redevelopment opportunity - LoopNet
INVESTMENT / 6942-6994 & 6998 Village Parkway | DUBLIN, CA REDEVELOPMENT OPPORTUNITY
OFFERING MEMORANDUM
INVESTMENT SUMMARY INVESTMENT OVERVIEW
INVESTMENT HIGHLIGHTS
Below Replacement Cost Functional Real Estate Rare Product in Local Market Redevelopment Opportunities
Colliers International and Lee & Associates, as exclusive advisors, are pleased to present the opportunity to acquire this investment/redevelopment opportunity, located at 69426994 (legally known as 6966) & 6998 Village Parkway in Dublin, California. These well located office/retail buildings total 17,902 square feet. The subject property sits on two parcels totaling 1.1 acres. Located in Dublin, one of California’s fastest growing cities, 6942-6994 & 6998 Village Parkway boast close proximity to both Interstates 580 & 680, BART, and downtown Dublin and its highly regarded retail and hotel amenities.
Positioned in the heart of the San Francisco Bay Area’s Tri-Valley region, 6942-6994 & 6998 Village Parkway benefit from the local, skilled and highly educated labor force, access to some of the most prestigious universities and research centers in the world, and their proximity to well located, executive-laden bedroom communities. Their close proximity to San Francisco, the Silicon Valley, and Oakland further cements the location as a primary commerce hub. The Tri-Valley, comprised of the cities Pleasanton, Dublin, and Livermore, attracts a wide array of the nation’s most innovative firms, ranging from start-ups to mature companies across all industries.
6942-6994 & 6998 VILLAGE PARKWAY | 2
PROPERTY DESCRIPTION PROPERTY OVERVIEW
ADDRESS SQUARE FEET YEAR BUILT LOT SIZE PERCENTAGE LEASED
6966 Village Pkwy., Dublin 17,902 SF* 1971 40,500± SF 100%
ADDRESS SQUARE FEET YEAR BUILT LOT SIZE PERCENTAGE LEASED
6998 Village Pkwy., Dublin 1,110 SF 1971 7,500± SF 100%
*Rentable square foot measurements provided by seller.
PARCEL MAP
6942-6994 & 6998 VILLAGE PARKWAY | 3
AERIAL LOOKING TO EAST
L VIL
AGE
AERIAL LOOKING TO NORTH
Y WA K R PA
AERIAL LOOKING TO WEST
VIL LAG
EP AR
KW AY
AERIAL LOOKING TO SOUTH
AY W K
GE A ILL
R PA
V
6942-6994 & 6998 VILLAGE PARKWAY | 4
SITE PLAN
(16 VILL ,33 AG 6C EP AR AR S KW PE AY R DA Y)
000 (170,
Y) R DA E P CARS
6942-6994 & 6998 VILLAGE PARKWAY | 5
LOCATION MAP
NOVATO CONCORD
80
580
BRENTWOOD BERKELEY
24
BISHOP RANCH & NEW CITY CENTER 300,000± SF
WALNUT CREEK
SAUSALITO OAKLAND SAN FRANCISCO
580
680
82
DUBLIN 880
580 PLEASANTON
LIVERMORE
FREMONT
92
880
SAN MATEO
101
84 PALO ALTO
280 MOUNTAIN VIEW
SAN JOSE
REGIONAL MALL
HACIENDA BUSINESS PARK
Bay Area Rapid Transit (BART) Proposed BART
ACE Rail (continues on to Tracy, Lathrop/Manteca & Stockton)
6942-6994 & 6998 VILLAGE PARKWAY | 6
MARKET OVERVIEW
DUBLIN DEVELOPMENT AERIAL
REDEVELOPMENT SENIOR CARE 80 UNITS
PLANNED RETAIL REDEVELOPMENT 17,000 SF
PLANNED RETAIL REDEVELOPMENT 4,500 SF
SITE
RETAIL REDEVELOPMENT 9,000 SF 313 RESIDENTIAL UNITS & 10,000 SF RETAIL
RESIDENTIAL REDEVELOPMENT 60 UNITS PLANNED RETAIL REDEVELOPMENT 7,000 SF
PLANNED RESIDENTIAL REDEVELOPMENT 499 UNITS
6942-6994 & 6998 VILLAGE PARKWAY | 7
INVESTMENT / 6942-6994 & 6998 Village Parkway | DUBLIN, CA REDEVELOPMENT OPPORTUNITY IAN THOMAS Colliers International Senior Vice President [email protected] +1 925 227 6246 CA License No. 01279455
JESSICA MAUSER Lee & Associates Principal [email protected] +1 925 737 4168 CA License No. 01728720
COLLIERS INTERNATIONAL 3825 Hopyard Road, Suite 195 Pleasanton, CA 94588
OFFERING MEMORANDUM
INVESTMENT SUMMARY INVESTMENT OVERVIEW
INVESTMENT HIGHLIGHTS
Below Replacement Cost Functional Real Estate Rare Product in Local Market Redevelopment Opportunities
Colliers International and Lee & Associates, as exclusive advisors, are pleased to present the opportunity to acquire this investment/redevelopment opportunity, located at 69426994 (legally known as 6966) & 6998 Village Parkway in Dublin, California. These well located office/retail buildings total 17,902 square feet. The subject property sits on two parcels totaling 1.1 acres. Located in Dublin, one of California’s fastest growing cities, 6942-6994 & 6998 Village Parkway boast close proximity to both Interstates 580 & 680, BART, and downtown Dublin and its highly regarded retail and hotel amenities.
