Healthcare

Ardenwood Portfolio

Fremont, CA

At a Glance

  • Year Built

    1990
  • Square Feet

    132,000

The properties consist of two life science/R&D buildings located in the Ardenwood submarket of Fremont, California.

Investment Rationale

  • The properties are 100% leased to three tenants that focus on life sciences, medical devices and electronics R&D, with a weighted average lease term of 7.3 years.

  • The San Francisco Bay Area is the #2 life science market in the US by SF and #1 for “Innovation Score.”

  • The market has realized tremendous job growth that is projected to continue into the future.

  • Demand for space in the area has been spurred by a combination of $20B in Bay Area VC investment in 2021 and a robust cluster of nearby research institutions. The pandemic has increased both consumer and investor interest in life sciences research.

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Training area with desks
Front of building showing parking
Aerial view
Entrance area