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Video Executive Summary Highlights Pictures Location

35457 Dumbarton Court, Newark, CA, USA

Price: $1,220,000 ($382/SF)

Status: Sold on October 2021

35457 Dumbarton Court, Newark, CA 94560

Executive Summary

The Ivy Group is pleased to offer FOR SALE a commercial condominium located in the Venture Commerce Center Newark complex. Zoned Business & Technology Park (BTP), the Property was built in 2004 and offers a rare opportunity to lease a truly turnkey asset in a supply constrained market.

The property is constructed of steel reinforced raised concrete panels.

The property is configured with two story office on the front side and 23 feet clear height in the rear warehouse portion. The office section in front is fully carpeted and equipped with a panelized ceiling system with integrated parabolic lighting and heating / air conditioning system.

The property features one grade level roll up door, 9 feet dropped ceilings in the office areas (23 feet ceiling height in the warehouse), and water/drain lines that run throughout. It has 2 private restrooms, one HVAC unit and two electric panels rated at 200 amps. Two transformers (one step up and one step down) are available to produce various voltage ranging from 110 to 480 volts. The property is 100% fully sprinklered throughout.

This is a unique opportunity for an owner/use to acquire commercial property to operate its own business. The Property supports a variety of uses and is perfectly suited for business users such as light manufacturing, R&D, professional services, religious, warehousing, distribution, eCommerce, and high tech operations, etc.

Offering Memorandum
  • Hidden
Due Diligence
  • Hidden

Highlights

  • Building Size

    ± 3,193 SF

  • Lot Size

    ± 196,891 SF (± 4.52 acres)

  • Year Built

    2004

  • Power

    270V step down transformer to 110V / 208V 3 Ø / 220V single Ø | 200 amps

  • Zoning

    Business and Technology Park (BTP)

  • Use

    R&D, warehousing, distribution, eCommerce, light manufacturing, religious and related support facilities

  • Freeway Access

    Next to Dumbarton Bridge, minutes to freeways 84, 92 & 880

  • Accessibility

    Conveniently accessible to numerous nearby amenities

  • Bart Station

    ± 12 minutes to Union City BART Station

  • Bus Stop

    Walking distance to major bus stops and public transportation nodes

  • Loading

    One grade level rollup door (10 ft x 10 ft)

  • Parking

    10 deeded, reserved spaces, plus additional onsite

  • APN

    537-855-4

  • Ceiling Height

    ± 9 ft office, ± 23 ft warehouse

  • Fire Sprinklers

    100% throughout

Property Photos

Location

The property is located in the Newark, CA submarket along Interstate 880 corridor. It is situated in the desirable Venture Commerce Center Newark complex, at the corner of Jarvis Avenue and Dumbarton Court.

The condo is surrounded by numerous restaurants, hotels, banks, grocery stores, schools and many convenient amenities. With easy access to highways within a one minute drive, the property is walking distance to bus stops and other public transportation nodes. The property is also conveniently located near 3 major airports, San Jose Mineta Airport, Oakland International Airport and San Francisco International Airport.

Located on the southeast side of the San Francisco Bay, Newark, CA is part of Alameda County and is a city of over 48,239 residents with an area of 13.9 square miles. Newark is conveniently served by State Route 84 and Interstate 880.

Newark’s economy is at the edge of Silicon Valley and shares its economic pattern. The city is home to a broad variety of innovative firms, high tech, life science, and clean technology companies. Newark has a broad range of quality, affordable business locations and a diverse workforce.

On July 22 Newark City Council voted unanimously to approve proposed designs from mall owner and developer Brookfield Properties for a Costco warehouse and 319 unit housing development. Construction could start as early as this fall 2021.

The Costco warehouse would be approximately 161,000 square feet, including a bakery, pharmacy, optical center, hearing aid testing center, food court, photo center, tire sales and installation center and 10,340 square-foot open air canopy. The warehouse would also come with a 32-pump gas station.

Costco would be on the southern portion of the Newpark Mall, taking the space previously occupied by JC Penney and Burlington Coat Factory, which would be demolished to make room for the warehouse. Approximately 84,000 square feet of space inside the mall would also be removed to accommodate the new Costco building.

The 319 unit apartment building would be six stories, a mixed use project that puts residential levels over the ground floor retail and amenities along Mowry Avenue, near the entrance of the mall. The building would have approximately 3,700 square feet of retail on the ground floor and 12,900 square feet of amenities like a bike shop, clubroom, co-working space, game room and fitness room, plus a pool courtyard and six-and-a-half level parking structure with 506 spaces.

Newark, CA Demographics

Transaction Highlights

  • Quick Closing
    2
    weeks close of escrow
  • Financially Strong Buyer
    30%
    down payment
  • Installment Sale
    70%
    seller carry back

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