Commercial Real Estate Site Profile: Chase Center June 10, 2019 Commercial Real Estate, Site Profile By: Jason Holte Share: TwitterFacebookLinkedInEmail The NBA’s Golden State Warriors have played their last game in Oakland. Let’s take a look at the property that will house their new arena, Chase Center, using LandVision™. Starting next season, the Golden State Warriors will have a new home. Designed by MANICA Architecture and developed by Clark Construction, Chase Center will be a state-of-the-art arena capable of hosting over 18,000 fans in its basketball configuration. In addition, Cushman & Wakefield is currently leasing space in an adjacent 11-acre retail and entertainment district. Chase Center Construction, August 2018 The team’s move from Oakland to the San Francisco waterfront, less than a mile from Oracle Park, represents a significant shift in the Bay Area sports landscape. For commercial real estate professionals in San Francisco, the entertainment district is also an attractive opportunity for retail and dining clients who may want to capitalize on the crowds that will begin gathering at Chase Center this fall. However, presenting this opportunity to clients requires a thorough understanding of the surrounding area and its unique characteristics. We’re in the location intelligence business, so naturally we’re curious about this new site and the surrounding market. Using our map-based real estate application, LandVision, here’s what we were able to uncover about Chase Center: Chase Center Site Profile About the Property: A quick address search in LandVision allows us to locate Chase Center and begin reviewing detailed property and tax information in minutes. For detailed analysis, and to present our findings, we can also generate an in-depth site profile report with a single click. Here are a few of the things that we learned about Chase Center: Property Owner: GSW Arena LLC Property Size: 10.92 acres Lot Square Footage: 475,880 sq. ft. Land Use Category: Recreational Land Use Description: Recreational/Entertainment County Use Code Description: Entertainment Complex Total Assessed Value: $659,966,629 Property Tax: $9,247,632 Tax Year: 2018 Located in an Opportunity Zone? No About The Surrounding Area: LandVision also gives us the ability to access detailed demographic information for the area surrounding Chase Center. Here are some of the key characteristics of the area within a one-mile radius of the new arena: Current Population: 22,173 Estimated Growth: 5.12% Median Age: 36 Median Household Income: $150,548 Total Consumer Expenditures: $959 million Total Employees: 56,369 Total Establishments: 2,240 Learn More: LandVision enables commercial real estate professionals to research properties quickly and efficiently, giving them the power to discover off-market opportunities and win more deals. Schedule a free demo to see our commercial real estate solutions in action!
