Centennial Square 22225 Foothill Blvd 19,131 SF Office Building Hayward, CA 94541 $4,420,000 ($231.04/SF) 6.58% Cap Rate

Centennial Square is a government-leased, single-tenant office property located at 22225 Foothill Boulevard in the heart of Hayward, California. The property is leased to the County of Alameda through 2029, providing a secure, government-backed income stream. The County has maintained a presence at Centennial Square in various capacities since 1997, reflecting a long-term operational commitment to the site.
Positioned along Foothill Boulevard, one of Hayward’s main commercial corridors, Centennial Square offers strong visibility and excellent regional access. The property lies less than one mile from both Interstate 580 and Interstate 880, allowing direct connectivity throughout the East Bay and into Silicon Valley. It sits immediately adjacent to Lincoln Landing, a large-scale mixed-use redevelopment featuring new retail, restaurants, and over 470 residential units, and is within close proximity to Downtown Hayward, the BART station, and City Hall, anchoring it within the city’s civic and commercial core.
The County of Alameda is an exceptional tenant, rated AAA by Fitch, S&P and Moody's, supported by a $6.1 billion annual budget and consistent fiscal discipline.
Centennial Square offers an attractive yield and pricing well below replacement cost, positioning it competitively relative to comparable commercial assets in the Hayward and greater East Bay markets. With a secure lease through 2029, nearly three decades of County occupancy, and a location benefiting from major surrounding redevelopment, the property presents investors with a low-risk, durable cash flow opportunity backed by one of California’s strongest county credits.