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2099 Mount Diablo Blvd 20,198 SF 100% Leased Office Building Walnut Creek, CA 94596 $8,215,000 ($406.72/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Prominent two-story retail/office building along Walnut Creek’s primary gateway corridor
- Anchored by R&A Cycles which has occupied the entire ground floor since 2019, recently extended their lease for ten years
- With 100% occupancy 2099 Mt. Diablo Blvd. represents a rare opportunity to acquire a desirable mixed-use asset
- The Property has undergone significant capital improvements, including modernized building systems, updated finishes, and enhanced tenant spaces
- A mix of retail and office tenants, staggered lease expirations mitigate rollover risk and broadens the Property’s appeal within a dynamic submarket
- Currently 100% leased to eight tenants across retail and office uses, offering consistent, durable cash flow
EXECUTIVE SUMMARY
Newmark, as exclusive advisor, is pleased to present 2099 Mt. Diablo Blvd., a 100% fully leased ±20,198 square foot two story retail/office building located in Walnut Creek, California. The Property offers investors the opportunity to acquire an excellent, income-producing property along one of the city’s most visible and heavily trafficked corridors. 2099 Mt. Diablo has benefited from a comprehensive renovation program totaling more than $1.6 million, enhancing its appeal to tenants. These improvements have resulted in broad tenant appeal and longterm leasing durability proven by its 100% occupancy.
The Property is currently leased to eight tenants, providing investors with consistent cash flow backed by a weighted average lease term of over six years. The property is anchored by R&A Cycles, which leases the entire ground floor retail space for another 10 years.
Situated on Mt. Diablo Boulevard (34,000+ ADT), the Property benefits from excellent visibility and access, serving as a prominent entry point to Walnut Creek’s downtown shopping and dining district. The site is immediately adjacent to the Highway 24 on- and off-ramps and less than half a mile from I-680, providing direct regional connectivity to Lamorinda, Oakland, San Francisco, and the greater Bay Area.
The Property is currently leased to eight tenants, providing investors with consistent cash flow backed by a weighted average lease term of over six years. The property is anchored by R&A Cycles, which leases the entire ground floor retail space for another 10 years.
Situated on Mt. Diablo Boulevard (34,000+ ADT), the Property benefits from excellent visibility and access, serving as a prominent entry point to Walnut Creek’s downtown shopping and dining district. The site is immediately adjacent to the Highway 24 on- and off-ramps and less than half a mile from I-680, providing direct regional connectivity to Lamorinda, Oakland, San Francisco, and the greater Bay Area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
20,198 SF
Building Class
B
Year Built/Renovated
1960/2017
Price
$8,215,000
Price Per SF
$406.72
Cap Rate
7%
NOI
$575,038
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,099 SF
Building FAR
0.63
Lot Size
0.74 AC
Zoning
O-C, Walnut Creek - Office Commercial
Parking
79 Spaces (3.91 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 2nd Fl-Ste 203
- 1,364 SF
- Office
- Full Build-Out
- 60 Days
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 203 | 1,364 SF | Office | Full Build-Out | 60 Days |
2nd Fl-Ste 203
| Size |
| 1,364 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 184-042-001-0 | Improvements Assessment | $3,997,054 |
| Land Assessment | $2,618,278 | Total Assessment | $6,615,332 |
PROPERTY TAXES
Parcel Number
184-042-001-0
Land Assessment
$2,618,278
Improvements Assessment
$3,997,054
Total Assessment
$6,615,332
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2099 Mount Diablo Blvd
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