3373-3375 Mount Diablo Blvd - Loft/Creative Space FOR SALE


Lafayette, CA 94549- Trails Area
$2,499,000 USD
510-295-3251
3373-3375 Mount Diablo Blvd, Lafayette, CA for Sale
$2,499,000 USD
Loft/Creative Space - FOR SALE
1/30
null | 6.95% Cap Rate

3373-3375 Mount Diablo Blvd
Lafayette, CA 94549
Trails Area


HIGHLIGHTS

  • Stabilized Pride of Ownership Property
  • Small and Centrally Located Lafayette CA Investment Property with Seasoned Tenants
  • Perfect for 1031 or Local Investor
  • Future upside with conversion to NNN leases or use by Owner-User
  • https://lafayetteglasscompany.com/
  • https://premierkitchens.net/

OVERVIEW

This beautiful pride of ownership property is located centrally on Mt Diablo Blvd in Lafayette, CA and comes with two long term quality local businesses as tenants. The bite sized investment is stabilized with modified gross leases expiring in 2028 and 2030, providing a Buyer with the flexibility to occupy some or all of the property at a future time, convert leases to NNN structure, and/or renew and continue to enjoy the exiting income. Great opportunity for 1031 exchange or local investors too. Existing tenants have invested significantly in improvements / customization of the space, as is evident from attached photos. Building has multiple meters and restrooms as well, providing the additional opportunity to split into multiple units in the future should one wish to do so. Flexible C1 zoning permits a variety of uses - please check with the City of Lafayette for details. Very convenient to HWY 24, the Lafayette Park Hotel, downtown Walnut Creek, Whole Foods, Trader Joe's, BART and much more. New roof in 2020 Entry from Mt Diablo Blvd to upper level and from Dyer Road to lower level. There is interior stairwell access also. Off-street parking / loading on Dyer Rd frontage, with abundant street parking along Mt Diablo Blvd. Please DO NOT contact tenants or anyone on site at the property. Please feel free to contact Broker with additional questions. Thank you

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$584 USD /SF

CAP RATE

6.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Premier & Lafayette Glass Property

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C1, Lafayette

APN/PARCEL ID

233-071-003-5

ASK ABOUT THIS PROPERTY

David SchnayerDavid Schnayer - BrokerMore Info
510-295-3251

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David SchnayerDavid Schnayer - BrokerMore Info
510-295-3251

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