22225 Foothill Blvd - Office FOR SALE


Hayward, CA 94541- North Hayward
$4,420,000 USD
510-926-9048
22225 Foothill Blvd, Hayward, CA for Sale
$4,420,000 USD
Office - FOR SALE
1/12
null | 6.58% Cap Rate

22225 Foothill Blvd
Hayward, CA 94541
North Hayward


HIGHLIGHTS

  • Government Tenant with AAA Credit Rating (S&P, Moody's, Fitch)
  • Long Term County Occupancy
  • Proximity to New Development, Downtown, Major Interstates

OVERVIEW

Centennial Square is a government-leased, single-tenant office property located at 22225 Foothill Boulevard in the heart of Hayward, California. The property is leased to the County of Alameda through 2029, providing a secure, government-backed income stream. The County has maintained a presence at Centennial Square in various capacities since 1997, reflecting a long-term operational commitment to the site. Most recently, the County relocated its Veterans Service Office to the subject property from their former office in Oakland, consolidating operations within a centrally located, modern facility. Positioned along Foothill Boulevard, one of Hayward’s main commercial corridors, Centennial Square offers strong visibility and excellent regional access. The property lies less than one mile from both Interstate 580 and Interstate 880, allowing direct connectivity throughout the East Bay and into Silicon Valley. It sits immediately adjacent to Lincoln Landing, a large-scale mixed-use redevelopment featuring new retail, restaurants, and over 470 residential units, and is within close proximity to Downtown Hayward, the BART station, and City Hall, anchoring it within the city’s civic and commercial core. The County of Alameda is an exceptional tenant, rated AAA by Fitch, S&P and Moody's, supported by a $6.1 billion annual budget and consistent fiscal discipline. The Veterans Service Office is an essential government function, mandated by state law to assist veterans and their families with benefits and support services, and its operations are fully funded through the County’s General Fund. Centennial Square offers an attractive yield and pricing well below replacement cost, positioning it competitively relative to comparable commercial assets in the Hayward and greater East Bay markets. With a secure lease through 2029, nearly three decades of County occupancy, and a location benefiting from major surrounding redevelopment, the property presents investors with a low-risk, durable cash flow opportunity backed by one of California’s strongest county credits.

FOR SALE DETAILS

PRICE

$4,420,000 USD

PRICE/SF

$276 USD /SF

CAP RATE

6.58%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Centennial Square

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

CN, Hayward

APN/PARCEL ID

428-0021-054-02

ASK ABOUT THIS PROPERTY

Quentin CarusoMarcus & MillichapMore Info
510-926-9048

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Quentin CarusoMarcus & MillichapMore Info
510-926-9048

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