This property is Off-Market

2835 Mitchell Drive
Walnut Creek, CA 94598 ·

419,000 SF · Office For Sale

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Walnut Creek Executive Park

Price N/A Cap Rate 8.75%
Building Size 419,000 SF Occupancy 89%
Property Type Office Building Class A
Property Sub-type Office-Business Park Tenancy Single
Property Use Type Investment Year Built 1984
Listing ID: 13875105 Date Created: 03/09/2004 Last Updated: 11/08/2004

Description

This offering provides an opportunity to acquire a major office park consisting of twelve office buildings accommodating approximately 418,922 rentable square feet in an award-winning highly landscaped setting. This Offering Memorandum is provided subject to the terms of the Confidentiality and Non-disclosure agreement executed by the recipient, for the purpose of providing information adequate for an investor to submit an informed and credible offer.

Walnut Creek Executive Park has been the recipient of numerous awards as a result of the layout and extensively land and waterscaped environment at the Property. Widespread mature landscaping and a series of interconnected water-features provide a stunning natural setting for the office buildings at Walnut Creek Executive Park.

The city of Walnut Creek is considered by many to be the “hub” of the East Bay and has become a “24 hour City” with high quality office properties, the region’s premier retail facilities, abundant dining, entertainment and cultural attractions and wide variety of quality single family and multi tenant residential housing. These features along with the strategic location at the interchange of Interstate 680 and Highway 24 have attracted a wide variety of tenants willing to pay premium rents to locate in Walnut Creek.
However, the severe shortage of affordable housing has been identified as the most significant challenge to economic growth in the San Francisco Bay Area. Walnut Creek Executive Park has been sought after by major tenants because of its strategic location relative to affordable housing. New housing communities in East Contra Costa cities such as Pittsburgh, Antioch, Oakley and Brentwood enjoy some of the lowest housing prices in the San Francisco Bay Area. The convenient commute to Walnut Creek Executive Center via Ygnacio Valley Road and Kirker Pass Road, allows commuters to avoid rush hour freeway congestion on Interstate 680.

Research

2835 Mitchell Drive, Walnut Creek, CA 94598 (Contra Costa County)

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