PROPERTY Offering Price: $3,250,000 Address: One Orinda Way, Orinda, CA 94563 Cross Street: Santa Maria Way & Altarinda APNs: 265-170-034-2- Lot Area: 14,244 SF /.33 Acres 265-170-037-5- Lot Area: 16,988 SF /.39 Acres GLA: 7,605 SF Leased: 80% Built: 1974 Floors: Single story steel building Lot Area: ±31,232 SF/ 0.72 Acres County: Contra Costa Zoning: Downtown Commercial Parking: 39 Surface Stalls HIGHLIGHTS One Orinda Way is a multi-tenant retail building located immediately off HWY 24 at the Orinda exit on the Village side. The accessibility and visibility here are prominent, yet the subject property lends itself to destinantion type retailers given its position on a cul-de-sac. One Orinda Way is just steps from BART and has a private parking lot for customers and employees. This is a rare opportunity for an investor or owner-user. Rare Ownership Opportunity in Affluent Orinda Just Blocks to Orinda BART Station Ample Parking at Cul-de-sac (39 Parking Stalls) Easy Access to Freeway and Downtown Orinda High Traffic Counts: 35,000 Combined Affluent Market - AHHI within 3 Miles are $229,000 adria@lockehouse.com ryan@lockehouse.com
Camino Pablo TENANT DIRECTORY Signage Opportunity Highway 24 Signage Opportunity Suite 1 Yan s Chinese Restaurant 2,768 SF Suite 2 All In Fitness 1,113 SF Available Suites 4 & 5 ±1,028 SF Available Suites 3 ±513 SF Lamorinda Martial Arts Suite 6 ±2,183 SF All In Fitness Suite 2 ±1,113 SF Yan s Chinese Restaurant Suite 1 ±2,768 SF Suite 3 Vacant / Type 2 Zoning 513 SF Suite 4/5 Vacant / Type 1-2 Zoning 1,028 SF Suite 6 Martial Arts 2,183 SF Santa Maria Way Orinda Way Walkway to
E One Orinda Way, Orinda, California 94563 Pine Grove Sports Field N W S CAMINO PABLO - 33,000 ADT 157,000 ADT Disclaimer: Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express (925) representation 997-2307 is made nor is any to be implied (925) as to 627-7901 the accuracy thereof and it is submitted subject to errors, comissions, change of price, rental License or other conditions, #01498795 prior sale, lease or financing, License or withdrawal #01327106 without notice and to any special conditions imposed by our principal.
Financial Overview PRICE: $3,250,000 PRO FORMA INCOME TYPE PSF TOTAL In-Place Base Rent NNN $26.60 $158,648 In-Place NNN Reimbursements $10.33 $61,633 Capitalization Rate - In-Place 4.29% New Retail Tenant 1 NNN $34.00 $34,952 Capitalization Rate - Pro Forma 6.31% New Retail Tenant 2 NNN $36.00 $18,468 Price Per Square Foot $413.38 New NNN Reimbursements $10.25 $15,801 Gross Leasable Area 7,605 SF Gross Scheduled Income $19.29 $289,502 Lot Size 31,232 SF Operating Costs ($80,616) IN-PLACE INCOME TYPE PSF CURRENT Net Operating Income $208,886 In-Place Base Rent NNN $26.60 $158,648 In-Place NNN Reimbursements $10.33 $61,633 Gross Scheduled Income $220,281 Operating Costs ($80,616) Net Operating Income $139,665
DEMOGRAPHICS 1 MILE 3 MILES 5 MILES 3,944 29,051 182,460 POPULATION 2,169 6,801 121,582 DAYTIME POPULATION $227,878 $235,453 $168,150 AVERAGE HOUSEHOLD INCOME $227,878 $235,453 $168,150 AVERAGE HOUSEHOLD NET WORTH 86.6% 88.2% 64.5% POPULATION FAMILY 74.2% 77.8% 76.2% COLLEGE DEGREE (BACHELOR OR HIGHER) $4,984 $5,136 $3,889 MONTHLY RETAIL EXPENDITURE
CITY OVERVIEW The City of Orinda is located in Southwest Contra Costa County, within 20 minutes of downtown San Francisco. Orinda incorporated as a City in 1985, after more than 100 years of gradual development, and the City has a reputation as a wellmanaged and stable municipal government and is a relatively new city, with a population of 17,600 and an annual operating budget of $10.5 million. Orinda is a family-oriented community with a semi-rural setting. In contrast to the more urban existence of the surrounding area, the tree-studded hillsides of the 12.8 square-mile City contribute to Orinda s aesthetic beauty. Natural beauty, excellent schools, safety, history, culture and close proximity to major San Francisco Bay locations and activities make Orinda a delightful place in which to work, live, visit and play! adria@lockehouse.com ryan@lockehouse.com