Pine Grove_Property for Sale
Pine Grove_Property for Sale
4 Orinda Way, Orinda, CA, 94563-2515, US

Pine Grove

Asset Description

 Jones Lang LaSalle Americas, Inc. (“JLL”) has been engaged as the exclusive advisor to extend to qualified investors the rare opportunity to acquire the fee simple interest in Pine Grove Business Center (the “Property”). Located at 4 Orinda Way, the Property is a stabilized five (5) building suburban office campus comprised of 88,058 square feet in the affluent San Francisco suburb of Orinda, California. This is the first time this asset has been brought to market in over 20 years.


Pine Grove Business Center is one of only a handful of existing office projects in Orinda with no future office development planned, resulting in a measurable supply-constraint. The Property has maintained high long-term historic occupancy with a mix of new tenancy and committed long-term tenants. Pine Grove is currently 98% leased with 3.0 years of weighted average term and serves a compelling mix of tenants in financial, legal, medical, biotech, and engineering services.


Pine Grove Business Center presents an investor with the opportunity to acquire a premier suburban office campus situated in an affluent enclave with superior access to transit and amenities and a proven track of record of recruiting and retaining top tier tenants.

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Attributes

Building area gross
8,181 m²
Land area gross
2 ha
Year built
1983
Year renovated
2019
Occupancy
98%
Parking spaces
391
WAULT
3 years

Media

Investment Highlights

  • Exceptionally Maintained Trophy Office Campus
  • Proven Historical Performance Through A Blend Of Long-Term Tenancy & Recent Leasing Activity
  • High Barrier To Entry Market With No New Office Development Planned
  • Orinda Boasts Some Of The Strongest Demographics In California With A Large Executive Population
  • Central Downtown Location With Access To Amenities And All Transit Nodes
  • Large Parcel With Potential Future Redevelopment Upside
  • First Time Coming To Market In 20+ Years
  • 90% Average Historical Occupancy Over The Last 10 Years
Pine Grove 4_Property for Sale

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Pine Grove (0 Properties)

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Last updated
29 Feb 2024