John Cumbelich & Associates is pleased to present the opportunity to acquire 986–990 Moraga Road, a unique commercial property in the heart of Downtown Lafayette, California.
Historically home to Campana Music, this two-building asset fronts Moraga Road just steps from the intersection with Mt. Diablo Boulevard — widely regarded as the best intersection in the Lamorinda trade area.
-986 Moraga Road is a ±1,600 SF single-tenant building leased through August of 2027.
-990 Moraga Road consists of approximately ±8,282 SF across 2.5 levels and formerly housed the Campana Music School.
This one-of-a-kind investment offers a rare opportunity to reposition the property for retail and office lease-up in a highly walkable, amenity-rich downtown setting. Additionally, the flexible zoning and creekside location present long-term upside through redevelopment potential, including the possibility of a residential or mixed-use component.
While the asset requires capital improvements and modernization, it is attractively priced to reflect both the value-add opportunity and the potential for above-market returns based on Lafayette’s strong fundamentals, favorable comps, and conservative cap rate assumptions.
A detailed financial analysis and capital expenditure budget are enclosed, highlighting a clear path to unlocking the asset’s value. Rent comparables are available upon request. As the most active brokerage in Downtown Lafayette, John Cumbelich & Associates has completed more retail lease and sale transactions in this submarket than all other firms combined.