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1231-1255 S California Blvd
Walnut Creek, CA 94596
Centre Place I · Office Property For Sale
Investment Highlights
- Charles Schwab (S&P rated A+) anchored 4-tenant NNN investment
- In-place debt of $14.3m interest only at 5.242%, maturing 12/31/2026
- High-traffic intersection: S. California Blvd and Olympic Blvd (47,771+ CPD)
- Habit Burger #21/370+ restaurants, nationally ranked per Placer.AI
- Long term NNN leases with a WALT of 7 years and 2 months
- Property tax expense reduced over $110,000 annually (2025 vs 2023) lowering tenant occupancy cost by more than $6.00 psf annually.
Property Facts
Property Type
Office
Building Size
17,707 SF
Building Class
B
Year Built
2010
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,854 SF
Slab To Slab
10’
Building FAR
0.61
Lot Size
0.67 AC
Zoning
C-R - Central Retail
Parking
17 Spaces (0.56 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 184-092-033-2 | Improvements Assessment | $11,707,000 |
| Land Assessment | $5,203,000 | Total Assessment | $16,910,000 |
Property Taxes
Parcel Number
184-092-033-2
Land Assessment
$5,203,000
Improvements Assessment
$11,707,000
Total Assessment
$16,910,000
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