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Hercules Business Center II 600 Alfred Nobel Dr 11,061 SF Office Building Hercules, CA 94547 $5,763,914 CAD ($521.10 CAD/SF) 6.27% Cap Rate
Investment Highlights
- 10-year lease with Chahal & Associates, LLC – in business over 22 years, founded 2003
- Tenant invested approximately $1,200,000 in high-quality custom improvements during 2020 full remodel
- 14 covered parking stalls in gated lot below building with additional shared parking via reciprocal agreement
- Low-management modified net lease – tenant pays all operating costs directly except property tax, which is reimbursed
- Two five-year renewal options with 2% annual increases
- Central location with easy freeway access to I-80, Highway 4, and I-680; walkable amenities nearby
Executive Summary
Newmark, as exclusive advisor, is pleased to present the opportunity to acquire 600 Alfred Nobel Drive (the “Property”), an approximately 11,061 square foot freestanding two-story office condominium in Hercules, California.
The Property is 100% leased on a modified net basis to Chahal & Associates, LLC through April 3, 2035. The lease is guaranteed by Earned Wealth Holdings, L.P., a PE-backed financial services firm serving nearly 19,500 clients with approximately $3.4 billion in assets under management.
Earned Wealth Holdings acquired Chahal & Associates in April 2025 and has since raised over $200 million in growth equity from Summit Partners and Silversmith Capital Partners. The guarantor’s institutional backing provides meaningful credit enhancement to the lease obligation.
The tenant invested approximately $1,200,000 in high-quality interior improvements in 2020, reflecting a deep commitment to this location. The building includes an elevator, fire sprinklers, ample parking including 14 covered stalls in a gated lot below the building, and is centrally located with convenient access to Interstate 80, Highway 4, and Interstate 680.
The Property is 100% leased on a modified net basis to Chahal & Associates, LLC through April 3, 2035. The lease is guaranteed by Earned Wealth Holdings, L.P., a PE-backed financial services firm serving nearly 19,500 clients with approximately $3.4 billion in assets under management.
Earned Wealth Holdings acquired Chahal & Associates in April 2025 and has since raised over $200 million in growth equity from Summit Partners and Silversmith Capital Partners. The guarantor’s institutional backing provides meaningful credit enhancement to the lease obligation.
The tenant invested approximately $1,200,000 in high-quality interior improvements in 2020, reflecting a deep commitment to this location. The building includes an elevator, fire sprinklers, ample parking including 14 covered stalls in a gated lot below the building, and is centrally located with convenient access to Interstate 80, Highway 4, and Interstate 680.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
11,061 SF
Building Class
B
Year Built/Renovated
2006/2020
Price
$5,763,914 CAD
Price Per SF
$521.10 CAD
Cap Rate
6.27%
NOI
$361,518 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,531 SF
Building FAR
0.21
Lot Size
1.22 AC
Zoning
M, Hercules - PO/RD Planned Office - Research & Development mixed use
Parking
15 Spaces (1.36 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Central Heating
- Natural Light
- Drop Ceiling
- Air Conditioning
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 404-720-013-6 | Improvements Assessment | $3,468,545 CAD |
| Land Assessment | $1,163,753 CAD | Total Assessment | $4,632,298 CAD |
Property Taxes
Parcel Number
404-720-013-6
Land Assessment
$1,163,753 CAD
Improvements Assessment
$3,468,545 CAD
Total Assessment
$4,632,298 CAD
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Hercules Business Center II | 600 Alfred Nobel Dr
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