510-368-1455
1936 University Ave, Berkeley, CA for Sale
Office - FOR SALE
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1936 University Ave
Berkeley, CA 94704


HIGHLIGHTS

  • Boutique 3-Story Multi-Tenant Office Building with 2-Level Below-Grade Secured 120-Stall Parking Garage & 2-Sides of Frontage
  • 79% Leased Asset Providing Substantial Cash Flow to an Owner-User, & Leasing Upside to an Investor or Developer
  • Upcoming ±10K Sq. Ft. Vacancy on the 2nd Floor Provides Prime Opportunity for Partial Owner-User to Own & Occupy High-Quality Office Space
  • Functional Suite Layouts Ideal for Berkeley’s Private Tenant Base, & Desirable Building Amenities: On-Site Secure Parking, Landscaped Inner Courtyards
  • One of the Few ‘Off-Campus’ Berkeley Buildings Which Satisfies Challenging UC Seismic Occupancy Requirements
  • Fantastic Downtown Berkeley Location Walking Distance to Campus, BART & Flourishing Local Retail & Amenities

OVERVIEW

1936 University is a 3-story multi-tenant office building with ground floor retail and lower-level parking in Downtown Berkeley. The Property ideally has two-sides of frontage along both University Avenue and Addison Street and features a quaint, secured interior walking passage with two landscaped inner courtyards and secured lower-level parking containing +/-120 stalls. Situated in the heart of Downtown Berkeley, the Property is surrounded by a myriad of hip local restaurants and retail and is just a short walk to the UC Berkeley campus and Downtown Berkeley BART station – providing premier immediate access to Bay Area-wide transit. The Property is 79% leased, with 18 of its 22 office suites occupied by a diverse mix of tenants. The Building ideally meets the University of California’s very stringent seismic occupancy requirements, and is one of the select few Downtown Berkeley office assets to do so. The Promenade offers the investment and owner-user communities the opportunity to acquire a cash-flowing, well maintained and ready-to-occupy office, retail and parking building in an incredible Downtown Berkeley location proximate the University and Bay Area-wide transit.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Promenade

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

C-DMU , Berkeley

APN/PARCEL ID

057-2024-010-02

ASK ABOUT THIS PROPERTY

Aileen DolbyColliersMore Info
510-368-1455

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Aileen DolbyColliersMore Info
510-368-1455

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