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3900 Newpark Mall Road, Newark, CA, USA

Price: $2.75/square feet FULL SERVICE

Status: For Lease on October 2021

Executive Summary

The Ivy Group is pleased to present FOR LEASE a ground floor office / retail space, Suite 104.

Zoned Regional Commercial (RC), the space is located directly across from Newpark Mall, and is perfectly suited for professional services, as well as retail uses.

The property features abundant on site parking and easy access to freeways 84,  880 and the Dumbarton Bridge.

Due Diligence

Highlights

  • Building Size

    1,759 square feet

  • Lot Size

    87,145 square fee (± 2.01 acres)

  • Year Built

    1987

  • Zoning

    Regional Commercial (RC)

  • Use

    Office / retail

  • Freeway Access

    Convenient and easy access to highway 84 and 880

  • Bus Stop

    Walking distance to major bus stops and public transportation nodes

  • Parking

    Over 100 parking spaces onsite

  • APN

    901-111-11

  • Fire Sprinklers

    100% throughout

Location

Newark is a city in Alameda County, California and was incorporated in 1955.  It is located 35 miles south of San Francisco and is surrounded by near numerous high technology hubs. The city offers easy access to highways 580, 680, 880 and the Dumbarton Corridor.

Newark has evolved throughout the years from its days enriched in agriculture, manufacturing and railroad to today’s expansion of high-tech, biotech and the health sciences.

Newark is currently in the midst of some very exciting projects including new housing developments, and many retail and commercial businesses.

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.