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GVA Whitney Cressman
505 Sansome Street, Suite 300
San Francisco, California 94111
415-229-8888 |
1501 Harbor Bay Parkway
Alameda, California
For Lease or Sale
For more information or to arrange a tour, contact our exclusive brokers.
Improved Life Science Property with State-of-the-Art Vivarium
32,000 Square Feet
The Property
1501 Harbor Bay Parkway is a highly improved life science building containing approximately 32,000 square feet over two floors. Originally constructed in 1985, the property underwent significant life science related, interior and base-building improvements from the late-1980s into the mid-1990s. There is surface parking for 110 automobiles (3.4/1,000).
Location
The property is located within Alameda's Harbor Bay Business Park, one of the East Bay's premier master planned business parks. The park covers 125 acres along San Francisco Bay and currently has approximately 1.5 million square feet of office and R&D space with available land to support an additional 1.5 million square feet. The park is home to a number of life science companies:
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Avigen
Berkeley Heart Lab
Calypte Biomedical
Celera Diagnostics |
Genteric
Mirai Bio
National Medical
Pepex Biomedical |
Pepgen
Peninsula
Pharmaceutical
TheraSense |
Purchase Price
$8,400,000
Cash at closing
Initial Unleveraged Return 10.5%
Leasing Rate
Negotiable
Improvements
The property is improved with both biology and chemistry wet labs, lab support space and a vivarium on the first floor with additional labs and executive offices on the second floor. The estimated replacement cost of the interior improve-ments is in the range of $6 million. Specialized improvements include:
8,000 sq.ft. state-of-the-art vivarium built by Pfizer in late-'90s
Extensive wet and dry laboratory areas with casework
14 fume hoods
Three cold rooms
Tissue culture facilities
Centrifuge room
High pressure steam boiler for autoclave and cage washers
Reverse osmosis de-ionized water system
Industrial hot water heater
Exterior hazardous materials storage area (H occupancy)
Two 25-ton chiller units located in an exterior enclosure
Seven air handling units and 50 exhaust fans on the roof
Two UPS backup generators
First Floor Plan
Second Floor Plan
Location
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