SOLDOffice
Steven R. Meckfessel Acquires Former Fantasy Studios Property In Berkeley For $9.6M From Rich Robbins
2600 Tenth Street
$9,600,000
$79/SF
Building Size
121,200 SF
Asset Type
Office
Closing
Aug 3, 2026
AI
The property involved in the transaction is a former music and film production complex located at 2600 Tenth Street in Berkeley, CA. The asset type is an office space with a total square footage of 121,200. The sale price for the property was $9,600,000, translating to a price per square foot of $79.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,600,000
- Buyer: Steven R. Meckfessel
- Seller: Rich Robbins - Wareham Development
- Square Footage: 121,200
- Price Per Square Foot: $79
- Market: Berkeley, CA
The deal was executed as an all-cash transaction, with a group led by Steven R. Meckfessel acquiring the property from Wareham Development. The property, known historically as "The House That Creedence Built," has not served as a recording studio since 2018, but it still accommodates creative tenants.
Players
Saint Maries Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93