0.71 Acre Parcel 5-Blocks from BART 1-Mile from UC Berkeley Adjacent to AC Transit Stop

Transcription

1 MIXED-USE REDEVELOPMENT OPPORTUNITY 3031 TELEGRAPH AVE BERKELEY, CA 0.71 Acre Parcel 5-Blcks frm BART 1-Mile frm UC Berkeley Adjacent t AC Transit Stp Nadav Kariv CA Lic # nadav.kariv@avisnyung.cm Laef Barnes CA Lic # laef.barnes@avisnyung.cm

2 DISCLAIMER The material cntained in this investment ffering is strictly cnfidential and shuld be used nly fr the purpse f cnsidering the purchase f the Prperty described within. This infrmatin shuld nt be distributed t any third party withut the written cnsent f Avisn Yung- Nrthern Califrnia, LTD r wner, r used fr any ther purpse ther than t evaluate the pssible purchase f the Prperty. Neither Avisn Yung- Nrthern Califrnia, LTD r the wner make any representatins r warranties, expressed r implied, as t the accuracy r cmpleteness f the infrmatin cntained herein, and nthing cntained herein is r shall be relied upn as a prmise r representatin as t the future perfrmance f the Prperty. This investment ffering brchure may include infrmatin and estimates by Avisn Yung- Nrthern Califrnia, LTD with respect t the prjected future perfrmance f the Prperty and these assumptins may r may nt be prven t be crrect, and there can be n assurance that such estimates will be achieved. Avisn Yung- Nrthern Califrnia, LTD and the wner disclaim any and all liability fr representatins r warranties, expressed r implied, cntained in r mitted frm this investment ffering, r any ther written r ral cmmunicatin transmitted r made available t the recipient. The recipient shall be entitled t rely slely n thse representatins and warranties that may be made t it in any final, fully executed and delivered real estate purchase and sale agreement between the recipient and wner. The infrmatin cntained herein is subject t change withut ntice and the recipient f these materials shall nt lk t wner r Avisn Yung- Nrthern Califrnia, LTD, nr any f their fficers, agents, emplyees, representatives, independent cntractrs r affiliates, fr the accuracy r cmpleteness theref. Any recipients f this investment ffering brchure are advised and encuraged t cnduct their wn cmprehensive review and analysis f the Prperty. This investment ffering brchure is a slicitatin f interest nly and is nt an ffer t sell the Prperty. The wner reserves the right, at its sle discretin, t reject any r all expressins f interest t purchase the Prperty and expressly reserves the right, at its sle discretin, t terminate negtiatins with any entity, fr any reasn, at any time with r withut ntice. The wner shall have n legal cmmitment r bligatin t any entity reviewing the investment ffering brchure r making an ffer t purchase the Prperty unless and until the wner executes and delivers a signed real estate purchase and sale agreement n terms acceptable t wner, in wner s sle discretin. By submitting an ffer, a prspective purchaser will be deemed t have acknwledged the freging and agreed t release the wner and the Avisn Yung- Nrthern Califrnia, LTD frm any liability with respect theret.

3 EXISTING PROPERTY OVERVIEW ADDRESS 3031 Telegraph Ave, Berkeley, CA APN SITE SIZE RENTABLE AREA EXISTING USE CURRENT OCCUPANCY 75% STORIES 2 YEAR BUILT ,928 sqft 0.71 Acres 23,524 sqft Medical Office Berkeley s Alta Bates Summit Medical Center has lng-prvided a steady demand fr medical ffice space by dctrs and ther healthcarerelated tenants. Hwever, as Sutter transitins their inpatient hspital and emergency departments t their new facility in Oakland, Berkeley s increasing demand fr husing creates a rare pprtunity fr redevelpment Telegraph Avenue s clse prximity t BART, AC Transit, UC Berkeley and Cllege Avenue s numerus restaurants and shps makes it a prime lcatin fr mixed-use redevelpment.

4 DEVELOPMENT POTENTIAL MIXED USE HEIGHT LIMIT COMMERCIAL ONLY HEIGHT LIMIT RESIDENTIAL ONLY HEIGHT LIMIT OTHER USES HEIGHT LIMIT POTENTIAL FAR 50 Ft. 4 Stries 40 Ft. 2 Stries 35 Ft. 3 Stries 40 Ft. 2 Stries 3.0 (Assuming 75% Site Cverage) PARCEL MAP Dwling Pl 185 Ft Acres SITE AERIAL

5 5-Blcks frm Ashby BART AC Transit Stp next t Building 5-Blcks frm Cllege Avenue Restaurants and Shps Direct Access t I-880, I-580, Hwy 24 and Hwy 13 Via Ashby Avenue. 30-Minute Cmmute Time Dr-t- Dr t San Francisc.

6 Berkeley Develpment Stats: 910 Husing Units Cnstructed Since Husing Units Under Cnstructin r with Secured Permits 1,400 Husing Units in 20 Prjects have been submitted fr review UC Berkeley Stats: AC TRANSIT 30,500 Undergraduates 11,300 Graduate Students 73% f all undergraduate students live ff-campus Sales 70% 30% Within a 1-Mile Radius 70% f all Husing is Renter Occupied

7 DEMOGRAPHICS RADIUS 1-MILE 2-MILE 3-MILE 2017 POPULATION 57, , ,256 POPULATIN GROWTH % 7.57% 7.50% AVERAGE HOUSEHOLD INCOME $99,025 $111,832 $108,468 MEDIAN HOUSEHOLD INCOME $67,104 $79,343 $75,542 AVERAGE AGE MEDIAN HOME VALUE $902,210 $855,736 $809,142 MEDIAN YEAR BUILT ,464 Health & Scial Assistant Businesses in a 1-Mile Radius