Lab Space - Profile
Berkeley Innovation and Technology Park
600 Addison St
Berkeley, CA 94710
475000 sq. ft.
JLL, as exclusive advisor, is pleased to present the opportunity to acquire The Berkeley Innovation & Technology Park, an 8.67-acre* potential redevelopment site located in West Berkeley. Immediately adjacent to Berkeley's Aquatic Park and Interstate 80, the Property is a short walk to retail amenities and several new multifamily housing developments. Strategically located in the San Francisco Bay Area, the world's premier technology and life science market, the development site is currently zoned Mixed Use-Light Industrial. Zoning allows for of ce, R&D, life science and light industrial uses, with the opportunity to potentially develop up to 475,000 square feet of space.
The site offers the ability to create a one of a kind, unique campus, with panoramic views of San Francisco and the Golden Gate Bridge, along with immediate access to public transportation, BART and AMTRAK. The Property currently has approximately $1,254,706.00 of in-place Net Operating Income through short term leases in the three existing R&D and warehouse structures and a land lease. This offers users or developers immediate cash ow, while securing entitlements for the redevelopment of the Property.
With the scarcity of developable land in the area, this site represents a once in a generation opportunity for a developer or owner-user to acquire a rare property for the creation of an outstanding of ce or R&D life science campus in the San Francisco Bay Area.
*Exact parcel size and square footage shall be determined by an ALTA Property Survey.