For Sale: 1581 Le Roy Avenue Berkeley, CA
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- Bertina Houston
- 6 years ago
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1 (510) vinestreetinvestments.com BRE Lic. # All information furnished herein was provided by sources deemed reliable, but no representation is made or implied as to the accuracy thereof. All information herein is offered in good faith, but is subject to errors, omissions, change of price, prior sale, lease or financing, withdrawal without notice, rental or other conditions. For Sale: 1581 Le Roy Avenue Berkeley, CA Back on the Market- Price Reduction! Historic building and grounds nestled in the hills above U.C. Berkeley and Downtown Berkeley Offered at $7,250,000 $6,875,000 Property tours: Contact Broker Disclosures: Contact Broker to obtain non-disclosure agreement Now Accepting Offers
2 Confidentiality and Non-Disclosure Vine Street Investments, (the Broker ) has been exclusively retained to market and sell 1581 Le Roy Avenue, Berkeley, California (the "Property"). Broker has been authorized by the Seller of the Property ("Seller") to prepare and distribute the enclosed information ("Material") for the purpose of soliciting offers to purchase from interested properties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and the prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your own independent analysis. The information contained herein is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, subsidiaries, members, managers, partners, or offices makes any representation or warranty regarding its accuracy or completeness. Purchaser must make its own investigation of the Property and any existing or available financing, proformas, and must independently confirm the accuracy of the information and projections contained herein. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto. Neither the Owner of the Property nor Broker or any of their respective officers, employees, or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property's purchase price, or any property or market information provided, or to withdraw the Property from the market at any time without notice. Recipients agree that the information provided by Owner and/or Broker is confidential and, as such, agree to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm, or entity without prior written authorization of Owner or Broker and not use, or permit to be used, this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property s tenants in connection with Recipient's review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTIES OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTIES SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM. (510) ito@itoripsteen.com vinestreetinvestments.com BRE Lic. # All information furnished herein was provided by sources deemed reliable, but no representation is made or implied as to the accuracy thereof. All information herein is offered in good faith, but is subject to errors, omissions, change of price, prior sale, lease or financing, withdrawal without notice, rental or other conditions.
3 (510) vinestreetinvestments.com BRE Lic. # All information furnished herein was provided by sources deemed reliable, but no representation is made or implied as to the accuracy thereof. All information herein is offered in good faith, but is subject to errors, omissions, change of price, prior sale, lease or financing, withdrawal without notice, rental or other conditions. Features Approximately 43,500 square feet on three levels Approximately 2.7 acres, including large, flat playground area and a parking lot with EV charger Multiple classrooms, multi-purpose room, auditorium, kitchen, lunch room, staff rooms, multiple updated restrooms, sprinklers, fire alarm system Adaptable layout to possibly house various uses (check with City as to allowed uses) Various improvements performed in recent years to accommodate a preschool through 8 th grade school New roof (2016) Gorgeous architecture details throughout the property Sparkling bay views! Designed by famed architect Walter H Ratcliff, Jr., built in 1925 Historic Building: City of Berkeley Landmark and on National Register of Historic Places
4 Property Photos Tudor revival style Handsome entrance Variety of classrooms Adaptable spaces Generous auditorium Updated restrooms Room to grow Large, flat playground Parking area with EV charger (510) vinestreetinvestments.com BRE Lic. # All information furnished herein was provided by sources deemed reliable, but no representation is made or implied as to the accuracy thereof. All information herein is offered in good faith, but is subject to errors, omissions, change of price, prior sale, lease or financing, withdrawal without notice, rental or other conditions. 4
5 (510) vinestreetinvestments.com BRE Lic. # All information furnished herein was provided by sources deemed reliable, but no representation is made or implied as to the accuracy thereof. All information herein is offered in good faith, but is subject to errors, omissions, change of price, prior sale, lease or financing, withdrawal without notice, rental or other conditions. Floor plans Ground floor, second floor, and third floor plans
