Five Building Office Campus

2401 Stanwell Drive, 2411 Stanwell Drive Concord, CA

$6,500,000

Price

6.6%

Cap Rate

$429,014

NOI

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Street
Map
Overview
Cap Rate
6.6%
NOI
$429,014
Cash-on-Cash
6.7%
Building Size
56,803 sqft
Lot Area
2.84 acres
Occupancy
97%
Class
C
Lease Type
Full Service
Year Built
1972/2001
Price Per Sqft
$118
Zoning
OBP
Tenancy
Multiple
Parking Spots
172
Investment Strategy
Value Add
Lease Expire Year
Contact Broker
Description

The Redwoods Business Center II is in Concord, California, one of the most populous cities in Contra Costa County (124,074 in 2021). Twenty-nine miles northeast of San Francisco and twenty-two miles northeast of Oakland, Concord was incorporated in 1905, featuring beautiful views of Mt. Diablo throughout the city and proximity to Lime Ridge Open Space.
It is home to two BART stations, California State University East Bay, Todos Santos Plaza, Sun Valley Mall, John Muir Medical Center, Concord Naval Weapons Station (currently under a reuse plan for future development), Concord Pavilion, Six Flags “Hurricane Harbor” Water Park, Pixieland Amusement Park, and Buchanan Field Regional Airport. A bedroom community for over 40 years, it has evolved and become home to many diverse businesses. Some of the largest employers include Bank of America, Mt. Diablo Unified School District, Chevron Credit Center, John Muir Medical Center, Conco Cement, Costco, T-Mobile, Home Depot, Contra Costa Water District, and BART.
The subject property is a five-building office campus totaling approximately 56,803 s.f., currently sitting on one legal parcel of approximately 2.84 acres (123,710 s.f.). Property tax records indicate that four of the buildings were constructed in 1972, while one building was built in 2001. The first four buildings constructed are single story, while the most recent building is two-story.

HIGHLIGHTS
ADDRESS: 2401-2411 Stanwell Drive, Concord, CA 94520
APN: 112-260-006-5
SIDING: Stucco and wood
ROOF: TPO and Shingle
FOUNDATION: Concrete slab
BUILDING S.F: 56,803 +/- (per Contra Costa County Tax Assessor)
LOT S.F: 2.84 acres+/- (per Contra Costa County Tax Assessor)
YEAR BUILT: 1972 and 2001
PARKING: 172 spaces

Highlights
  • Irreplaceable location close to transportation, Buchanan Field Airport, and business centers
  • Immaculate property with pride of ownership details
  • One family owned and maintained for decades
  • Value add potential in low rents and uncollected expenses
  • Possible commercial condominium conversion to separate buildings
Documents
Title
2401-11_Stanwell_Dr_CON_-_PI_brochure__r_.pdf
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Location
Gallery