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Office

Highway 61

2039 Shattuck Ave, Berkeley, CA 94704

Listing Price: $8,750,000

Cap Rate
4.52%
Gross SF
20,670
Rentable SF
20,670
Price/Gross SF
$423.32
Lot Size
0.10 acres
Year Built
1907

Investment Overview

Marcus & Millichap is excited to be listing 2037 Shattuck Avenue, a historic 36-unit office building located in the heart of Berkeley. There are four floors of office space above the ground floor restaurants, offering tenants and locals a variety of dining options. The building was constructed in 1907, making it one of this neighborhood’s historic properties. It has a gross rentable area of 20,670 square feet, sitting on a 6,731 square foot lot. The offices may be conjoined or rented individually, offering a wide range of sizes and floor plans. The requirements of virtually any tenant can be met due to this property’s one-of-a-kind flexibility. With a prime location in downtown Berkeley, 2037 Shattuck is located only one block away from the prestigious campus of the University of California Berkeley. The building is centrally located with countless options for dining, shopping, and entertainment all within a short walk. Access to the Bay Area’s public transportation hub is readily available via the Downtown BART station, only two blocks away, affording easy commute options to San Francisco and the outlying regions. Downtown Berkeley enjoys historically low vacancy rates, based on its strong employment fundamentals and robust commercial activity. Properties in this area have historically demonstrated high intrinsic values and excellent investment returns. 2037 Shattuck is impeccably placed within the heart of this thriving community — and this is the first time this building has been put on the market in 40 years.

Investment Highlights

  • Trophy location one block away from UC Berkeley
  • Offers both retail and Commercial space central in downtown Berkeley
  • Seismic retrofit has been completed.
  • Located in a strong renter's market with many new apartment and housing options frequently made available

Exclusively Listed By

Listing Price: $8,750,000

Cap Rate
4.52%
Gross SF
20,670
Rentable SF
20,670
Price/Gross SF
$423.32
Lot Size
0.10 acres
Year Built
1907

Investment Highlights

  • Trophy location one block away from UC Berkeley
  • Offers both retail and Commercial space central in downtown Berkeley
  • Seismic retrofit has been completed.
  • Located in a strong renter's market with many new apartment and housing options frequently made available

Investment Overview

Marcus & Millichap is excited to be listing 2037 Shattuck Avenue, a historic 36-unit office building located in the heart of Berkeley. There are four floors of office space above the ground floor restaurants, offering tenants and locals a variety of dining options. The building was constructed in 1907, making it one of this neighborhood’s historic properties. It has a gross rentable area of 20,670 square feet, sitting on a 6,731 square foot lot. The offices may be conjoined or rented individually, offering a wide range of sizes and floor plans. The requirements of virtually any tenant can be met due to this property’s one-of-a-kind flexibility. With a prime location in downtown Berkeley, 2037 Shattuck is located only one block away from the prestigious campus of the University of California Berkeley. The building is centrally located with countless options for dining, shopping, and entertainment all within a short walk. Access to the Bay Area’s public transportation hub is readily available via the Downtown BART station, only two blocks away, affording easy commute options to San Francisco and the outlying regions. Downtown Berkeley enjoys historically low vacancy rates, based on its strong employment fundamentals and robust commercial activity. Properties in this area have historically demonstrated high intrinsic values and excellent investment returns. 2037 Shattuck is impeccably placed within the heart of this thriving community — and this is the first time this building has been put on the market in 40 years.

Exclusively Listed By

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