky lights, in-suite restrooms with showers, and a deck facing west with views.
Location Description
800 Bancroft Way is on the south-east corner of Fifth Street, in Berkeley’ s balmy banana belt. It is a short walk away from popular restaurants and retail shops and 3 blocks to the I-80 freeway interchange at University Avenue. A regional bus stop and mailboxes are nearby