Ardenwood Portfolio

Fremont, CA

Acquired September 2022

At a Glance

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.

Property Gallery