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1360-1376 Concannon Blvd - Bldg J
1,750 SF Office/Medical Units Offered at £860,695 - £872,432 Per Unit in Livermore, CA 94550
Investment Highlights
- Building Signage for Every Unit
- Separate Entrances to Each Unit (direct off parking lot)
- 200 Amps of Power for Every Unit
- Separately Metered for PG&E
- Private Restrooms in Every Unit
- Onsite Tesla Superchargers
Executive Summary
The Well at Sunset is a newly renovated project as of 2020. Each building was brought down to the studs/foundations and built back up with a brand new roof, siding, windows, electrical, etc. The four buildings on the northern end of the project were sold to a senior housing developer who has plans to construct a new senior housing development in the near future. The remaining 6 buildings on the south end of the project were renovated to be a new retail, medical, and office complex to serve the local community. Most retail, medical, and office uses are permitted in this zoning district. Tesla superchargers are onsite in front of Building A. Some outdoor patio areas are placed at key locations around the project. There is a 3.5 acre landscaped buffer zone between this project and the surrounding homes which will eventually be updated to include walking paths and benches once the senior housing development is finished.
Property Facts
2 Units Available
Unit 1366
| Unit Size | 1,750 SF | Sale Type | Investment or Owner User |
| Price | £872,432 | Net Initial Yield | 5.65% |
| Price Per SF | £498.53 | NOI | £49,294.35 |
| Unit Use | Office/Medical | No. Parking Spaces | 6 |
| Unit Size | 1,750 SF |
| Price | £872,432 |
| Price Per SF | £498.53 |
| Unit Use | Office/Medical |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 5.65% |
| NOI | £49,294.35 |
| No. Parking Spaces | 6 |
Description
Leased Investment Unit. Located on the southeastern Corner of Building J. Rare newly remodeled spec suite office/medical condominium. Leased to Board and Brush of Livermore.
Sale Notes
Rare Commercial Investment Sale Opportunity. 5 year lease term through 11/30/29, true NNN lease, personal guaranty on lease. Please contact Brokers for additional information on the lease.
Unit 1372
| Unit Size | 1,750 SF | Sale Type | Investment |
| Price | £860,695 | Net Initial Yield | 5.70% |
| Price Per SF | £491.83 | NOI | £49,080.74 |
| Unit Use | Office/Medical | No. Parking Spaces | 6 |
| Unit Size | 1,750 SF |
| Price | £860,695 |
| Price Per SF | £491.83 |
| Unit Use | Office/Medical |
| Sale Type | Investment |
| Net Initial Yield | 5.70% |
| NOI | £49,080.74 |
| No. Parking Spaces | 6 |
Description
Leased Investment Unit. Located on the northeastern Corner of Building J. Rare newly remodeled spec suite office/medical condominium. Leased to a pediatric occupational therapist.
Sale Notes
Rare Commercial Investment Sale Opportunity. 5 year lease term through 6/30/28, true NNN lease, personal guaranty on lease. Please contact Brokers for additional information on the lease.
Amenities
- 24 Hour Access
- Courtyard
- Raised Floor
- Signage
- Wheelchair Accessible
- Car Charging Station
- Central Heating
- High Ceilings
- Natural Light
- Suspended Ceilings
- Air Conditioning
- Fiber Optic Internet
zoning
| Zoning Code | CO (Office, Medical, Retail, Commercial) |
| CO (Office, Medical, Retail, Commercial) |
-
Mark Rinkle -
Power Broker Jessica Mauser -
Lee & Associates
Presented by
1360-1376 Concannon Blvd - Bldg J
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