13505-13525 California Street
Three Building Office Complex + Two Parking Garages for Sale
Marketing description
This Sales Offering Memorandum summarizes the key features of a three-building office complex totaling 241,438 square feet situated on a 17.06-acre lot. The Project, built in 2005, comprises an East Building (113,129 square feet), a Connector Building (15,002 square feet), and a West Building (113,307 square feet), offering a total of 1,044 parking spaces (4.4 spaces per 1,000 square feet).
The Project features high-quality construction (Type 1 construction; metal decking over concrete slab), modern HVAC and electrical systems, and a flat & mansard roof with built-up composition covering. The Project has been maintained in a “pride of ownership” fashion.
The Project benefits from its location in a desirable area with strong local market fundamentals; comparable sales and leasing data provide context for valuation. This summary is for informational purposes only and should not be considered an offer to purchase. All information is subject to verification by prospective buyers. Prospective buyers are advised to conduct their own due diligence and financial analysis.
Investment highlights
- 13505-13525 California Street (“Project”) is offered for sale on an ALL CASH BASIS only
- Buyer Prospects are asked to SUBMIT AN LOI on a “Best Offer” basis
- 13505-13525 California Street will be delivered vacant and on an as-is basis upon execution of sale
- Seller will provide due diligence materials for qualified Buyer Prospects to evaluate the Project (current preliminary title report, ALTA survey, CAD files, utility records, property tax history, etc.)
- Providing prior notice, Buyer Prospects shall be allotted access to tour and conduct normal due diligence at the Project
- Project to be contracted for sale on Seller’s standard form Purchase and Sale Agreement (“PSA”)
- Title conveyed through escrow with First American Title Company; subject to standard closing cost allocations between Buyer & Seller
- Seller reserves right to select or reject Buyer Prospects at their sole discretion
- Subject to Buyer Preference, the current furniture, fixtures and equipment can be left in the Project for future use
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