2099 Mount Diablo Blvd - Office FOR SALE


Walnut Creek, CA 94596- Downtown Walnut Creek
$8,215,000 USD
925-963-9766
2099 Mount Diablo Blvd, Walnut Creek, CA for Sale
$8,215,000 USD
Office - FOR SALE
1/5
null | 7% Cap Rate

2099 Mount Diablo Blvd
Walnut Creek, CA 94596
Downtown Walnut Creek


HIGHLIGHTS

  • Prominent two-story retail/office building along Walnut Creek’s primary gateway corridor
  • The Property has undergone significant capital improvements, including modernized building systems, updated finishes, and enhanced tenant spaces
  • Anchored by R&A Cycles which has occupied the entire ground floor since 2019, recently extended their lease for ten years
  • A mix of retail and office tenants, staggered lease expirations mitigate rollover risk and broadens the Property’s appeal within a dynamic submarket
  • With 100% occupancy 2099 Mt. Diablo Blvd. represents a rare opportunity to acquire a desirable mixed-use asset
  • Currently 100% leased to eight tenants across retail and office uses, offering consistent, durable cash flow

OVERVIEW

Newmark, as exclusive advisor, is pleased to present 2099 Mt. Diablo Blvd., a 100% fully leased ±20,198 square foot two story retail/office building located in Walnut Creek, California. The Property offers investors the opportunity to acquire an excellent, income-producing property along one of the city’s most visible and heavily trafficked corridors. 2099 Mt. Diablo has benefited from a comprehensive renovation program totaling more than $1.6 million, enhancing its appeal to tenants. These improvements have resulted in broad tenant appeal and longterm leasing durability proven by its 100% occupancy. The Property is currently leased to eight tenants, providing investors with consistent cash flow backed by a weighted average lease term of over six years. The property is anchored by R&A Cycles, which leases the entire ground floor retail space for another 10 years. Situated on Mt. Diablo Boulevard (34,000+ ADT), the Property benefits from excellent visibility and access, serving as a prominent entry point to Walnut Creek’s downtown shopping and dining district. The site is immediately adjacent to the Highway 24 on- and off-ramps and less than half a mile from I-680, providing direct regional connectivity to Lamorinda, Oakland, San Francisco, and the greater Bay Area.

FOR SALE DETAILS

PRICE

$8,215,000 USD

PRICE/SF

$407 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

79

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

O-C, Walnut Creek

APN/PARCEL ID

184-042-001-0

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 Notice.