Berkeley Retail for Sale - Oakland-North
The Caliber Collision offered here is located at 3207 Shattuck Avenue in Berkeley and 6618 Shattuck Avenue in Oakland. The property features a single-story masonry industrial building constructed between 1916 and 1929 and extensively renovated over time. The sloped asphalt shingle roof was replaced in 2019. The building offers direct access from Shattuck Avenue via three large roll-up doors, providing excellent operational functionality and visibility along one of Berkeley’s primary commercial corridors.
The property is 100% leased to Caliber Collision under a 15-year triple-net (NNN) lease, with approximately 10 years of initial term remaining. The lease includes 10% rental increases every five years throughout the base term and during two additional five-year extension options, providing built-in income growth and inflation protection. Caliber Collision, founded in 1997, operates more than 1,800 locations across 41 states and is one of the nation’s leading providers of collision repair services. In 2025, the company filed for an initial public offering to support continued growth and expansion, further reinforcing the tenant’s long-term corporate trajectory.
The investment is further strengthened by an in-place rental rate of $15 per square foot, which is below prevailing market rents for comparable industrial properties in this highly constrained East Bay submarket. This positioning provides investors with both strong downside protection and future mark-to-market potential.
Situated on a 17,630 square foot parcel, the Berkeley property offers significant intrinsic land value. With recent development land trades in Berkeley exceeding $500 per square foot, the site presents a compelling long-term redevelopment opportunity. The property’s location within approximately 0.25 miles of the Berkeley BART station places it within transit-oriented development parameters consistent with SB-79 guidelines, allowing for densities up to 120 units per acre and heights up to 70 feet (subject to buyer verification). This creates a clear and valuable exit strategy upon lease expiration.
The Berkeley location benefits from its prominent positioning along Shattuck Avenue, one of the city’s primary thoroughfares. Berkeley is internationally recognized as the home of the University of California, Berkeley—one of the world’s leading public research universities. The presence of UC Berkeley creates a resilient, innovation-driven local economy supported by a consistent population of students, faculty, researchers, and affiliated institutions. The surrounding market is further bolstered by a concentration of technology, biotech, and research enterprises throughout the East Bay.
This offering provides investors the opportunity to acquire a core Bay Area asset with durable income, contractual rent growth, limited management responsibilities, and substantial long-term intrinsic value in one of Northern California’s most supply-constrained markets.
