1820 Bonanza Street AVAILABLE FOR SALE > WALNUT CREEK, CA > RARE OWNER-USER OPPORTUNITY > WALKING DISTANCE TO DOWNTOWN CORE RETAIL

Transcription

1 Colliers International 1850 Mt Diablo Blvd., Suite 200 Walnut Creek, CA

2 > RARE OWNER-USER OPPORTUNITY > CLOSE TO DOWNTOWN CORE PROPERTY PROFILE > One of a few downtown office buildings within walking distance to the retail zone. > High identity space in downtown Walnut Creek > Completely remodeled building > New Elevator, Restrooms, and Tenant Improvements > Balcony access > Up to 5,237 sf available for an owner user > Financial package upon request > Assumable SBA Financing > 23 parking stalls 2.7/1,000 ratio > High ceilings create an elegant look Information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. All properties subject to change or withdrawal without notice Colliers International

3 PROPERTY DESCRIPTION > is an approximate 9,646 square foot office building located in the heart of Walnut Creek, California. The property was purchased by H&S Partners in 2013 and completely remodeled for a law firm that specializes in high net worth and institutional clientele. The current owners stabilized the building with two new leases, installed two new restrooms, added an elevator, installed functional balconies, painted the property, enhanced the landscaping, and made major repairs to the building. The property is currently 100% leased. LOCATION > The site is located in the heart of Walnut Creek just two blocks from Interstate 680 and Hwy 24 and one block to the many popular dining and entertaining options. The property has plenty of on-site parking which makes occupancy easy compared to the larger parking structures and valet parking in the area. Broadway Plaza and the surrounding retailers are considered destination shopping for Northern California. > Path of New Development: The development potential is very high in downtown Walnut Creek, which makes this property extremely unique. The trend is to build residential and mixed use instead of office. Small office building sites are scarce. The office-commerical zoning is broad and allows residential with densities up to 100 units per acre. West of the site, the Bonanza Heritage Condominiums is a 17,424 sf lot approved with 15 condominiums over three floors. To the East 1500 N California is a 1.23 acre parcel inside the Core Area. It is approved for 140 apartment units and 18,270 sf of retail and will stand six stories. The land value is considered upwards of $120/sf or $1,700,000 with core sites exceeding $150 per sf. ADDRESS > SQFT > ±9,646 Gross Square Feet > ±8,567 Rentable Square Feet SITE AREA > ±0.325 Acres > ±14,175 sqft ASSESSOR S PARCEL NUMBER > CONSTRUCTION TYPE > Type VB > Wood Frame and CMU > Concrete Slab on Grade > One Passenger Elevator NO. OF STORIES > Two NO. OF BUILDINGS > One ZONING > OC Office Commercial. The purpose of the Office zone is to provide areas for the integrated development of business and professional office uses along with related business and institutional uses. The intent is to provide areas for business and professional offices that are convenient to residential areas, the central business district and BART. Many of the properties along Bonanza have been developed to multi-family residential. Residential uses can be approved with a conditional use permit. YEAR BUILT > 1983 PARKING > 23 Stalls Total > 18 Covered Stalls > 2.7/1,000 Ratio

4 SUITE 100 ±1,688 SF

5 SUITE 201 ±1,642 SF SUITE #201 (N) ROOF BELOW Ḇ SUITE 205 ±1,545 SF SUITE #205 WOMEN MEN ELEV. (N) FLOATING STAIR BALCONY > Up to ±5,237 SF available for an owner-user CONFERENCE OFFICE #1 D.F. DN A A2 LOBBY OFFICE #10 PL #3 SKYL'T LIBRARY FILE COPY SKYL'T KITCHEN REC. SEATING SUITE 200 ±3,692 SF SUITE #200 PL #1 OFFICE #2 OFFICE #9 OFFICE #8 OFFICE #7 OFFICE #6 OFFICE #5 OFFICE #4 CONFERENCE OFFICE #3 PL #2

6 Maserati-Bentley of Walnut Creek 1524 LOCUST STREET ±6,105 SF $ PSF SOLD: 03/01/ LOCUST STREET ±3,675 SF $ PSF SOLD: 03/13/2013 Elevé Massimo Ristorante Prima Havana McCovey s Restaurant SaSa Yacht Club 1515 Cypress Restaurant 1820 BONANZA ST. Lark Creek Restaurant Il Fornaio Scott s Seafood Fleming s Steakhouse Va De Vi 1931 SAN MIGUEL DRIVE P.F. Chang s ±9,500 SF $ PSF SOLD: 05/14/2014 Tiffany & Co. Neiman Marcus Ruth s Chris Steak House The Cheesecake Factory 2051 MT. DIABLO BLVD. ±5,967 SF $ PSF SOLD: 02/04/2014 Barnes & Noble 1204 ALPINE ROAD Whole Foods Market ±3,565 SF $ PSF SOLD: 01/03/2014