Updated Aug 14, 2026
Jeff Bezos' Prometheus Leases 100,000 Square Feet Industrial Space In Oakland From SKB
1960 Mandela Parkway
Building Size
100,000 SF
Asset Type
Industrial
Closing
Aug 13, 2026
About this deal
AI
The property asset involved in this lease transaction is located at 1960 Mandela Parkway, Oakland, CA. The industrial space encompasses 100,000 square feet and is well-equipped with 8,000 amps of power, making it suitable for advanced manufacturing and research and development operations.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 1960 Mandela Parkway
- Market: Oakland, CA
- Landlord: SKB
- Tenant: Jeff Bezos - Prometheus
Jeff Bezos' AI startup, Prometheus, has expanded its operational footprint beyond San Francisco by leasing this industrial space, aiming to enhance its capabilities in AI and robotics development. The former American Steel Blocks site has been chosen for its substantial power supply, which aligns with the company's operational requirements.
On the Map
Industrial
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Players
Oakland Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93