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1402-1414 Maria Ln 3,001 SF 69% Leased Office Building Walnut Creek, CA 94596 $2,500,000 ($833.06/SF)



INVESTMENT HIGHLIGHTS
- Single-story, stand alone, multi-tenant commercial building
- High visibility off Newell Avenue & ample on-site parking
- Exterior building signage
- Excellent owner-user opportunity
- Well-maintained and constructed building
- Prime downtown location adjacent to Broadway Plaza
EXECUTIVE SUMMARY
1402-1414 Maria Lane is a single story stand-alone multi-tenant building which is occupied by two (2) medical tenants on short-term month to month leases with a third unit that is vacant. The short-term leases and vacancy create an excellent acquisition opportunity for an owner-user who wants to occupy all or a portion of the building. It is a rare to see an opportunity to acquire a building of this size with ample parking that is adjacent to Broadway Plaza and all the abundant restaurant and retail amenities in the coveted downtown Walnut Creek submarket. The building has thirteen (13) parking stalls of which ten (10) are immediately adjacent to the building and three (3) are designated reserved stalls on a neighboring parcel. The building contains exterior building signage visible off Newell Avenue which sees an average daily traffic count of 22,300 cars. This property has been well maintained and cared for as is evidenced by its clean and desirable curb appeal. The building and the parking lot are situated on separate legal parcels.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,001 SF
Building Class
B
Year Built/Renovated
1954/1981
Price
$2,500,000
Price Per SF
$833.06
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,001 SF
Building FAR
0.18
Lot Size
0.38 AC
Zoning
C-R - Central Retail - https://www.codepublishing.com/CA/WalnutCreek/html/WalnutCreek10/WalnutCreek1002B-07.html#7
Parking
13 Spaces (4.33 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Natural Light
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $406,045 | |
| Land Assessment | $1,573,993 | Total Assessment | $1,980,038 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,573,993
Improvements Assessment
$406,045
Total Assessment
$1,980,038
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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1402-1414 Maria Ln
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