8000-8100 Jarvis Ave Newark, CA, 94560

8000-8100 Jarvis

Portfolio description

Jones Lang LaSalle Americas, Inc. ("JLL"), as an exclusive advisor is pleased to present the opportunity to acquire 8000 & 8100 Jarvis Ave. (the "Property" or the "Properties"), a two building, 103,395 SF Life Sciences/R&D/Office facility located in Newark, California. Situated on 6.36 acres, the Property is currently 31.4% leased with a remaining weighted average lease term of 1.37 years. Current ownership has invested $14.7 million ($262 PSF) into the 8100 Building readying the entire building for a life science build-out. This comprehensive renovation includes HVAC work and roof upgrades, a complete spec life science build-out on the top floor, and common area improvements, positioning the property as an attractive option for life science and research tenants.

8000-8100 Jarvis presents investors with an opportunity to acquire a property that has received considerable base building and speculative market ready improvements, offering investors multiple business plans to stabilize the Property.

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Attributes

Buildings

Building area net

9,606 sm

Occupancy

31.4%

WALT

1.37 years

Year built

2000

Clear height

4.57 m

Land area gross

2.59 ha

8000-8100 Jarvis (2 Properties)

Media

Investment highlights

R&D / LIFE SCIENCES CONVERSION OPPORTUNITY
RECENT $14.7M ($275 PSF) CAPITAL IMPROVEMENT PROJECT INCLUDING BASE BUILDING, COMMON AREA IMPROVEMENTS AND LIFE SCIENCE BUILDOUT
ESTABLISHED LIFE SCIENCES AND R&D SUBMARKET
CENTRAL LOCATION CREATING SUPERIOR ACCESS TO THE MID-PENINSULA, SILICON VALLEY, AND EAST BAY
EFFICIENT, 6-ACRE SITE WITH POTENTIAL FOR ALTERNATIVE LAND USE