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Shopping Strip

Berkeley Plaza - Value Add

2200 - 2240 Shattuck Ave, Berkeley, CA 94704

Listing Price: $11,500,000

Gross SF
17,715
Rentable SF
17,715
Price/Gross SF
$649.17
Lot Size
0.41 acres
Year Built
1920

Investment Overview

A vibrant city center, Downtown Berkeley is rich in arts, culture, entertainment, food, and drink, and serves as a regional transportation hub. Downtown Berkeley enjoys some of the highest pedestrian volumes in the Bay Area outside San Francisco, with a walk score of 94 and a bike score of 99. The Downtown Berkeley BART station is one of the busiest outside San Francisco. Berkeley lies on the eastern shore of the San Francisco Bay in the northern portion of California’s Alameda County. The city is bordered by Oakland and Emeryville to the south and Albany to the north. Spanning just over 10 square miles, the city is home to approximately 121,000 people.

Investment Highlights

  • Dense Infill with 62,748 Residents Within a One-Mile Radius
  • Berkeley is the Cultural Epicenter of the East Bay, a Sub Region of Two and a Half Million People - the City of Berkeley Sees 1.65 Million Tourists Annually
  • Value-Add Repositioning Opportunity - Significant Upside in Lease-Up of Vacant Space
  • Major Redevelopment Adjacent to the Subject Property - the Space was Recently Acquired by CA Ventures, a Prominent Student Housing Developer, for a New Upscale Student Housing Project
  • Across the Street from the University of California, Berkeley (Over 43,250 Students)
  • Situated in the Heart of Downtown Berkeley - Walk Score of 94 and Bike Score of 99
  • Adjacent to the Downtown Berkeley (BK) BART Station, the 2nd Busiest BART Station Outside San Francisco - 9,408 Average Daily Arrivals (2019) and 8,933 Average Daily Departures (2019)
  • Affluent Trade Area - Average Household Income Exceeds $146,000 Within Three Miles

Exclusively Listed By

Broker of Record

  • David C. Nelson

    Regional Manager

    (510) 379-1200

    License(s) CA: 01716942

    California

Shopping Strip

Berkeley Plaza - Value Add

Listing Price: $11,500,000

Gross SF
17,715
Rentable SF
17,715
Price/Gross SF
$649.17
Lot Size
0.41 acres
Year Built
1920

Investment Highlights

  • Dense Infill with 62,748 Residents Within a One-Mile Radius
  • Berkeley is the Cultural Epicenter of the East Bay, a Sub Region of Two and a Half Million People - the City of Berkeley Sees 1.65 Million Tourists Annually
  • Value-Add Repositioning Opportunity - Significant Upside in Lease-Up of Vacant Space
  • Major Redevelopment Adjacent to the Subject Property - the Space was Recently Acquired by CA Ventures, a Prominent Student Housing Developer, for a New Upscale Student Housing Project
  • Across the Street from the University of California, Berkeley (Over 43,250 Students)
  • Situated in the Heart of Downtown Berkeley - Walk Score of 94 and Bike Score of 99
  • Adjacent to the Downtown Berkeley (BK) BART Station, the 2nd Busiest BART Station Outside San Francisco - 9,408 Average Daily Arrivals (2019) and 8,933 Average Daily Departures (2019)
  • Affluent Trade Area - Average Household Income Exceeds $146,000 Within Three Miles

Investment Overview

A vibrant city center, Downtown Berkeley is rich in arts, culture, entertainment, food, and drink, and serves as a regional transportation hub. Downtown Berkeley enjoys some of the highest pedestrian volumes in the Bay Area outside San Francisco, with a walk score of 94 and a bike score of 99. The Downtown Berkeley BART station is one of the busiest outside San Francisco. Berkeley lies on the eastern shore of the San Francisco Bay in the northern portion of California’s Alameda County. The city is bordered by Oakland and Emeryville to the south and Albany to the north. Spanning just over 10 square miles, the city is home to approximately 121,000 people.

Exclusively Listed By

Broker of Record

  • David C. Nelson

    Regional Manager

    (510) 379-1200

    License(s): CA: 01716942

    California

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