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1960 Mandela Parkway

Jeff Bezos' Prometheus Leases 100,000 Square Feet Industrial Space In Oakland From SKB
LEASEDIndustrial

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

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.

Players

Prometheus
PrometheusBuyer
SKB
SKBBuyer

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