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INVESTMENT HIGHLIGHTS
- Value-add investment opportunity
- High incomes and density
- Surrounded by a strong mix of retail, service and dining
EXECUTIVE SUMMARY
John Cumbelich & Associates is pleased to present the opportunity to acquire 986–990 Moraga Road, a unique commercial property in the heart of Downtown Lafayette, California.
Historically home to Campana Music, this two-building asset fronts Moraga Road just steps from the intersection with Mt. Diablo Boulevard — widely regarded as the best intersection in the Lamorinda trade area.
-986 Moraga Road is a ±1,600 SF single-tenant building leased through August of 2027.
-990 Moraga Road consists of approximately ±8,282 SF across 2.5 levels and formerly housed the Campana Music School.
This one-of-a-kind investment offers a rare opportunity to reposition the property for retail and office lease-up in a highly walkable, amenity-rich downtown setting. Additionally, the flexible zoning and creekside location present long-term upside through redevelopment potential, including the possibility of a residential or mixed-use component.
While the asset requires capital improvements and modernization, it is attractively priced to reflect both the value-add opportunity and the potential for above-market returns based on Lafayette’s strong fundamentals, favorable comps, and conservative cap rate assumptions.
A detailed financial analysis and capital expenditure budget are enclosed, highlighting a clear path to unlocking the asset’s value. Rent comparables are available upon request. As the most active brokerage in Downtown Lafayette, John Cumbelich & Associates has completed more retail lease and sale transactions in this submarket than all other firms combined.
Historically home to Campana Music, this two-building asset fronts Moraga Road just steps from the intersection with Mt. Diablo Boulevard — widely regarded as the best intersection in the Lamorinda trade area.
-986 Moraga Road is a ±1,600 SF single-tenant building leased through August of 2027.
-990 Moraga Road consists of approximately ±8,282 SF across 2.5 levels and formerly housed the Campana Music School.
This one-of-a-kind investment offers a rare opportunity to reposition the property for retail and office lease-up in a highly walkable, amenity-rich downtown setting. Additionally, the flexible zoning and creekside location present long-term upside through redevelopment potential, including the possibility of a residential or mixed-use component.
While the asset requires capital improvements and modernization, it is attractively priced to reflect both the value-add opportunity and the potential for above-market returns based on Lafayette’s strong fundamentals, favorable comps, and conservative cap rate assumptions.
A detailed financial analysis and capital expenditure budget are enclosed, highlighting a clear path to unlocking the asset’s value. Rent comparables are available upon request. As the most active brokerage in Downtown Lafayette, John Cumbelich & Associates has completed more retail lease and sale transactions in this submarket than all other firms combined.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
9,882 SF
Building Class
B
Year Built
1970
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,800 SF
Building FAR
0.47
Lot Size
0.48 AC
Zoning
RB
Parking
20 Spaces (2.02 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Retailer
- -
- -
- -
- Plazaway Taylor & Cleaners
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
Retailer | - | - | - | ||
| Plazaway Taylor & Cleaners | Services | - | - | - |
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 243-222-023-0 | Improvements Assessment | $20,808 |
| Land Assessment | $3,620,592 | Total Assessment | $3,641,400 |
PROPERTY TAXES
Parcel Number
243-222-023-0
Land Assessment
$3,620,592
Improvements Assessment
$20,808
Total Assessment
$3,641,400
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Campana Center | 990 Moraga Rd
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