Turnkey Restaurateur Opportunity in Berkeley · The development will convert the landmark Acheson...
Transcript of Turnkey Restaurateur Opportunity in Berkeley · The development will convert the landmark Acheson...
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street Berkeley, CA 94709 ~ (510) 704-1800 phone ~ (510) 704-1830 fax ~ License #: 00789365
www.gordoncommercial.com
“Koerber Building”
at 2050 University Avenue
Turnkey Restaurateur Opportunity in Berkeley
For Lease
Size: +/- 4,311 sq. ft.
Lease Rate: $3.00 psf NNN plus 3% of Gross Revenue over $2.5 million
For more information contact
Kevin Gordon
(510) 898-0513
License #: 01884390
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street Berkeley, CA 94709 ~ (510) 704-1800 phone ~ (510) 704-1830 fax ~ License #: 00789365
www.gordoncommercial.com
Offering Highlights
Extensive renovation completed in July 2013 - Pristine working condition
Building owner invested ~ $900,000 into the restaurant in order to develop the space to a standard commensurate with the landmark building and location
Beautiful enclosed patio developed in garden in rear, including seating for 40+
Dramatic bar design incorporating crushed glass tile and reclaimed wood
All new/unused kitchen and bar equipment
Fully equipped restaurant kitchen and bar
Two Captivaire hoods in place, one (14’) for gas appliances, one variable speed (10’) for wood grill
All approvals and permits in place, including ABC type 41 beer and wine license, health permit, fire and building permits for immediate operation
Custom designed and fabricated wood-fired grill
Fully furnished, including antique tables and chairs, barstools, parasols, plates, flatware, glasses, candles, etc.
duChateau reclaimed European white oak wood floor, custom designed lighting and chandeliers, custom sound equipment, large walk-in refrigeration with internal freezer, plus many additional features
Video surveillance in place
Ceilings over 18 feet high. Two sky lights. Large windows to street.
Custom storefront, including handmade steel doors
Four restrooms, two ADA compliant
Occupancy: 186
Sunny back patio approved for beer and wine outdoors. Heated and lit
Fire pit at rear of patio
Terrific signage opportunity
Square footage includes +/- 683 sq. ft. office/storage room above restaurant
Note: Landlord open to full liquor license
Additional high ceiling basement space available for creative use.
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street Berkeley, CA 94709 ~ (510) 704-1800 phone ~ (510) 704-1830 fax ~ License #: 00789365
www.gordoncommercial.com
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Location Highlights
New Live Music Venue under construction next door at the UC Theater
Two blocks to UC Berkeley campus with 50,000 daily population
Adjacent to the Downtown Arts District
Easy walking distance to more than 23,000 live theater, music, movie theater, and sports venue seats (see pg 12)
Two blocks to BART
Close to all downtown destinations and amenities
One block to City Parking
Landmark Koerber Building - six stories, SOHO architecture, shares property line with Berkeley Repertory Theater
Five floors of office space above the restaurant, housing +/- 80 tenants
Street Map
SITE
Arts District
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street Berkeley, CA 94709 ~ (510) 704-1800 phone ~ (510) 704-1830 fax ~ License #: 00789365
www.gordoncommercial.com
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Inventory List
Key Money for FF&E listed below is $250,000
Cost to Landlord of over $500,000 as part of a $900,000 renovation
Equipment (all brand new/unused)
Bakers Pride Deck Oven 152 with steam injectors
Bakers Pride Stove 60-BP-6B-G24-C526 with convection oven, standard oven, griddle, 6 burners
Bunn ITB 3 Gallon Ice Tea Maker
Cecilware ISP2-220V Venezia II Espresso Machine
Continental 9321 21 Gallon Ingredient Bins x4
