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

[email protected]

License #: 01884390



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.



3

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



4

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



5

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



6

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



7

Floor Plan

University Avenue



8



9



10

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.



11

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.



12

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

turnkey restaurateur opportunity in berkeley · the development will convert the landmark acheson...

Documents