1285-1295 Boulevard Way, Walnut Creek, CA 94595
12,416 SF | 81% Leased | Retail Building | Walnut Creek, CA 94595 | $2,800,000 ($226/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,800,000
- Property Type
-
Retail
- Square Feet
- 12,416 SF
- Price / Square Foot
- $226
Listing Contacts
Mike Zylstra
Verified Profile
Forrest Gherlone
Verified Profile
Matthew Clark
Verified Profile
Max Gunari
Verified Profile
- Property Info
Property 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.
Property Details
- Class
- C
- Year Built
- 1947
- Stories
- 2
- Property Subtype
- Storefront Retail/Office, Freestanding, Office/Residential
- Lot Size (sq. ft)
- 33,977 SF
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
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