Seagate Properties

A Real Property Investment & Operating Company

Property Management

2080 Enterprise

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Seagate Properties added this Sacramento industrial asset to its portfolio in March 2023. Originally built in 1979, 2080 Enterprise Blvd was remodeled when Hunter Douglas Fabrication acquired it in 2011. Consisting of ~208,000 square feet on 12.55 acres, it has 28,000 sf dedicated for office use, 297 parking spaces, 22’-28’ clear height, 20 dock-high doors, an insulated deck, skylights, HVAC, and a desirable 55,000 sf excess yard situated in an Opportunity Zone in the highly desirable West Sacramento submarket in the Port Sacramento Industrial Park. 

Seagate plans to spend $4 to $6 million on additional property upgrades, including a new roof and dock equipment as well as new paint and lighting and addressing deferred maintenance which will provide an immediate value-add opportunity with the rising rents in W. Sacramento. The side yard on the property will be paved to create space for additional storage, giving it yet another attractive feature. While perfect for a single use tenant, alternative plans would be to split-up the building to house multiple tenants.

Warm Springs Industrial Park

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Seagate was looking to expand its industrial portfolio, specifically in the Fremont market, and the Warm Spring Industrial Park opportunity fit with its diverse mix of tenants in a central location. Added the portfolio in 2021, this Class B flex R&D warehouse park offers two-buildings containing a total of 141,500 SF on two parcels located in close proximity to highways I-880 and I-680 and the new Warm Springs BART Station.

Each building is equipped with heavy power, up to 19’ clear height warehouse space, oversize drive-in loading, newly refurbished roof, 100% HVAC and 30% dedicated to office space which includes open bullpen, conference rooms, private offices along the window line, and lunch and break rooms.

At the time of its acquisition, the tenant portfolio was 75% leased to 5 tenants averaging approximately 20,000 SF each. In just three months Seagate successfully leased both vacant units for a 100% leased status by year-end.

Paradise Point Business Park

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Seagate added this conveniently located Central Marin County Class “A” six-building office campus in 2021. Paradise Point Business Park is exceptionally located right across from Hwy 101 and South of I-580, just 10 miles North of San Francisco in the affluent town of Corte Madera.

It is home to Restoration Hardware main office and offers abundant landscaping and numerous outdoor gathering areas that creates a “campus” feel, as well as 334 parking spaces.

700 Crocker

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Seagate added this 843,000+ sq. ft cross-deck warehouse project to its property management portfolio in December 2020. Solano County has quickly emerged as one of the most desired big-box industrial markets in the North Bay area and 700 Crocker is Northern California’s largest contiguous center with over 19 acres under one roof and its truck-pavement covers 75 acres.

While modern warehouses have 186 feet deep of paving for truck storage, this project has 300 feet! The warehouse also has a 30-foot clear height for vertical storage, a three-bay truck maintenance facility and a 30,000 sq. ft cross-dock sorting facility with 32 dock-high doors.

Located half-way between Sacramento and San Francisco on Interstate 80, 700 Crocker has access to the Central Valley via Interstate 505 and to the East Bay via interstates 80 and 680.

2716 Santa Rosa

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Seagate has been managing 2176 Santa Rosa Avenue since 1991. It was the home of Pier 1 Imports for 32 years and now serves as Lumber Liquidators’ home as of 2021.

Located off Hwy 101 in the main retail hub of Santa Rosa, this free-standing one story 10,500 sq. ft. asset sits on 1.12 acres, has 78 parking spaces, multiple signage opportunities and ability to demise, allowing for a range of uses from retail medical, fitness, food and more.

Shattuck Square

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Seagate added this Berkeley landmark office building to its property management portfolio in 2016. With abundant light, stunning large window views of history architectural detail, Shattuck Square is in close proximity to numerous restaurants, shops and services and located one block from U.C. Berkely, BART Station and major bus lines.

755 & 775 South Point

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Seagate added 755 and 775 Southpoint Blvd to its property management portfolio in 2019. These two free-standing industrial buildings were built in 1993 and provide excellent loading capabilities, clear height, and ample truck and car parking.

755 Southpoint consist of 88,466 sf of which approximately ±62,000 sf is fully temperature-controlled space, and 775 Southpoint consists of 95,578 sf. This project is centrally located in Southern Sonoma County with Highway 101 visibility, close to Redwood Business Park and downtown Petaluma with ample amenities.

South Sparks Industrial Park

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The South Sparks Industrial Park portfolio is a seven building, 585,000 SF property on four parcels located just south of Interstate 80 in Sparks Nevada at Kleppe Lane and Sparks Boulevard. The project is five miles from downtown Reno and five miles from the Reno-Tahoe International Airport.

At the time of its acquisition, the tenant portfolio was 100 percent leased to 24 tenants averaging approximately 24,000 SF each. Seagate was looking to expand its industrial portfolio, specifically in the greater Reno market, and this opportunity fit with its diverse mix of tenants in a central location.

This acquisition is Seagate Properties’ second recent investment in Northern Nevada — in late 2017, the company purchased Northtowne Summit, a 220-unit multi-family property, in Reno.

