Redwoods Business Center II
56,803 SF | 100% Leased | Office Building | Concord, CA 94520 | $6,500,000 ($114/SF) | 6.60% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,500,000
- Property Type
-
Office
- Square Feet
- 56,803 SF
- Price / Square Foot
- $114
Listing Contacts
Shawn Willis
Verified Profile
- Property Info
Property Overview
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 in 1905, featuring beautiful views of Mt. Diablo 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 Pavilion, 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.
Redwoods Business Park 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:
ADDRESS: 2401-2411 Stanwell Drive, Concord, CA 94520
APN: 112-260-006-5
SIDING: Stucco and wood
ROOF: TPO and Shingle
FOUNDATION: Concrete slab
BUILDING S.F: 56,803 +/- (per Contra Costa County Tax Assessor)
LOT S.F: 2.84 acres+/- (per Contra Costa County Tax Assessor)
YEAR BUILT: 1972 and 2001
PARKING: 172 spaces
Tenant and lease information available after non-disclosure agreement is completed and approved. Please contact listing broker for the NDA.
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 Pavilion, 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.
Redwoods Business Park 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:
ADDRESS: 2401-2411 Stanwell Drive, Concord, CA 94520
APN: 112-260-006-5
SIDING: Stucco and wood
ROOF: TPO and Shingle
FOUNDATION: Concrete slab
BUILDING S.F: 56,803 +/- (per Contra Costa County Tax Assessor)
LOT S.F: 2.84 acres+/- (per Contra Costa County Tax Assessor)
YEAR BUILT: 1972 and 2001
PARKING: 172 spaces
Tenant and lease information available after non-disclosure agreement is completed and approved. Please contact listing broker for the NDA.
Property Details
- Class
- B
- Year Built
- 1972
- Stories
- 1
- Lot Size (sq. ft)
- 123,710 SF
Highlights
- Possible commercial condominium conversion to separate buildings
- Value added potential in low rents and uncollected expenses
- One family owned for decades and impeccably maintained
- Irreplaceable location close to transportation, Buchanan Field Airport, and business centers
- Immaculate property with pride of ownership details
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