1285-1295 Boulevard Way - Storefront Retail/Office FOR SALE


Walnut Creek, CA 94595
$2,100,000 USD
925-963-9766
1285-1295 Boulevard Way, Walnut Creek, CA for Sale
$2,100,000 USD
Storefront Retail/Office - FOR SALE
1/3
null | Request Cap Rate

1285-1295 Boulevard Way
Walnut Creek, CA 94595


HIGHLIGHTS

  • 1295 Boulevard Way is 72% leased to seven tenants across 12 suites, providing an immediate income stream with room for increased occupancy.
  • 1285 Boulevard Way is entirely vacant, offering approximately 7,400 square feet of potential office space.
  • The property offers substantial potential for enhancement and income growth, with one building currently vacant and the other partially leased.
  • The property is ideal for an owner/user who can occupy all or a portion of the space, while leasing the remaining space to generate additional income.
  • P-1 zoning allows for a variety of flexible uses

OVERVIEW

Newmark, as the exclusive advisor, is pleased to present an opportunity to acquire two adjacent office buildings located at 1295 and 1285 Boulevard Way in Walnut Creek, California. The Property comprises approximately ±12,416 square feet across two two-story buildings situated on a single 0.78-acre parcel. The building at 1285 Boulevard Way is currently vacant and could be demolished for additional parking. 1295 Boulevard Way is is scheduled to have a new roof installed in August/September 2024. It is currently 72% leased to seven tenants at below market rents with short remaining lease terms. The leases provide a new owner flexibility to redevelop, re-tenant or occupy all or a portion of the building. This offering presents a prime value-add opportunity with substantial onsite parking, making it an ideal investment for an owner/user or an investor looking to enhance the property’s value.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

P-1

APN/PARCEL ID

185-370-010-0

ASK ABOUT THIS PROPERTY

Mike ZylstraNewmarkMore Info
925-963-9766

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Mike ZylstraNewmarkMore Info
925-963-9766

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.