Property profile

39899 Balentine Dr Unit 200 200 Newark, CA 94560

FOR LEASE
Office buildings
Property ID
US09-8266781
0.26 ac lot
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This Class A, 10,315 square foot office building in Newark, California, offers a variety of flexible workspace solutions. Located at 39899 Balentine Drive, Suite 200, this property boasts 350 suites, with 5,970 square feet currently vacant. The building underwent renovations in 2019 and features elevators for convenient access. Space is available from a minimum of 10 square feet up to a maximum contiguous space of 1,300 square feet, catering to businesses of all sizes. The property is ideal for executive offices, coworking spaces, and creative office setups, offering a blend of traditional and professional work environments. Situated in Alameda County, with easy access to I-880, this location provides convenient access to the Tri-Cities area and San Francisco (less than an hour away). The surrounding area offers numerous amenities, including shopping malls, fitness centers, and restaurants, creating a vibrant and convenient work environment. The building's multiple tenancy structure allows for diverse business occupancy.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 0.26 ac (11,391 SF)
APN 901-195-1
UPID US09-8266781

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Film Production Television Studio
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Clothing & Fashion Store
  • Structural Engineer Engineering Consultant
  • Insurance Agency

Location

39899 Balentine Dr Unit 200, Unit 200 Newark, CA 94560
Newark metro Census 444602 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2016
7 recorded transactions
2018
Price N/A
2017
Price N/A
2016
Price N/A
2016
$22.0M
2015
Price N/A
2014
Price N/A
2014
$9.0M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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