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Pacific Workplaces Renews Lease For 14,090 SF Office Space In Pleasant Hill

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LEASED
$35
Breck Lutz
Ian Osborne
+ 2

California

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Office14,090 SF
Leased 05/10/2023
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Property Image
LEASED

Pacific Workplaces Renews Lease For 14,090 SF Office Space In Pleasant Hill

3478 Buskirk Ave Pleasant Hill, CA 94523, USA

See Similar Deals
Office14,090 SF
Leased 05/10/2023
Breck Lutz
Ian Osborne
+ 2
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$35
Total Square Footage:14,090 SF
Transaction Type:Lease

Pacific Workplaces (PAC) has renewed its lease for a 14,090 square-foot space at 3478 Buskirk Avenue in Pleasant Hill, California. The lease terms are for another 10 years, and the asking rent is $35 per square foot. The flexible office space provider, which has 18 locations, will use a substantial tenant improvement allowance from the landlord to refresh the center. The space features 51 furnished private offices, meeting rooms, and a community manager who curates professional events.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 3478 Buskirk Avenue, Pleasant Hill, California
  • Market: Pleasant Hill
  • Tenant: Pacific Workplaces - Laurent Dhollande & Stephanie Bricker
  • Landlord's Rep: Curtis Berrien & Breck Lutz - Newmark
  • Tenant's Rep: Ian Osborne & Erik Sorenson - Veracity Commercial Partners

The lease renewal at 3478 Buskirk Avenue in Pleasant Hill was facilitated by the landlord's representatives Curtis Berrien and Breck Lutz from Newmark, and the tenant was represented by Ian Osborne and Erik Sorenson from Veracity Commercial Partners. With the lease term extended and the tenant improvement allowance, Pacific Workplaces will continue to provide its flexible office space services at this location.

Players

Curtis Berrien
1 deal(925) 974-0129
BROKER

Breck Lutz
Newmark
2 deals$40.5M volume(925) 974-0109
BROKER




Pacific Workplaces
TENANT

Details

LEASED
IMAGE: Ian Osborne, Breck Lutz, Erik Sorenson & Curtis Berrien DATE: 05/10/2023 ADDRESS: 3478 Buskirk Avenue MARKET: Pleasant Hill ASSET TYPE: Office TENANT: Pacific Workplaces (@PacificWorkplaces) - Laurent Dhollande & Stephanie Bricker LANDLORD'S REP: Curtis Berrien & Breck Lutz - Newmark (@Newmark) TENANT'S REP: Ian Osborne & Erik Sorenson - Veracity Commercial Partners ASKING RENT: $35/ft. ~ SF: 14,090 LEASE TERMS: 10 years NOTE: Pacific Workplaces (PAC) has renewed its lease for a 14,090 square-foot space at 3478 Buskirk Avenue in Pleasant Hill, California, for another 10 years. The flexible office space provider, which has 18 locations, will use a substantial tenant improvement allowance from the landlord to refresh the center, which features 51 furnished private offices, meeting rooms, and a community manager who curates professional events.

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Deal Type
Effective Rent (Annual)

$565,341.21

Total Lease Value

$5,653,412.08

Net Landlord Cash Flow$565,341.21