Emeryville has been spotlighted by listing a significant real estate asset. The facility at 6440 Shellmound St., fully wired and functioning as a data center, has been placed on the market by Starboard CRE, a premier commercial real estate firm in San Francisco, with the asking price of $6,500,000. Fully leased to Lumen Communications, LLC under a solid triple-net lease through 2026, the property has been a vital telecommunications hub since the dawn of the new millennium.
"We’re thrilled to bring this exceptional property to market," said Craig Hansson, managing principal at Starboard, in a statement obtained by ConnectCRE. Hansson pointed out the rarity of finding such a well-equipped facility already integrated into the Bay Area’s tech ecosystem. Potential buyers are looking for a turnkey opportunity to establish or beef up their data operations with minimal fuss.
The building is located at 6440-6490 Shellmound in Emeryville, CA, and encompasses 11,264 square feet of space. Beyond its ongoing lease, the property is poised as a strategic location, notably for its windowless design, which aids in efficient temperature control—vital for telecommunications equipment. The site has maintained its significance in the global communications network for over two decades as a key location for CenturyLink.
The bay's mild climate is pivotal in minimizing operational costs, particularly cooling expenses, a continual concern for tech facilities. According to Starboard CRE, the strategic value of this property has stood the test of time, thanks in part to its design and location. The current lease’s impending conclusion also presents a unique opportunity for prospective buyers considering an owner-user arrangement.