Cooking Performance Group CPG-SB-36 36" Salamander Range
Dishwasher tables
Electrolux DG55206 Panini Grill
Fire extinguishers
Frymaster MJ35G-SC
Globe SP20 Verticle Mixer
Globe XTABLE
Hobart H58N-1 13" Manual Slicer
John Boos Maple Wood Work Table
KitchenAid KSM8990WH Mixer
Manitowoc IY-0854A I-Series Icemaker
Mazzer Mini Coffee/Espresso Grinders x2
Nemco 56450-1 FryKutter
POS equipment (4 ipads, cash drawer, 3 thermal printers, 2 kitchen printers, cc readers, router)
Robot Coupe R101 Plus
S/S table plus drawers
Shelving, mats and bins
Sound equipment - amplifiers x4
Storage carts, trays
Telephone
True TBB-24-72G-SD-S 73" Backbar Refrigerator
True TPP-44 Pizza Prep
True TSSU-48-12 Sandwich Prep
True TWT-27F Freezer
True TWT-48 Worktop Refrigerator x2
Waring WDM360 Triple Head Drink Mixer
Waring WSG30 Commercial Spice Grinder x2
Win-Holt INHPL-1836 Holding Proofing Cabinet
Wire shelving
Wood-fired grill, custom designed and fabricated
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street Berkeley, CA 94709 ~ (510) 704-1800 phone ~ (510) 704-1830 fax ~ License #: 00789365
www.gordoncommercial.com
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Fixtures
3 compartment sink, kitchen
Bathroom fixtures
Corten tile flooring
Curtains
duChateau oak flooring
Eagle B24IC-24 ice chest
Eagle B6-3-LR-19 SpecBar 2000
Eagle handsink
Fire doors and exterior doors
Fire pit, gas
Fireclay tile
Fixtures and accessories, kitchen
Floor sinks, kitchen and bar
Food sink, kitchen
Grease trap
Handicap Access Door Openers
Handsink, kitchen
Hoods (includes ducts, mechanical and installation)
HVAC
Kitchen floor tile
Kitchen subway wall tile
Life-Safety Signs
Lighting, custom fixtures
Lighting, exterior
Lighting, other fixtures
Mop sink, kitchen
Patio heaters DCS DRH-48N x4
Reclaimed bricks
Reclaimed wood
Safe
Security cameras, DVR
Skylights
Speakers
Storefront
Walk-In Cooler/Freezer
White gravel
Wireless routers, misc network
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street Berkeley, CA 94709 ~ (510) 704-1800 phone ~ (510) 704-1830 fax ~ License #: 00789365
www.gordoncommercial.com
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Furnishings
Antiques from Holland
Antiques from Scotland
Artwork
Barstools
Candles and lanterns
Exterior Chairs
Exterior Tables
Firepit bench
Flatware and carving knives
Misc pots, pans, scales, boards, knives, implements, etc.
Office desks
Plates, glasses, misc items
Serving trays and misc bussing items
Wood platters, custom made
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street Berkeley, CA 94709 ~ (510) 704-1800 phone ~ (510) 704-1830 fax ~ License #: 00789365
www.gordoncommercial.com
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Floor Plan
University Avenue
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street Berkeley, CA 94709 ~ (510) 704-1800 phone ~ (510) 704-1830 fax ~ License #: 00789365
www.gordoncommercial.com
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GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street Berkeley, CA 94709 ~ (510) 704-1800 phone ~ (510) 704-1830 fax ~ License #: 00789365
www.gordoncommercial.com
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GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street Berkeley, CA 94709 ~ (510) 704-1800 phone ~ (510) 704-1830 fax ~ License #: 00789365
www.gordoncommercial.com
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Berkeley Overview
New Traffic Generators Add Density to Downtown Berkeley A change is underway in Berkeley, dramatically increasing the density of the downtown area. Major contributors to this include Measure R, passed in 2010, which allows for higher buildings around BART and in the downtown corridor, and a large number of new residential units being built throughout the city, especially in downtown. With this increased density, we see an increased amount of adaptive reuse, demolition, and repositioning of existing properties.
