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.

...

Attributes

Number of buildings

Building area net

103,395 sf

Occupancy

31.4%

WALT

1.37 years

Year built

2000

Clear height

15 ft

Land area gross

6.4 acres

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