MARK GEISREITER Lic. 00889721 T +1 415 291 8429 [email protected]SIMON CLARK Lic. 01318652 T +1 650 577 2938 [email protected]ALEX WILSON Lic. 01771333 T +1 650 577 2923 [email protected]±87,000 RSF OFFICE/LIFE SCIENCE BUILDING MARINA LANDING 7000 MARINA BLVD. BRISBANE, CALIFORNIA NOW AVAILABLE FOR SALE OR FOR LEASE
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MARINA LANDING NOW AVAILABLE 7000 MARINA BLVD. FOR …properties.cbre.us/marina-landing/assets/marina... · FOR SALE OR FOR LEASE. CAMPUS HIGHLIGHTS BRISBANE, CALIFORNIA • 7000
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The 7000 Marina Blvd. building includes approximately 85,000 sf on six floors. Originally built in 1986 as the headquarters for the R. Dakin Co., a plush toy manufacturer, the building possesses strong architectural characteristics, now enhanced with increased access to light and views desired in a modern office. By replacing the existing awning windows with floor-to-ceiling, high-performance insulated glazing, views and daylight are maximized while also improving thermal performance. Exterior walls further push outward on existing cantilevered slabs to create pop out areas for informal breakout spaces and small meeting pods that showcase collaboration from the inside out. New exterior feature lighting highlights the new elements and provides a distinct street view of the building at night.
The main entrance of 7000 Marina was rotated from the south to southwest side of the building to directly relate to the 5000 Marina building. The entrance opens to an expansive two-story lobby with green walls, custom front desk, and renovated elevator lobby. The lobby provides direct access to the building’s impressive five-story atrium, which was previously built out as office space. Blitz removed the existing wall components to expose the structural steel. Designed for ultimate flexibility, the large open space includes area for a multi-use stage for meetings and events. Large roll-up doors and an outdoor patio create collaborative space that can easily expand the space to the exterior. The atrium can also be used as the main employee gathering and all-hands area for both buildings.
Total Net Present Value Occupancy Cost $32,737,692 $23,933,823Total Net Present Value Occupancy Cost / SF $376 $275
LEASE VS. PURCHASE
• Assumes building purchase price of $375 per square foot • Purchasing the building REDUCES Avg. Annual Occupancy Costs by 59.4%
• Purchasing the building REDUCES NPV of Total Occupancy Costs by 26.9%
*Analysis assumes a 10 year lease and disposition of the property after 10 years**Disposition analysis assumes 2% annual appreciation (linked to CPI) of the Property.
Annual Rent / SF $72.11 $42.72Annual Parking / SF* $4.80 $0Annual Payroll or Receipts Tax / SF** $3 $0Total Annual Occupancy Cost / SF $80.51 $42.72
• San Francisco has 88.5% HIGHER occupancy costs than Brisbane
*San Francisco parking based on $400/month/parking spot and 1,000 SF/parking spot**San Francisco Gross Receipts Tax based on $50,000,000 in receipts and 87,000 SF office space
[ Hypothetical Office Floor Plan - 5th Floor, ±17,000 SF ]
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