$1.55/SF NNN ($0.55/SF)
The Ivy Group is pleased to offer FOR LEASE 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.
This is a unique opportunity for a tenant to lease and 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.
Newark is ideally located on the southeast edge of the San Francisco Bay and next to many tech hubs with accessibility via highways 880, 580, 680, and the Dumbarton Corridor.
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 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.
35457 Dumbarton Ct, Newark, California, USA
