Colliers is pleased to offer this unique opportunity to acquire the 100% fee-simple interest in 675 Ygnacio Valley Road (the “Property”) in downtown Walnut Creek.
Being offered for sale for the first time by the original 1980 developer/owner, the Property is comprised of two two-story buildings totaling 32,500 square feet of retail, medical, and office space situated on 1.62 acres with surrounding surface parking. The Property is currently 100% leased and has historically maintained this high level of occupancy since construction. The current tenant mix is 45% service retail, 21% medical and 34% office.
The Property is located four blocks from Walnut Creek BART and I-680 and is within immediate walking distance to over 100 downtown restaurants. The Property offers 206 feet of direct frontage on Ygnacio Valley Road and benefits from a Walk Score of 89 (Very Walkable), a Transit Score of 52 (Good Transit) and a Bike Score of 71 (Very Bikeable). The Property presents considerable upside potential with current in-place below market rents. Alternatively, the Property could be repositioned as two separate owner-user buildings or considered for a potential residential redevelopment given the flexible zoning(MU-C)