Catylist ID: #29804974
Innovation District Office Building w/PARKING
|Catylist Listing ID:||29804974|
|Property Subtypes:||High-Tech, Office Building, Other|
Overview / Comments
This two story brick office building is located on one of the hottest blocks in the newly formed Innovation District. The building features large open areas as well as private offices and meeting areas. It has a relatively new TPO roof and all new HVAC.
The building also includes some onsite parking, and we have secured the rights to over 50 additional spaces about a block away. These additional spaces would be $60 per month per space.
We are seeking a single tenant for the building and will provide a $350,000 TI incentive for a 10 year lease.
Other FTC tech-related tenants in the area include OpenTable (The Priceline Group, NASDAQ: PCLN), Whiteboard, and H&D Corporation (international IT company providing services to VW, etc).
Lamp Post Group is launching a new redevelopment of the former Coopers buildings which are directly across the street from 720 Cherry. This redevelopment will feature a new restaurant on the ground floor and a rooftop terrace.
|Lease Term:||120 Months|
|Rent Escalators||Step-Up Lease|
|Tenant Improvements Allowance||$350,000|
|Tax ID/APN:||033145D L 01900P000|
|Zoning:||C-3 CENTRAL BUSINESS DISTRICT|
|Property Located Between:||7th and 8th Streets|
|Side of Street:||East|
|Total Number of Buildings:||1|
|Number of Stories:||2|
|Typical SF / Floor:||5,000 SF|
|Parking Description:||The building includes some onsite parking, and we have secured the rights to over 50 additional spaces about a block away. These additional spaces would be $60 per month per space.|
|Proximity:||1 mile||3 miles||5 miles|
J. Matthew McGauleyFidelity Trust Company GCAR CMLS Member
|© Copyright GCAR Commercial MLS. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither GCAR Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|