Underway and Recently Completed Traffic Generators
The new 5-story +/-112,800 UC Berkeley Energy
Biosciences Building opened in September 2012.
Well over 2,000 new residential units have been added to downtown Berkeley in the last ten years and over 2,000 more units are now approved, under construction or in the permit process. Examples include:
Acheson Commons, to the side and rear of the UC Press building, is a proposed 203 unit project on the block bounded by University, Shattuck, Berkeley Way and Walnut. The development will convert the landmark Acheson Physicians Building to apartments, add 5-stories of housing atop the landmark Sill Grocery / Ace Hardware store, construct another 5-story residential building atop and behind the commercial structures at the northeast corner of University and Shattuck, and remove two brown shingle apartment buildings at Walnut and Berkeley Way, replacing them with a new residential tower.
Stonefire (1974 University Ave - current site of Firestone Tires) - a new 8-story building in the permitting process. It is planned at this time to include 115 residential units, a full-service restaurant, and commercial space on University Avenue.
The Residences at Berkeley Plaza (2211 Harold Way - between Allston and Kittredge) - a newly proposed 17-story high-rise with 355 residential units and 12,000 sq. ft. of retail space. The Hotel Shattuck Plaza, which sits on the same block but has different owners, would share some of the project’s amenities but otherwise remain untouched.
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street Berkeley, CA 94709 ~ (510) 704-1800 phone ~ (510) 704-1830 fax ~ License #: 00789365
www.gordoncommercial.com
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Measure R introduced new guidelines that will allow greater urban density. Under Measure R, the city will permit the construction of five high rises in downtown. Three of these can be 180 feet high and must be located within a one-block radius of the downtown BART station. Two must be residential towers and one must be a hotel. The city will also permit development of two towers of 120 feet. These could be either residential or office space.
The UC Theater Nightclub and Concert Venue (located directly next door to the restaurant space and slated to open in 2014) will bring +/- 1,440 new live theater/music venue seats, bringing the total number of live theater/music venue seats in the Downtown area to over 9,500. The new UC Theater operator is affiliated with Slims and the Great American Musical Hall.
The Skydeck Innovation Center now occupies the top floor of 2150 Shattuck Ave., the tallest building in downtown Berkeley. Skydeck, a new 10,000 sq. ft. incubator for fledgling technology companies, will house up to 60 workers.
Construction began February 2013 on the UC
Berkeley Art Museum and Pacific Film Archive's new home on Center Street. The project combines an existing +/- 48,000 sq. ft. building at 2120 Oxford St with a new 50,000 sq. ft. addition next door.
Trader Joe’s project at MLK and University has been a huge success and increases foot and car traffic to the north side of University. It is in the ground floor of the New Californian, a 5-story 148-apartment complex.
The City of Berkeley received a $2 million grant from the Metropolitan Transportation Commission to
renovate the BART Plaza.
GORDON COMMERCIAL REAL ESTATE SERVICES 2091 Rose Street Berkeley, CA 94709 ~ (510) 704-1800 phone ~ (510) 704-1830 fax ~ License #: 00789365
www.gordoncommercial.com
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Downtown Berkeley Entertainment Venues
Live Theater and Music Venues Number of Seats
Berkeley Rep
Roda 600
Thrust 400
New Berkeley Rep Space 200
Jazz School 150
Aurora 150
Freight and Salvage
Listening Room 440
Performance Space 60
Marsh Theater
Theater Space 120
Cabaret 70
Slim’s at UC Theater 1,440
Zellerbach
Zellerbach Hall 2,015
Zellerbach Playhouse 547
Berkeley Community Theater 3,400
TOTAL - Live Theater and Music Venues 9,592
Movie Theaters
Shattuck (10 screens) 924
United Artists (7 screens) 700
California (3 screens) 450
New Pacific Film Archive 200
TOTAL - Movie Theaters 2,274
Sports Venues Haas Pavilion 11,877
TOTAL - Sports Venues 11,877
GRAND TOTAL 23,743