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The Promenade 1936 University Ave
43,498 SF 77% Leased Office Building Berkeley, CA 94704 For Sale
Investment Highlights
- Boutique 3-Story Multi-Tenant Office Building with 2-Level Below-Grade Secured 120-Stall Parking Garage & 2-Sides of Frontage
- Upcoming ±10K Sq. Ft. Vacancy on the 2nd Floor Provides Prime Opportunity for Partial Owner-User to Own & Occupy High-Quality Office Space
- One of the Few ‘Off-Campus’ Berkeley Buildings Which Satisfies Challenging UC Seismic Occupancy Requirements
- 79% Leased Asset Providing Substantial Cash Flow to an Owner-User, & Leasing Upside to an Investor or Developer
- Functional Suite Layouts Ideal for Berkeley’s Private Tenant Base, & Desirable Building Amenities: On-Site Secure Parking, Landscaped Inner Courtyards
- Fantastic Downtown Berkeley Location Walking Distance to Campus, BART & Flourishing Local Retail & Amenities
Executive Summary
Downtown Berkeley, the Property is surrounded by a myriad of hip local restaurants and retail and is just a short walk to the UC Berkeley campus and Downtown Berkeley BART station – providing premier immediate access to Bay Area-wide transit.
The Property is 79% leased, with 18 of its 22 office suites occupied by a diverse mix of tenants. The Building ideally meets the University of California’s very stringent seismic occupancy requirements, and is one of the select few Downtown Berkeley office assets to do so. The Promenade offers the investment and owner-user communities the opportunity to acquire a cash-flowing, well maintained and ready-to-occupy office, retail and parking building in an incredible Downtown Berkeley location proximate the University and Bay Area-wide transit.
Property Facts
Amenities
- Bio-Tech/ Lab Space
- Fully Carpeted
- Natural Light
- Suspended Ceilings
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Suites Feature Abundant Natural Light & High-End Finishes Building Features Include Beautiful Courtyard Management Located 3 Blocks from BART & UC Berkeley Parking Available in Building Garage
Suites Feature Abundant Natural Light & High-End Finishes Building Features Include Beautiful Courtyard Management Located 3 Blocks from BART & UC Berkeley Parking Available in Building Garage
- 2nd Fl-Ste 200
- 10,344 SF
- Office
- Full Build-Out
- May 2025
Suites Feature Abundant Natural Light & High-End Finishes, Building Features Include Beautiful Courtyard, Management, Located 3 Blocks from BART & UC Berkeley, Parking Available in Building Garage .
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 931 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 105 | 1,978 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 150 | 4,521 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 160 | 572 SF | Office | - | Now |
| 2nd Fl-Ste 200 | 10,344 SF | Office | Full Build-Out | May 2025 |
| 3rd Fl-Ste 355 | 1,917 SF | Office | Full Build-Out | Jun 2025 |
| 3rd Fl-Ste 380 | 1,883 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 931 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 105
| Size |
| 1,978 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 150
| Size |
| 4,521 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 160
| Size |
| 572 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 10,344 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| May 2025 |
3rd Fl-Ste 355
| Size |
| 1,917 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Jun 2025 |
3rd Fl-Ste 380
| Size |
| 1,883 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 100
| Size | 931 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Suites Feature Abundant Natural Light & High-End Finishes Building Features Include Beautiful Courtyard Management Located 3 Blocks from BART & UC Berkeley Parking Available in Building Garage
1st Fl-Ste 105
| Size | 1,978 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Suites Feature Abundant Natural Light & High-End Finishes Building Features Include Beautiful Courtyard Management Located 3 Blocks from BART & UC Berkeley Parking Available in Building Garage
1st Fl-Ste 150
| Size | 4,521 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1st Fl-Ste 160
| Size | 572 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
3rd Fl-Ste 355
| Size | 1,917 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Jun 2025 |
3rd Fl-Ste 380
| Size | 1,883 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Suites Feature Abundant Natural Light & High-End Finishes, Building Features Include Beautiful Courtyard, Management, Located 3 Blocks from BART & UC Berkeley, Parking Available in Building Garage .
PROPERTY TAXES
| Parcel Number | 057-2024-010-02 | Improvements Assessment | £9,847,011 |
| Land Assessment | £2,461,752 | Total Assessment | £12,308,764 |
PROPERTY TAXES
-
Aileen Dolby -
Will Cliff -
Andrew Choumas -
Colliers
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The Promenade | 1936 University Ave
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