Seagate Properties
A Real Property Investment & Operating Company
The 26,100 square foot Addison Court Building, originally built in 1915 as a National Guard Armory and fully renovated in 1984, is a two story professional office building located in the Berkeley Arts District in Downtown Berkeley within walking distance to BART and Berkeley’s many restaurants, shops and professional services.
The property features a unique two story enclosed courtyard with skylights and extensive landscaping.
The Greenville Business Center II is a Class A multi-tenant industrial/office flex building on 5.05 acres of land in Livermore, California. Located at 7701 Los Positas Road, the project features 28’ clear height, two-story office space and 24 skylights.
Constructed in 2000, Greenville Business Center II is a concrete tilt-up project featuring 2000 AMP power and ample parking. The well-located building offers immediate access to Interstate 580, a major east/west thoroughfare in the region.
Southside square is a two story, mixed use retail/office building located on the corner of Shattuck and Channing Avenues in downtown Berkeley. The building features great natural light and operable windows and designated, onsite parking. Southside Square is just a short walk to BART, University of California, Berkeley and all downtown amenities.
This mixed use building provides both retail on the ground floor and a modern office space on the second floor. The building is conveniently located one block west of the the UC Berkeley Campus and one block east of Downtown Berkeley. 2108 Allston is home to the Berkeley Wireless research center, FedEx and Verizon Wireless.
The Oxford Court building at 2150 Kittredge Street is a five story, 25,565 sq. ft office building one block off of the University of California, Berkeley campus.
The proximity to campus makes it a convenient location for various UC Berkeley affiliated tenants. The building features an open deck for tenant use, easy access to public transit and ample natural light.
This premier downtown Berkeley building is located in the heart of the flourishing Arts District, and is within walking distance to BART. Originally built in 1987, 2030-2040 Addison is a 47,600 square foot office building featuring suites with ample glass finishes, operable windows and beautiful views.
Constitution Square is a four story, 32,450 sq ft. mixed-use office and retail building located in the heart of downtown Berkeley, one block from the UC Berkeley campus and steps away from the entrance to the Downtown Berkeley BART station. Retail tenants include AT&T wireless and Togo’s Sandwiches.
A value-added purchase of a 77-unit historic apartment complex situated on a 2.4 acre site. The unit mix is 27% studios, 53% one-bedroom units, 19% two-bedroom units and 1% three-bedroom units.
The property was only 50% occupied at the date of purchase and nearly 25% of the complex was uninhabitable due to poor management and lack of capital. The property was purchased as an REO from the prior lender.
Substantial rehabiliations of the property has been completed including upgrades to all common areas and unit interiors.
This 33 unit property was purchased in an “off-market” transaction. Immediately following purchase a $20,000/unit upgrade was implemented which resulted in a completely transformed community.
The upgrades included gating the community, enhanced lobby, addition of a fitness center, new exterior paint and upgrade of all unit interiors.
This historically significant building was initially constructed in 1867 and is on the National Register of Historical Buildings and is located in the Jackson Square/Barbary Coast Historical District of San Francisco. This two-story front brick building is typical of many buildings located in the District. Known as the Ghiradelli Annex, it maintains the prominent façade, flush with the sidewalk, that was common to many of the pre-1906 earthquake buildings. Through its finely detailed proportions and historic architectural elements, it contributes strongly to the historic sense of time and place and thus the overall character of the District.
Conveniently located between Berkeley’s main street, Shattuck Ave., and the UC Berkeley Campus, 2110 Kittredge is a three floor, mixed use building featuring retail on the ground floor and two floors of residential apartments above.
Retail tenants include Peet’s Coffee and T-Mobile.
A value-add purchase of a 288 unit apartment community, built in 1985, on a 11.3 acre site. The 288 units include 42% one-bedroom units and 58% two bedroom units.
The property was acquired at a significant discount to replacement cost, an attractive going-in yield, and an opportunity to significantly upgrade the common areas, amenities and unit interiors.
The capital improvement program included a completely renovated clubhouse, exterior paint, pool and spa upgrades, landscaping upgrades, a new perimeter fence, parking lot improvements, concrete and stairwell improvements, new playground equipment and unit renovations.
Seagate rebranded the property immediately after purchase as well.
A value-add purchase of a 220 unit apartment community, built in 1988, on a 7 acre site. The 220 units are arranged in 30 buildings with 100 townhome units and 120 flat-style units that include 63% two-bedrooms and 38% one-bedroom units.
The property was acquired from a lender that had foreclosed on the previous owner. The property had been capital starved and was in very bad condition.
Capital improvements included a full exterior paint, wood and balcony replacements, extensive landscaping upgrades, a new pool, and spa associated amenities.
A value-add purchase of a 150 unit apartment complex, built in 1969, situated on a 10.4 acre site.
Copper Chase provides a unique unit mix of 53% three-bedroom units, 30% two-bedroom units, and 17% one bedroom units. Located across the street from the 430,000 square foot Broadmoor Town Center, Copper Chase represented an attractive going in yield, a significant discount to replacement cost, and an opportunity to add and upgrade amenities, common areas and unit interiors.
Completed upgrades included a new pool, new volleyball court, fitness center, playground improvements, new dog park, exterior paint, roof replacements, landscaping upgrades and twenty percent (20%) of the unit interiors.
Seagate acquired Park Terrace Apartments and rebranded it as Fillmore Ridge Apartments.
This REO purchase completed in August 2010, encompassed a 115 unit apartment community offering a mix of studio, 1 bedroom, 2 bedroom and 3 bedroom floor plan alternatives.
Constructed in 1965-1967, Fillmore Ridge sits on 4.66 acres located in northwest Colorado Springs and borders I-25 on W. Fillmore Street.
Seagate completed a $700,000 renovation of the project that included a new management office, business and fitness centers, new windows throughout, exterior paint, façade improvements, enhanced exterior lighting, parking lot improvements, upgraded common areas and approximately 20% of the interior units received a facelift.
