1285-1295 Boulevard Way
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1285-1295 Boulevard Way
12,416 SF 81% Leased Retail Building Walnut Creek, CA 94595 $2,100,000 ($169/SF)
Investment Highlights
- 1295 Boulevard Way is 72% leased to seven tenants across 12 suites, providing an immediate income stream with room for increased occupancy.
- The property offers substantial potential for enhancement and income growth, with one building currently vacant and the other partially leased.
- P-1 zoning allows for a variety of flexible uses
- 1285 Boulevard Way is entirely vacant, offering approximately 7,400 square feet of potential office space.
- The property is ideal for an owner/user who can occupy all or a portion of the space, while leasing the remaining space to generate additional income.
Executive Summary
Newmark, as the exclusive advisor, is pleased to present an opportunity to acquire two adjacent office buildings located at 1295 and 1285 Boulevard Way in Walnut Creek, California. The Property comprises approximately ±12,416 square feet across two two-story buildings situated on a single 0.78-acre parcel. The building at 1285 Boulevard Way is currently vacant and could be demolished for additional parking. 1295 Boulevard Way is is scheduled to have a new roof installed in August/September 2024. It is currently 72% leased to seven tenants at below market rents with short remaining lease terms. The leases provide a new owner flexibility to redevelop, re-tenant or occupy all or a portion of the building. This offering presents a prime value-add opportunity with substantial onsite parking, making it an ideal investment for an owner/user or an investor looking to enhance the property’s value.
Property Facts In Escrow
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,416 SF
Building Class
C
Year Built
1947
Price
$2,100,000
Price Per SF
$169
Percent Leased
81%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.37
Lot Size
0.78 AC
Zoning
P-1 - Planned Unit Development
Parking
34 Spaces (2.74 Spaces per 1,000 SF Leased)
Frontage
101 FT on Boulevard Way
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 185-370-010-0 | Improvements Assessment | $49 |
| Land Assessment | $1,251,554 | Total Assessment | $1,251,603 |
PROPERTY TAXES
Parcel Number
185-370-010-0
Land Assessment
$1,251,554
Improvements Assessment
$49
Total Assessment
$1,251,603
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1285-1295 Boulevard Way
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