39899 Balentine DrNewark, CA 94560

Property Details for 39899 Balentine Dr

Lot size

0.26 AC

Property type

Office properties

Property subtype

Office buildings

APN

901-195-1

APU

9011951

Description

This Class A, 10,315 square foot office building in Newark, California, offers a variety of flexible workspace solutions. Located at 39899 Balentine Drive, Suite 200, this property boasts 350 suites, with 5,970 square feet currently vacant. The building underwent renovations in 2019 and features elevators for convenient access. Space is available from a minimum of 10 square feet up to a maximum contiguous space of 1,300 square feet, catering to businesses of all sizes. The property is ideal for executive offices, coworking spaces, and creative office setups, offering a blend of traditional and professional work environments. Situated in Alameda County, with easy access to I-880, this location provides convenient access to the Tri-Cities area and San Francisco (less than an hour away). The surrounding area offers numerous amenities, including shopping malls, fitness centers, and restaurants, creating a vibrant and convenient work environment. The building's multiple tenancy structure allows for diverse business occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $4,371,634

  6.5%

  $4,035,354

  7%

  $3,747,114

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,177,064

  Geo Method

  $3,177,064

• Alternative Use

  Use

  Valuation

  Residential

  $5,003,839

  Hospitality

  $4,583,490

  Educational

  $3,813,410

  Medical

  $3,944,559

  Retail

  $5,931,970

Location Insight

City

Newark

County

Alameda

State

California

Latitude

37.5218

Longitude

-121.993

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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