4416-4420 Technology Drive, Fremont, CA 94538: Prime Commercial in the Heart of Silicon Valley
Representing one of the best-located commercial properties in all of Silicon Valley, the property at 4416-4420 Technology Drive in Fremont, CA 94538 is in one of the fastest-growing cities due to the burgeoning tech industry. It is a very good opportunity for technology companies, whether they be startups or well-established firms. This asset is situated in Bayside Technology Park and consists of over 100,000 square feet of quality office space, appropriately designed to meet the needs of tech-driven businesses.
Key Takeaways from the Article
- 4416-4420 Technology Drive, Fremont, CA 94538, is a prime commercial property located in the heart of Silicon Valley’s technology hub.
- Fremont, CA, is known for its thriving tech sector and proximity to major companies such as Tesla, Western Digital, and Lam Research.
- The property is located in the Bayside Technology Park, offering over 100,000 square feet of commercial space, suitable for tech companies and startups.
- Fremont’s strategic location, infrastructure, and growing business ecosystem make it a key area for companies looking to establish themselves in Silicon Valley.
- Real estate trends in Fremont indicate rising demand for commercial spaces, making this property a high-value asset for potential investors.
- Accessibility to major highways like I-880, the Warm Springs BART station, and proximity to both San Jose and Oakland airports add significant transportation advantages.
Overview of Property and Location
4416-4420 Technology Drive is within the diverse business community of Fremont, California. Rounding out as one of the major drivers of Silicon Valley’s technological advancement, Fremont encapsulates the headquarters and factories of Tesla, Lam Research, and Seagate Technologies.
Location Advantages
- Located in Bayside Technology Park
- Close proximity to Tesla Headquarters and Factory
- Easy access to Highway I-880 and I-680
- Close proximity to Warm Springs BART Station
- Close proximity to both San Jose International Airport and Oakland International Airport
Fremont’s Technology Corridor
The city of Fremont has gained sound recognition as a stronghold for technology. Due to its geographical advantage and infrastructure, many IT giants and production hubs are located within the city. With over 1,200 IT-related firms, Fremont’s commercial property has become one of the hottest spots, especially those that surround Technology Drive.
The following table provides some perspective on major businesses around the Technology Drive area:
| Business | Sector | Proximity to 4416-4420 Technology Drive |
|---|---|---|
| Tesla Motors | Electric Vehicles | 2.5 miles |
| Lam Research | Semiconductors | 3.0 miles |
| Western Digital | Data Storage | 4.0 miles |
| Seagate Technology | Hard Drives | 3.5 miles |
| Synnex Corporation | IT Services | 4.8 miles |
These companies have helped make Fremont one of the epicenter points in the Silicon Valley Area. The property at 4416-4420 Technology Drive is literally at the hub of this high-tech corridor. This affords unparalleled access to potential partnerships and other resources.
Commercial Real Estate Market Analysis for 4416-4420 Technology Drive
As of 2024, the commercial real estate market in Fremont remains uphill. According to Cushman & Wakefield, commercial spaces in Fremont have seen a year-over-year demand increase of 5% due to the rapid growth of tech companies and new start-ups.
Property Specifications
- Total Square Feet: 102,500 sq. ft.
- Zoning: Industrial/Commercial
- Year Built: 1999
- Property Type: Class A Office Space
- Parking: 300+ spaces
- Facilities: Conference rooms, high-speed internet, cafeteria, and lounge areas
Recent Market Trends
The commercial vacancy rate in Fremont currently stands at about 6%, showing a good balance between demand and supply. The average rent rates for office buildings comparable to those on Technology Drive reach from $35 to $45 per square foot per year. This asset is competitively priced and well-positioned to attract both established corporations and startups alike.
Why Choose 4416-4420 Technology Drive for Your Business?
Proximity to Silicon Valley’s Tech Giants
Proximity to some of the world’s major technology companies is one of the primary reasons businesses choose to locate here. Tesla and Lam Research headquarters are only minutes away, which makes operations a lot easier and more efficient for suppliers, manufacturers, and technical consultants. Companies in need of proximity to such partners would find this property suitable.
Infrastructure and Connectivity in Fremont
Excellent transport infrastructure, next to the highways; the property has easy logistical operations. Additionally, commutes to and from Fremont, both the greater Silicon Valley. The Bay Area are easily served by the Warm Springs BART Station.
Ease of Transport:
- Highways: Immediate access to I-880, I-680
- Public Transit: Warm Springs BART Station, 2.2 miles away
- Airports: San Jose International, 15 miles; Oakland International, 25 miles
Strong Pro-Business Atmosphere
The City of Fremont has historically fostered the growth of technology-based companies. With numerous incentives and a low-tax climate for business investments, Fremont is ideal for those seeking to keep overhead low without compromising access to resources.
Projected Future Growth within Fremont, CA
It was reported that, according to one estimation by the Silicon Valley Economic Development Agency, from 2023 onwards, Fremont is set to grow at an average annual growth rate of 3.5% in the technology sector until the year 2030. With its business-friendly policies, strong infrastructure, and educational ecosystem, Fremont attracts more businesses each year.
Real Estate Appreciation: Property values in Fremont have increased at a rate of 8% annually for the last five years. Owing to increased demand from technology-related office spaces, properties within its class-including 4416-4420 Technology Drive-are poised for growth in value in the foreseeable future.
Nearby Amenities and Lifestyle
The immediate area surrounding Technology Drive itself enjoys a number of amenities that benefit employees and complement the workplace. Examples include
- Restaurants: Over 30 restaurants are within 3 miles and serve everything from American, Asian, and Mediterranean cuisine.
- Hotels: Marriott, Hyatt, and Hilton are major hotel chains.
- Shopping: Pacific Commons Shopping Center-retail, dining, and entertainment only 3 miles away.
- Recreation: Fremont Central Park and Lake Elizabeth-four miles away for some outdoor fun and relaxation.
Frequently Asked Questions About 4416-4420 Technology Drive
What is the size of the building and lot at 4416-4420 Technology Drive?
The property is 102,500 square feet and has been labeled as Class A office space.
Is this location in a place that has ample parking?
Yes, the property contains over 300 parking spots, sufficient for employees and visitors alike.
What kind of businesses would suit this location?
This is a suitable property for technology companies, startups, manufacturing units, and other industrial-commercial enterprises.
How accessible would public transportation be?
The property is 2.2 miles away from the Warm Springs BART Station; employees can avail fully of several public transit options available.
Are there restaurants around the property?
Yes, there are over 30 restaurants within a radius of 3 miles, catering to a range of food specialties for employees and visitors.
Investment Potential of 4416-4420 Technology Drive
Investing in this property would be beneficial in both the short and long run. In a place like Fremont, where the tech industry is performing exceptionally well, properties within the region are in high demand. Investors can enjoy rentals well through income along with appreciation of the property over time.
Projected ROI: Based on the average annual rental increase of 3% and the projected property value growth of 8%, investment in 4416-4420 Technology Drive promises a very rewarding investment opportunity for commercial real estate investors.
Conclusion
4416-4420 Technology Drive, Fremont, CA 94538, is a highly valuable commercial property located in the heart of Silicon Valley’s tech corridor. Its proximity to major tech companies like Tesla and Lam Research, combined with excellent transportation infrastructure and access to amenities, makes it an ideal location for businesses seeking growth and strategic positioning. With Fremont’s robust tech industry, favorable business environment, and rising real estate values, this property presents a strong investment opportunity for both established corporations and emerging startups. Whether you’re looking to establish a headquarters or secure a long-term commercial asset, 4416-4420 Technology Drive offers both immediate functionality and future growth potential.
