380 Moraga Rd - Office FOR SALE


Moraga, CA 94556
$8,888,000 USD
415-488-7938
380 Moraga Rd, Moraga, CA for Sale
$8,888,000 USD
Office - FOR SALE
1/8
null | Request Cap Rate

380 Moraga Rd
Moraga, CA 94556


HIGHLIGHTS

  • Rare opportunity to develop ±2.51-acre site in one of the most affluent neighborhoods in the Bay Area.
  • The town of Moraga recently adopted a Housing Element and a zoning change that now allows for residential development of this site.
  • Offers a unique blend of upscale living, a well-educated population, and a stable economy in a safe neighborhood.
  • Nationally ranked schools, multiple sports options, scenic hikes, and a thriving farmers market.
  • Moraga benefits from the presence of Saint Mary’s College of California, which is a primary employer for the area and generates high student pop.
  • One of the nation's highest median household incomes and home values.

OVERVIEW

Kidder Mathews as Exclusive Representative, is pleased to offer for sale 380 Moraga Road, Moraga CA, (the “Property”). This is a rare opportunity for a developer, owner-user and/or investor to acquire a 2.51 acre site improved with a ±27,960 SF office building, in the affluent Town of Moraga. Located at the prominent corner of Moraga Road and Rheem Blvd, the Property is situated across from the Rheem Shopping Center with proximity to the Saint Mary’s College campus. The Town of Moraga, California is one of the most prosperous zip codes in the United States. Boasting a median household income well above the national average, highly rated schools, and strong quality of life, Moraga attracts a highly educated and established population with strong purchasing power. The Town of Moraga recently adopted housing element and zoning changes to Rheem Park Mixed Commercial-Residential which allows for residential development at a permitted density of 24 units per acre. Additional density may be achieved by developing senior and affordable housing and utilizing the State Density Program. 380 Moraga Road, Moraga CA, is being offered for sale. All investors should base their offer on the "as-is, where is" condition of the property. In order to assist with underwriting, qualified purchasers will be provided access upon request to available due diligence information. The Owner requests that all interested parties provide Kidder Mathews with a formal Letter of Intent outlining the terms and conditions under which they propose to acquire the site. In addition, please provide a detailed summary of your company, principals and transaction history.

FOR SALE DETAILS

PRICE

$8,888,000 USD

PRICE/SF

$318 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

2.51 AC

LAND SF

109,336 SF

ZONING

MCR

APN/PARCEL ID

255-030-013-7

ASK ABOUT THIS PROPERTY

David WientjesKidder MathewsMore Info
415-488-7938

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David WientjesKidder MathewsMore Info
415-488-7938

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