2411 Stanwell Dr - Office FOR SALE


Concord, CA 94520- Concord/Pleasant Hill
$6,500,000 USD
925-988-0502
2411 Stanwell Dr, Concord, CA for Sale
$6,500,000 USD
Office - FOR SALE
1/9
null | 7% Cap Rate

2411 Stanwell Dr
Concord, CA 94520
Concord/Pleasant Hill


HIGHLIGHTS

  • 7% CAP RATE AT ASKING PRICE.
  • SELLER WILL CONSIDER CARRYING FIRST LOAN AT 6% FIXED, INTEREST ONLY, DUE IN 3 YEARS.
  • SIGNIFICANT AD VALUE COMPONENT THROUGH LOT SPLIT, COMMERCIAL CONDO CONVERSION OR COVERED LAND PLAY.
  • RECENT $1.3M+ IN IMPROVEMENTS INCLUDING NEW ROOFS
  • IMMACULATE COMPLEX OWNED BY THE SAME FAMILY FOR DECADES

OVERVIEW

Redwoods Business Center II is a five-building office campus totaling approximately 56,803 s.f., currently sitting on one legal parcel of approximately 2.84 acres (123,710 s.f.). Property tax records indicate that four of the buildings were constructed in 1972, while one building was built in 2001. The first four buildings constructed are single story, while the most recent building is two-story. Highlights: • 7% Cap rate and $118/s.f. at asking price AT BELOW MARKET RENTS • SELLER WILL CONSIDER FINANCING AT 6% FIXED, INTEREST ONLY FOR 3 YEARS • Possible commercial condominium, lot split, or covered land play opportunities • Impeccably maintained asset with operational upside potential (unclaimed reimbursements) • Strong occupancy history for decades • Irreplaceable location close to transportation, shopping, business centers and Buchanan Field • One building with $1.3M of recent, significant upgrades and improvements The Redwoods Business Center II is in Concord, California, one of the most populous cities in Contra Costa County (124,074 in 2021). Twenty-nine miles northeast of San Francisco and twenty-two miles northeast of Oakland, Concord was incorporated as a city in 1905 and features beautiful views of Mt. Diablo from points throughout the city and proximity to Lime Ridge Open Space. It is home to two BART stations, California State University East Bay, Todos Santos Plaza, Sun Valley Mall, John Muir Medical Center, Concord Naval Weapons Station (currently under a reuse plan for future development), Concord Pavillion, Six Flags “Hurricane Harbor” Water Park, Pixieland Amusement Park, and Buchanan Field Regional Airport. A bedroom community for over 40 years, it has evolved and become home to many diverse businesses. Some of the largest employers include Bank of America, Mt. Diablo Unified School District, Chevron Credit Center, John Muir Medical Center, Conco Cement, Costco, T-Mobile, Home Depot, Contra Costa Water District, and BART.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Redwoods Business Center II

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, R&D

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

172

LAND DETAILS

LAND ACRES

2.84 AC

LAND SF

123,710 SF

ZONING

OBP

APN/PARCEL ID

112-260-006-5

ASK ABOUT THIS PROPERTY

Shawn WillisIncome Property Services A.G.More Info
925-988-0502

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Shawn WillisIncome Property Services A.G.More Info
925-988-0502

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