Properties

4301, 4305, 4309 Hacienda Blvd Pleasanton, California

  • Acquired a 300,000 sq. ft., five story multi-tenant office building
  • Occupancy was 60% with first generation drop ceiling office suites
  • Updated vacant suites with open ceilings, exposed ducting and modern beam light fixtures
  • Renovated all common areas and added a new gym and cafe with an outdoor patio
  • Installed a 1MW solar system offsetting 40% of the project’s energy usage

21325-21375 Cabot Blvd Hayward, California

  • Acquired a 136,000 sq. ft. multi-tenant, single story R&D project
  • Occupancy was below 50% with over-improved suites and significant deferred maintenance
  • Removed a large portion of the office improvements and renovated the entire project
  • Project occupancy has remained above 95% and rents have doubled
  • Refinanced and returned 100% of investor equity

4120 Point Eden Way Hayward, California

  • Acquired an obsolete 60,000 sq. ft., two-story office building
  • Repositioned the asset as a highly functional 35,000 sq. ft. warehouse with yard
  • Removed the majority of the second floor and added multiple 20’ roll-up doors
  • Signed a 10-year lease with a credit tenant 18 months into the hold period
  • Refinanced and returned 100% of investor equity

30311-30315 Union City Blvd Union City, California

  • Acquired a 145,000 sq. ft. warehouse on a 12 acre partially improved site
  • Removed a significant amount of second story office improvements
  • Graded and paved five acres of unimproved land creating rentable yard
  • Leased the project to two credit tenants within 15 months of closing
  • Refinanced and returned 85% of investor equity

635 High Street Palo Alto, California

  • The 4,996 sq. ft. office building was vacant upon entering escrow
  • Signed a new lease during escrow
  • Increased the rentable square footage 10% and rehabbed the interior
  • 25% current leveraged cash-on-cash return

2674-2680 North First Street San Jose, California

  • Acquired a two story 47,000 sq. ft.office project
  • Occupancy was below 50% with significant deferred maintenance throughout the project
  • Renovated all office suite interiors, restrooms and lobbies
  • Updated the exterior including new facade, windows, doors, sitework and landscaping
  • Refinanced and returned 100% of investor equity

591 West Hamilton Avenue Campbell, California

  • Acquired a two story 30,000 sq. ft. office building
  • Occupancy was 40% with dated suites and common areas
  • Renovated all office suite, restrooms, and lobbies
  • Implemented a structural retrofit to add significant additional window line
  • Installed 30KW solar system making the building energy neutral
  • Refinanced and returned 100% of investor equity

55 Perry Street Redwood City, California

  • Acquired a 16,000 sq. ft. office building
  • The building was vacant and in significant disrepair
  • Extensively renovated to creative open office space
  • Added functional outdoor roof deck with sweeping views
  • Assisted in raising capital for the acquisition

480-488 Ellis Street Mountain View, California

  • Acquired an 18,000 sq. ft. machine shop building in an excellent location
  • Extensively renovated the building with new multi-tenant R&D interiors
  • Updated the exterior including new facade, windows, doors, sitework, and landscaping
  • Sold and returned 100% of investor equity plus a 12% annual return

404-420 Pendleton Way Oakland, California

  • Acquired a 32,000 sq. ft. over improved multi-tenant light industrial building
  • Demolished 6,000 sq. ft. of office improvements and extensively renovated the interiors
  • Updated the exterior including new windows, doors, sitework, and landscaping