Updated Apr 15, 2026
Eric Hunter Of World Market Renews 112,000 Square Foot Lease At 1201 & 1151 Marina Village Parkway
1151 Marina Village Parkway
Building Size
112,000 SF
Asset Type
Office
Closing
Apr 14, 2026
About this deal
AI
The transaction involves an office asset located at 1201 & 1151 Marina Village Parkway in Alameda. This property encompasses a total area of 112,000 square feet, providing substantial space for commercial operations within the East Bay area.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 1201 & 1151 Marina Village Parkway
- Market: Alameda
- Tenant: Eric Hunter - World Market
- Vacancy Rate: 7.3%
- Regional Average Vacancy Rate: 25.5%
- Number of Employees: Approximately 500
Eric Hunter represents World Market in this lease renewal, which secures the continued operation of the company's headquarters in the Research Park at Marina Village. The deal is notable for retaining a significant workforce and reinforcing the area's position in the office market.
On the Map
Office
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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