Updated Oct 29, 2024
Rubi Laboratories Leases 16,884 SF Life Sciences Space At Radius @ Harbor Bay Campus Alameda
1501 Harbor Bay Pkwy Alameda, CA 94502, USA
$3
$3/SF
Building Size
16,884 SF
Asset Type
Life Sciences
Closing
Jun 8, 2023
About this deal
AI
California biotech company Rubi Laboratories has signed a lease for a 16,884-square-foot space at the Radius @ Harbor Bay campus in Alameda, located at 1501 Harbor Bay Parkway. The life sciences and innovation campus is owned by Paceline Investors and True North Management Group. The asking rent for the space is $3.50 per square foot.
Summary of transaction details
- Property Type: Life Sciences
- Tenant: Rubi Laboratories
- Lessor: Paceline Investors & True North Management Group
- Tenant's Representative: Daniel Pivnick & Ari Rokeach - Newmark
- Lessor's Representative: Conor Ranahan - Newmark
- Asking Rent: $3.50 per square foot
- Square Footage: 16,884
The lease was facilitated by Conor Ranahan from Newmark on behalf of the lessor, and Daniel Pivnick and Ari Rokeach, also from Newmark, represented Rubi Laboratories as their tenant's representatives. The Radius @ Harbor Bay campus offers additional amenities, such as a backup power generator and outdoor air HVAC service.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5287666.67%
Cash-on-Cash
-1511231.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93