810-830 Meredith

910-990 Kleppe

980-988 Packer

1400-1440 Kleppe

1420-1470 Kleppe

1480-1498 Kleppe

The Harbors

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Seagate Properties added this premier Class A multi-tenant office campus to its portfolio in 2019. Built in 1982 and consisting of 114,000 sf, this recently renovated, institutional-quality two-building project is located at 1 and 3 Harbor Drive in Sausalito, California.

Meticulously maintained and tastefully upgraded, each building at The Harbors contain three floors where tenants enjoy a shared conference room, indoor secured bike storage, a courtyard with wifi, car charging stations, on-site showers, and on-site property management. This peaceful office environment provides a sense of community and soul that matches the rich, colorful history of Sausalito.

Located in the affluent Southern Marin waterfront community less than four miles north of the Golden Gate Bridge, this incredible seaside campus is just a ferry ride to downtown San Francisco, an 8-minute bike ride to downtown Sausalito for amenities including retail shops and restaurants, walkable access to the surrounding hills and harbor, and several suites include balconies that allow tenants to take advantage of Sausalito’s year-round temperate climate.

Creekside Oaks

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Creekside Oaks, an attractive investment and institutional-quality asset with a strong multi-tenant roster, is located at 1740-1760 Creekside Oaks Drive in the South Natomas submarket of Sacramento. It is well positioned near Interstates 5 and 80 and only a five-minute drive to Downtown Sacramento.

The complex comprises three buildings featuring large, flexible floor plates that accommodate office suites ranging from 1,000 to 30,000 square feet. The business park has onsite amenities, including a deli, a conference center, an on-site management office, showers and electric car charging stations. Tenants at Creekside enjoy this affordable and professional office park alternative to Downtown Sacramento.

The Senator

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The Senator, a 10-story, 180,123 sf historic landmark office building is located at 1121 L Street in Sacramento and directly across from the State Capitol and was added to the Seagate portfolio in December 2018. First opened in 1924, it was officially recognized as Hotel Senator until 1979, serving as a nexus of California political and social activity for more than 50 years, before it was converted to a multi-tenant office building in 1982. It reopened under the name Senator Hotel Office Building, giving lobbyists immediate access to California’s state politicians.

The property is on the National Registry of Historic Places and was designated in the Italian Renaissance style, with a large, high-ceilinged lobby and reception area and is centrally located in Downtown Sacramento with abundant shopping and dining, approximately five blocks from the new Golden 1 Center (Sacramento Kings arena), and one black from the Sacramento Convention Center and Community Center Theater, both of which will be undergoing a $300+M renovation which should greatly enhance the property’s immediate surroundings.

The previous owner acquired the building in 2015 and began a substantial renovation program to update the building’s vacant tenant spaces to appeal to creative office space users. Seagate immediately commenced upon a major restoration of the historic façade and continues the creative office improvements to vacant tenant spaces. Additionally, Seagate has made many other upgrades, including lobby updates, new outdoor patio upgrades, common area upgrades, and a new bike storage facility and a new conference center. Showers and a fitness center are planned to be completed in 2021.

80 Grand

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Seagate recapitalized and purchased a controlling interest in the ownership of a multi-tenant, Class B medical office building located at 80 Grand Avenue in Oakland, California in November 2017. This unique property is located in the Uptown neighborhood of Oakland at the prominent intersection of Broadway and Grand Avenue.

Just three blocks from the 19th Street BART station and three blocks from Lake Merritt, 80 Grand consists of one nine-story office building totaling 44,157 RSF on 22,182 square feet of land area. The steel framed building was developed in 1968 and features an aluminum and glass exterior skin. From 2006-2009 the Property underwent significant upgrades, including asbestos abatement, new building heating and cooling systems, a new surgery center, and tenant improvements.

80 Grand includes surface parking on a 9,258 SF parcel of land adjacent to the building where Seagate plans to entitle a Class A high-rise multi-family development of up to 275 units. Seagate also plans to make a significant renovation of the property in order to lease the nearly 40% vacancy at the time of acquisition.

Upgrades to the lobby and exterior plaza are planned, in addition to addressing of deferred maintenance and improvements to vacancies. Upon completion of the building improvements and land entitlement process 80 Grand will realize a significant increase in market value.

The Atrium

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Built in 1983, the three-story aluminum and glass clad office building is designed around an open-air atrium, which recently underwent a $300,000 renovation and serves as a central gathering area for tenants, complete with Wi-Fi, new hardscape, updated water feature, and modern furniture. Other recent capital improvements include new signage, lighting, and the installation of an EV charging station. Seagate plans to continue with upgrades to the property and tenant spaces in order to lease up the current vacancy and retain existing tenants as leases expire.

Rafael North Executive Park

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North Redwood Executive Park offers hilltop views overlooking the Northgate area of San Rafael and is the perfect small business executive park location! Located 12 minutes from central San Rafael, 3 minutes from the San Rafael airport, and 30 minutes from the John F McInnis County Park, 165-185 N Redwood is a serene, professional office building with easy Smith Ranch Road and Highway 101 freeway access.

Rafael North Executive Park offers operable windows, a courtyard square, and two large conference rooms facilitates for its tenants. Professionally maintained and managed with ample parking available.