2151 Salvio St 120,250 SF 63% Leased Office Building Concord, CA 94520 $15,650,000 ($130.15/SF) 8% Cap Rate

Marcus & Millichap is pleased to present the opportunity to acquire Salvio Pacheco Square, a premier three-story multi-tenant retail and office property located in the heart of Downtown Concord. This established mixed-use property features a diverse tenant mix, strong in-place cash flow, and an irreplaceable location in the East San Francisco Bay Area market.
Salvio Pacheco Square presents a significant value-add opportunity for investors to unlock upside through the lease-up of available space.
This 120,345-square-foot mixed-use retail and office property, situated on 1.21 acres, consists of 24 office suites on the second and third floors and 20 retail suites on the ground level, providing a diverse mix of service providers, dining establishments, and office tenants that cater to the surrounding trade area.
All retail tenants at Salvio Pacheco Square operate under triple-net (NNN) leases, with responsibility for their pro rata share of common area maintenance (CAM), property taxes, and property insurance (refer to the operating statement or contact the listing team for details). The office tenants are predominantly on base-year office net leases, with responsibility for their pro rata share of common area maintenance and increases in property taxes and insurance over the base year of their lease term.
Salvio Pacheco Square is located directly on Todos Santos Plaza in Downtown Concord’s historical district, providing outstanding visibility and accessibility. The property is a ten-minute walk from Concord BART, offering high exposure to foot and vehicular traffic and easy access to an abundance of downtown amenities.
Significant Lease-Up Potential & Value-Add Opportunity - Strong in-place rental income provides immediate and attractive cash flow, allowing investors to capitalize on upside potential while minimizing out-of-pocket costs.
The property benefits from a strong surrounding residential consumer base, with a median household income of $115,204 within a three-mile radius, along with steady commuter and retail foot traffic. Limited new development in the area further strengthens demand for well-located retail and smaller-footprint office space. The three-mile trade area had a reported population exceeding 124,000 in 2023, with projected growth of 1.3% by 2028.
Built in 1985, the property features a spacious courtyard and a striking water fountain leading to the two-elevator lobby, which provides access to the second and third-floor office suites.
This offering presents investors with the opportunity to acquire a unique and exceptionally well-located, cash-flowing mixed-use commercial property with significant upside potential. Currently prevailing financing terms have been underwritten into this offering, providing an attractive leveraged return opportunity.