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100% Leased Medical Building 1191 Central Blvd

11,370 SF 100% Leased Office Building Brentwood, CA 94513 £3,328,297 (£293/SF) 6.50% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • High quality multi-tenant medical office building.
  • For sale from original developer- meticulously maintained with beautiful landscaping.
  • Healthcare properties typically perform well in challenging economic times, as the tenants provide essential medical services.
  • Annual increases in several of the leases.
  • Easy access to Highway 4, John Muir, and abundant retail amenities.
  • Brentwood is thriving with an affluent, growing population and significant new residential and commercial development.

EXECUTIVE SUMMARY

Newmark, as exclusive advisor, is pleased to offer the opportunity to acquire a high quality, multi-tenant net leased medical investment at 1191 Central Blvd (the “Property”) in Brentwood, California. Currently 100% leased to 4 medical tenants with staggered lease expirations and scheduled rental increases, the Property represents an excellent passive investment situated within TownCentre Brentwood, a thriving 3 building medical project.

ATTACHMENTS

1191 Central Brentwood Towncentre - Teaser OM
Broker Confidentially Document
Principal Confidentially Document

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,370 SF
Building Class
C
Year Built
2002
Price
£3,328,297
Price Per SF
£293
Net Initial Yield
6.50%
NOI
£216,354
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
11,370 SF
Building FAR
0.30
Lot Size
0.88 AC
Zoning
PD-10 - Public Development
Parking
40 Spaces (3.52 Spaces per 1,000 SF Leased)

AMENITIES

  • Natural Light

LINKS

1 of 1
Walk Score®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 013-010-090-2 Improvements Assessment £1,232,697
Land Assessment £598,822 Total Assessment £1,831,519

PROPERTY TAXES

Parcel Number
013-010-090-2
Land Assessment
£598,822
Improvements Assessment
£1,232,697
Total Assessment
£1,831,519
(925) 974-0237

CONTACTS

  • Listing ID: 33385982

  • Date on Market: 02/10/2024

  • Last Updated:

  • Address: 1191 Central Blvd, Brentwood, CA 94513

The Towncenter Office Property at 1191 Central Blvd, Brentwood, CA 94513 is currently available. Contact Newmark for more information.

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100% Leased Medical Building | 1191 Central Blvd
(925) 974-0237 x

100% Leased Medical Building | 1191 Central Blvd

1/3

Forrest Gherlone

(925) 974-0237

(925) 974-0237

Mike Zylstra

(925) 963-9766

(925) 963-9766

Max Gunari

(925) 984-8423

(925) 984-8423

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