600-630 BANCROFT WAY For Sale RARE LEASED OFFICE/LABORATORY AND DEVELOPMENT OPPORTUNITY PROPERTY HIGHLIGHTS Ample parking 3 spaces per 1,000 square feet Currently zoned for Mixed-Use/Light-Industrial Central East Bay location Walking distance to the famous Fourth Street Shopping District Multiple transportation services, including Berkeley Amtrak, AC Transit and West Berkeley Shuttle to BART Direct views of the Golden Gate Bridge and the San Francisco Bay Adjacent to Berkeley s 30-acre Aquatic Park Visible from Interstate 80 with easy on-and-off access Just 2 miles from UC Berkeley and Lawrence Berkeley National Labs New housing developments just two blocks away Fifteen minute drive to San Francisco Great development potential Unobstructed bay view no buildable property west of the site LOCATION 600-630 Bancroft Way Berkeley, CA 94710 OFFERED AT $11,500,000 SIZE ±47,675 square feet of office, laboratory and R&D buildings ±128,066 square feet of land (2.94 acres in two parcels) John Norheim BRE#00770171 jn@noryost.com 510-527-3400 x10 Steve Smith BRE#01330154 ss@noryost.com 510-527-3400 x12 All information furnished herein was provided by sources deemed reliable, but no representation is made or implied as to the accuracy thereof.
Property Plan PROPERTY OVERVIEW 600-630 Bancroft Way is situated in the heart of the East Bay along the beautiful West Berkeley Aquatic Park. With direct views of the Golden Gate Bridge, Mt. Tamalpais and the bay itself, this office park presents a quality of life like no other in the Bay Area. The adjacent mile-long Aquatic Park includes a running path around the entire perimeter. From the north end of the park, walkers, runners and cyclists alike have easy access to the Bay Trail and the Berkeley Marina via a pedestrian bridge. Centrally located, the property is just 2 miles from UC Berkeley, three blocks from University Avenue and the Berkeley Amtrak Station, and a short walk to the Fourth Street Shopping District. The surrounding neighborhood is home to hundreds of businesses including architects, engineers, designers, tech start-ups, artisanal food manufacturers, fabricators, furniture makers, lighting designers, wineries, distilleries and much more. The site is comprised of three single-story buildings with a mixture of office, R&D and laboratory tenant spaces plus ample parking. It has been home to the Department of Justice, SEEO, Vista Community College, and UC Regents. It currently houses 11 tenants, among them medical and bio-tech tenants who are developing cancer treatments, providing DNA services to researchers and developing new discovery techniques. ± 12,600 SQ. FT. Building 1 ± 10,825 SQ. FT. Building 2 ± 24,250 SQ. FT. Building 3 128,066SQ. FT. 2.94 acres of land PROPERTY SPECIFICS Extensive office and laboratory improvements ±143 parking spaces 600 & 800 amp services 3 backup generators Lighting upgraded to PG&E energy-efficient standards
PROPERTY DETAILS 600 Bancroft Way AP# 56-1949-7 1.50 acres land ±23,425 sq. ft. building area 620-630 Bancroft Way AP# 56-1949-6-2 1.44 acres land ±24,250 sq. ft. building area Zoned Mixed-Use/Light-Industrial Allowable building height ~45 ft. F.A.R. 2 Building 2, courtyard PROJECTED INCOME & EXPENSES Reflecting 100% occupancy Total Annual Income: Total Projected Expenses: Net Operating Income: Valuation at 6.25% CAP: $1,276,767 - $559,090 $717,677 $11,500,000 Area Demographics (2010 Census) Berkeley Population: 112,580 Median home price: $659,000 Median household income: $59,097 Median age: 33 years Building 1, laboratory More detailed information available upon request with attached non-disclosure. Area-specific information can be found at http://www.ci.berkeley.ca.us/home.aspx Building 1, laboratory
LOCATION AND AMENITIES WEST BERKELEY Zoned for office, R&D, lab and vocational/ technical education facilities. CLOSE TO LOCAL AMENITIES AND NEW DEVELOPMENTS: AC Transit Avalon apartments (94 units) Berkeley Amtrak Fourth & U apartments (170 units) The Aquatic apartments (59 units) West Berkeley Shuttle to BART WITHIN WALKING DISTANCE: Stores Anthropologie Apple California Closets CB2 Crate & Barrel Design Within Reach Ruby Livingdesign Sur La Table Z Gallerie Food Berkeley Bowl West Bette s Oceanview Diner Café Rouge Grocery Outlet The Pasta Shop Peet s Coffee & Tea Sierra Nevada Torpedo Room Spenger s Fresh Fish Grotto Takara Sake Tomate Cafe Vik s Chaat Restaurant Zut! OTHER AMENITIES OF NOTE: Aquatic Park Center (biotech) Bancroft Center (office park) Bayer Pharmaceutical Co. Campus Berkeley Bay Trail Berkeley Rowing Club Playground at Aquatic Park Plexxikon Campus (biomedical) Proposed Ferry Terminal Waterside Café & Workshops
4TH STREET SHOPPING DISTRICT AQUATIC PARK PEDESTRIAN BRIDGE
