21,000 SF Value-Add R&D/Industrial Portfolio
- Acquired November 2017.
- Two building portfolio consisting of a 2-story office building and 1-story R&D/industrial building with adjacent parking lot. Property was vacant at acquisition.
- With tall freespan warehouse with boardform concrete and clerestory windows, the former McGrath Steel buildings built in 1925 are a great creative industrial solution with close proximity to local amenities, onsite parking and outdoor amenity spaces.
- Subsequently leased in Dec 2018 to tech company Symbio Robotics who is current tenant. Reposition completed including new roofs, PGE power service upgrade, complete mechanical replacement, extensive sitework grading/building demolition, legacy environmental UST cleanup and new mural installed by local artist Guillaume Ollivier.
- Located on prominent corner of Hollis Street in Emeryville with close proximity to adjacent amenities including the Emeryville Greenway bike path, Berkeley Bowl, Rotten City Pizza, Prizefighter Pub and Starbucks.