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2800 Mitchell Dr - Shadelands of Walnut Creek
9.49 Acres of Residential Land in Walnut Creek, CA 94598
Investment Highlights
- Fully Entitled Adjacent 254-Unit Active Adult Plus a 115-Unit/136-Bed Residential Care Development Opportunity
- Four Building, Three & Four Story Active Adult Community With Recreation Center & Swimming Pool
- Strong Area Demographics - Over 39,000 Population, 70+ Years of Age Within a 15-Minute Drive Time of Project Site
- Unit Mix, Size, and Floor Plan Layout for both Active Adult & AL/MC Projects Designed & Programmed by Oakmont Senior Living
- Three-Story Residential Care Building Surrounding An Interior Landscaped Courtyard
- Untapped Potential - Strong Market Characteristics - Little to No Active Adult Competition in the Immediate Area
Executive Summary
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 9.49 AC |
| Property Type | Land |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 9.49 AC |
1 Lot Available
Lot
| Lot Size | 9.49 AC |
| Lot Size | 9.49 AC |
+-9.49 acre parcel on Mitchell Drive in Walnut Creek. The property is currently vacant and includes five (5) one-story buildings. The terrain is primarily flat.
Description
Colliers as Exclusive Advisor is pleased to present Shadelands of Walnut Creek, an excellent opportunity to acquire one or both fully entitled senior housing development projects currently situated on +-9.49 acres in the highly desirable S.F. Bay Area East Bay suburb of Walnut Creek, CA. The projects include a 254-unit, age restricted, active adult senior community as well as a 115-unit, 136-bed residential care facility. The +-9.49-acre parcel, located in the northeast corner of the Shadelands Business Park is the former home of the Joint Genome Institute, which abandoned the location several years ago. The Seller is currently working with the City of Walnut Creek to process a Final Map in order to divide the +-9.49-acre parcel into two separate parcels to create one parcel for the active adult community and one for the residential care facility. The Seller will consider offers from a single buyer for both projects, and/or from two separate buyers. PLEASE COMPLETE THE ATTACHED REGISTRATION & CONFIDENTIALITY AGREEMENT AND RETURN TO EXCLUSIVE ADVISORS. ACCESS TO THE PROPERTY DEAL ROOM, INCLUDING OFFERING MEMORANDUM WILL BE GRANTED UPON SIGNING THE CA.
PROPERTY TAXES
| Parcel Number | 143-040-103-2 | Improvements Assessment | £3,124,993 |
| Land Assessment | £1,671,555 | Total Assessment | £4,796,549 |
PROPERTY TAXES
zoning
| Zoning Code | P-D Zone (On June 7, 2022, the Walnut Creek City Council adopted a General Plan Amendment to change the land use to Mixed-Use - Residential Emphasis (MU-R).) |
| P-D Zone (On June 7, 2022, the Walnut Creek City Council adopted a General Plan Amendment to change the land use to Mixed-Use - Residential Emphasis (MU-R).) |
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Rich Martini -
Rick Knauf -
Colliers
Presented by
2800 Mitchell Dr - Shadelands of Walnut Creek
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