BERKELEY AMTRAK STATION 4TH ST. SHOPS AQUATIC PARK - ADJACENT TO SITE
CONFIDENTIALITY AGREEMENT PROPERTY: 600 630 Bancroft Way, Berkeley, CA 94710 Norheim & Yost ( N&Y ) has been retained on an exclusive basis by the ( Owner ) with respect to the offering for sale of 600 630 Bancroft Way, Berkeley, CA 94710 the ( Property ). The owner has requested that all inquiries and communications with respect to the contemplated sale of such Property to be directed to N&Y. All fees due N&Y in connection with the sale of the Property shall be paid by the Owner. N&Y has available for review certain information concerning the Property which includes brochures and other materials (collectively Informational Materials ). N&Y will not disclose such Informational Materials to a Potential Purchaser unless and until the Potential Purchaser has executed this Confidentiality Agreement. Upon N&Y s receipt of this executed Agreement N&Y is prepared to provide the Informational Materials for the Potential Purchaser s consideration in connection with the possible purchase of the Property subject to the following conditions. 1. All Informational Materials pertaining to the Property which may be furnished to the Potential Purchaser shall continue to be the property of the Owner and N&Y. The Informational Materials will be used solely for the purpose of the Potential Purchaser and may not be copied or duplicated without N&Y written consent and must be returned to N&Y immediately upon N&Y s request or when negotiations terminate with respect to the Property. 2. The Informational Materials may be disclosed to the Potential Purchaser s partners, employees, legal counsel and institutional lenders ( Related Parties ), for the purpose of evaluating the potential purchase of the Property. Potential Purchaser will (i) inform all Related Parties of the confidential nature of the Informational Materials and the other provisions of this Agreement, (ii) direct all Related Parties to keep all such information in the strictest confidence and to use such information only for the purpose of assisting or advising Potential Purchaser in evaluating the Property, and (iii) be responsible for the failure by any Related Party to maintain the confidence of the Informational Materials or for the breach of this Agreement by any Related Party. Potential Purchaser will take all necessary and appropriate actions to safeguard the Informational Materials from disclosure by it or any Related Part to anyone, except as expressly permitted hereby. 3. The Potential Purchaser understands and acknowledges that N&Y and the Owner do not make any representations or warranties as to the accuracy or completeness of the Informational Materials and that much of the information used in the preparation of the Informational Materials was furnished to N&Y by others and has not been independently verified by the N&Y and is not guaranteed as to its completeness or accuracy. 4. The potential Purchaser hereby indemnifies and holds harmless N&Y and the Owner and their respective affiliates and successors and assigns against and from any loss, liability or expense, including attorney s fees, arising out of any breach of any of the terms of this Agreement. This Agreement will be governed by and construed in accordance with the laws of the State of California. 5. The Potential Purchaser acknowledges that the Property has been offered for sale subject to withdrawal from the market, change in offering price, prior sale or rejection of any offer because of the terms thereof, lack of satisfactory credit references of any Prospective Purchaser, or for any other reason whatsoever, without notice. The Potential Purchaser acknowledges that the Property is being offered without regard to race, creed, sex, religion or national origin. This Agreement terminates one (1) year from the date hereof except as to written claims by Owner against Potential Purchaser prior hereto. 6. To ensure purchasers are not registered through multiple brokerage firms, Purchaser must name the cooperating Broker as his/ her Broker in writing prior to submission of informational materials. A cooperating brokerage commission of 2.00% off the Gross Purchase Price is payable at close of escrow to the broker if and only if the subject property is sold to the prospective Purchaser registered below and N&Y receives the commission as agreed to in the Listing Agreement with Owner. If in agreement with the foregoing, please return one original signed copy of this agreement to N&Y (Attention: John Norheim c/o Norheim & Yost, 732 Addison Street Ste. C, Berkeley, CA 94710) The above is understood and agreed to by all parties. Purchaser: Dated Client Broker: Dated