Positioned in the heart of the San Francisco Bay Area’s Tri-Valley region, 6942-6994 & 6998 Village Parkway benefit from the local, skilled and highly educated labor force, access to some of the most prestigious universities and research centers in the world, and their proximity to well located, executive-laden bedroom communities. Their close proximity to San Francisco, the Silicon Valley, and Oakland further cements the location as a primary commerce hub. The Tri-Valley, comprised of the cities Pleasanton, Dublin, and Livermore, attracts a wide array of the nation’s most innovative firms, ranging from start-ups to mature companies across all industries.
6942-6994 & 6998 VILLAGE PARKWAY | 2
PROPERTY DESCRIPTION PROPERTY OVERVIEW
ADDRESS SQUARE FEET YEAR BUILT LOT SIZE PERCENTAGE LEASED
6966 Village Pkwy., Dublin 17,902 SF* 1971 40,500± SF 100%
ADDRESS SQUARE FEET YEAR BUILT LOT SIZE PERCENTAGE LEASED
6998 Village Pkwy., Dublin 1,110 SF 1971 7,500± SF 100%
*Rentable square foot measurements provided by seller.
PARCEL MAP
6942-6994 & 6998 VILLAGE PARKWAY | 3
AERIAL LOOKING TO EAST
L VIL
AGE
AERIAL LOOKING TO NORTH
Y WA K R PA
AERIAL LOOKING TO WEST
VIL LAG
EP AR
KW AY
AERIAL LOOKING TO SOUTH
AY W K
GE A ILL
R PA
V
6942-6994 & 6998 VILLAGE PARKWAY | 4
SITE PLAN
(16 VILL ,33 AG 6C EP AR AR S KW PE AY R DA Y)
000 (170,
Y) R DA E P CARS
6942-6994 & 6998 VILLAGE PARKWAY | 5
LOCATION MAP
NOVATO CONCORD
80
580
BRENTWOOD BERKELEY
24
BISHOP RANCH & NEW CITY CENTER 300,000± SF
WALNUT CREEK
SAUSALITO OAKLAND SAN FRANCISCO
580
680
82
DUBLIN 880
580 PLEASANTON
LIVERMORE
FREMONT
92
880
SAN MATEO
101
84 PALO ALTO
280 MOUNTAIN VIEW
SAN JOSE
REGIONAL MALL
HACIENDA BUSINESS PARK
Bay Area Rapid Transit (BART) Proposed BART
ACE Rail (continues on to Tracy, Lathrop/Manteca & Stockton)
6942-6994 & 6998 VILLAGE PARKWAY | 6
MARKET OVERVIEW
DUBLIN DEVELOPMENT AERIAL
REDEVELOPMENT SENIOR CARE 80 UNITS
PLANNED RETAIL REDEVELOPMENT 17,000 SF
PLANNED RETAIL REDEVELOPMENT 4,500 SF
SITE
RETAIL REDEVELOPMENT 9,000 SF 313 RESIDENTIAL UNITS & 10,000 SF RETAIL
RESIDENTIAL REDEVELOPMENT 60 UNITS PLANNED RETAIL REDEVELOPMENT 7,000 SF
PLANNED RESIDENTIAL REDEVELOPMENT 499 UNITS
6942-6994 & 6998 VILLAGE PARKWAY | 7
INVESTMENT / 6942-6994 & 6998 Village Parkway | DUBLIN, CA REDEVELOPMENT OPPORTUNITY IAN THOMAS Colliers International Senior Vice President [email protected] +1 925 227 6246 CA License No. 01279455
JESSICA MAUSER Lee & Associates Principal [email protected] +1 925 737 4168 CA License No. 01728720
COLLIERS INTERNATIONAL 3825 Hopyard Road, Suite 195 Pleasanton, CA 94588
