1760 Solano Ave
Office | 6.63% CAP | 18,819 SqFt
Marketing description
1760 Solano Avenue presents a rare opportunity to own a fully occupied, pride-of-ownership mixed-use asset in North Berkeley. The three-story, ±18,819 SF building features a ground-floor retail suite and 18 professionally renovated office suites above, supported by 19 gated parking spaces. Under current ownership, the property has benefited from substantial capital improvements including new build-outs, modernized common areas, and upgraded building systems. With strong tenancy in place and proven demand along Solano Avenue, this stabilized asset is positioned to deliver reliable cash flow with additional rent growth potential as leases roll.
Investment highlights
Stabilized Berkeley Hills Asset – 18,819 SF three-story office building featuring nineteen office suites with diversified professional tenancy and 100% occupancy.
Recent Capital Improvements – Comprehensive modernization program completed under current ownership including new third-floor suite buildout, HVAC upgrades, vacant unit renovations, and common area improvements, reducing near-term CapEx requirements.
Prime Solano Avenue Location – Situated in the heart of Berkeley Hills with Walker's Paradise Score of 94/100, surrounded by an eclectic mix of shops, restaurants, and entertainment along this historic main thoroughfare.
Strong Parking Ratio – 19 gated parking spaces providing excellent parking coverage for tenants in a highly walkable Berkeley Hills location.
Significant Rent Growth Upside – Current rents averaging $43.11/SF/month with market rents at $54.03/SF/month, representing substantial upside potential as leases roll and the fully-occupied building benefits from Berkeley's strong office market fundamentals.
Turnkey Investment Opportunity – Fully renovated and modernized building systems, professional wayfinding and directory, and move-in-ready suites positioned for continued strong performance with minimal additional capital investment required.
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