6 (510) vinestreetinvestments.com BRE Lic. # All information furnished herein was provided by sources deemed reliable, but no representation is made or implied as to the accuracy thereof. All information herein is offered in good faith, but is subject to errors, omissions, change of price, prior sale, lease or financing, withdrawal without notice, rental or other conditions. Arial View Situated in the lower Berkeley Hills, in close proximity to UC Berkeley, Downtown Berkeley and BART
7 (510) vinestreetinvestments.com BRE Lic. # All information furnished herein was provided by sources deemed reliable, but no representation is made or implied as to the accuracy thereof. All information herein is offered in good faith, but is subject to errors, omissions, change of price, prior sale, lease or financing, withdrawal without notice, rental or other conditions. Parcel Map APN # Zoning: R-1H
8 (510) vinestreetinvestments.com BRE Lic. # All information furnished herein was provided by sources deemed reliable, but no representation is made or implied as to the accuracy thereof. All information herein is offered in good faith, but is subject to errors, omissions, change of price, prior sale, lease or financing, withdrawal without notice, rental or other conditions. Area Map ½ Mile to the North Entrance of U.C. Berkeley Campus 1.2 Miles to Downtown Berkeley BART 1.6 Miles to North Berkeley BART
9 San Francisco Bay Area Berkeley Emeryville Site UC Berkeley Oakland San Francisco The City of Berkeley, with a population of approximately 112,000, lies at the northern end of Alameda County and is known for its well-educated and socially diverse population. The prestigious University of California, Berkeley ( UC Berkeley ) is a prominent and respected public university established in 1868 with over 36,000 undergraduate students and 10,000 graduate students. (510) ito@itoripsteen.com vinestreetinvestments.com BRE Lic. # All information furnished herein was provided by sources deemed reliable, but no representation is made or implied as to the accuracy thereof. All information herein is offered in good faith, but is subject to errors, omissions, change of price, prior sale, lease or financing, withdrawal without notice, rental or other conditions.
10 Downtown Berkeley and Surrounding Environment Downtown Berkeley has a daytime working population of 75,000 and one of the most heavily-used BART stations (22,000 entries/exits daily) in the area. The University of California at Berkeley is located on its border. Students, office workers, downtown residents, shoppers, families and travelers all come downtown to partake of the stores, restaurants and services offered. Downtown Berkeley posts a perfect Walk Score of 100. Over 1,500,000 square feet of office space. Safe, seven day a week retail environment. Excellent foot traffic. Mid-day pedestrian volumes estimated to be >2600 people per hour around the downtown BART station. Lively Arts District including Berkeley Repertory Theater, Aurora Theater, Jazz School, Freight and Salvage, the Marsh Theater, and The New UC Theater (coming soon). Wide variety of enterprises including, live theater, movie theaters, museums, over 100 restaurant/dining options, non-profit organizations, professional services, and retail shops selling the gamut of goods including art, antiques, clothing, electronics, furnishings, games, groceries, gifts, hardware, music, and books. Many national and local retailers. Great transportation easy access by car, BART, bus, bicycle and foot. New BART plaza coming soon with $10.5M earmarked for the renovation. The University of California at Berkeley The University of California at Berkeley, located adjacent to downtown, is the largest employer in Berkeley, the largest user of office space in downtown Berkeley, and contains a large, mobile, population that uses downtown Berkeley as an extension of the campus. UC Berkeley has a daily on-campus headcount of close to 50,000 including students, faculty, academic staff, nonacademic staff, and visitors. Construction Boom Berkeley is currently experiencing a housing boom, with over 1,400 residential units and 90,000 square feet of new retail space either newly constructed, in the planning and permitting process, or in the development pipeline. These new buildings will house both student and non-student residents that will add to the vitality and to the cultural renaissance in Berkeley. (510) ito@itoripsteen.com vinestreetinvestments.com BRE Lic. # All information furnished herein was provided by sources deemed reliable, but no representation is made or implied as to the accuracy thereof. All information herein is offered in good faith, but is subject to errors, omissions, change of price, prior sale, lease or financing, withdrawal without notice, rental or other conditions.
11 For more information Phone: (510) Website: vinestreetinvestments.com BRE Lic. # (510) ito@itoripsteen.com vinestreetinvestments.com BRE Lic. # All information furnished herein was provided by sources deemed reliable, but no representation is made or implied as to the accuracy thereof. All information herein is offered in good faith, but is subject to errors, omissions, change of price, prior sale, lease or financing, withdrawal without notice, rental or other conditions.
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