Redwoods Business Center II 2411 Stanwell Dr Bureau 5 277 m² 100 % Loué À vendre Concord, CA 94520 5 624 450 € (1 065,81 €/m²) Taux de capitalisation 7 %

Redwoods Business Center II 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:
• 7% Cap rate and $118/s.f. at asking price AT BELOW MARKET RENTS
• SELLER WILL CONSIDER FINANCING AT 6% FIXED, INTEREST ONLY FOR 3 YEARS
• Possible commercial condominium, lot split, or covered land play opportunities
• Impeccably maintained asset with operational upside potential (unclaimed reimbursements)
• Strong occupancy history for decades
• Irreplaceable location close to transportation, shopping, business centers and Buchanan Field
• One building with $1.3M of recent, significant upgrades and improvements
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 as a city in 1905 and features beautiful views of Mt. Diablo from points 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 Pavillion, 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.