CAP Rate: Call for the Updated CAP Rate | Rentable SF: 59,498 | Price/Rentable SF: $265.55 | Lot Size: 3.15 AC | Year Built: 1990
Two-story Multi-Tenant Office/Retail property totaling 59,498 sq.ft. on a 3.15 acre lot
97% occupancy offers a stabilized investment opportunity
Below-market rent offers upside for the new owner
Retail vacancy rate in San Ramon is 3.86%
Abundant parking with surface lots and an underground parking garage
Strategically located for easy access from Interstate 680 and San Ramon Valley Blvd. off of Crow Canyon Road
Highly desirable office and retail location with high traffic volume (161,000+ vehicles per day)
$119,297 Average Household Income with 74,378 Residents with in a 5-Mile radius
Courtyard Center is located at 2410 San Ramon Valley Blvd. in San Ramon, California. The property is a two-story Multi-Tenant Retail/Office building with a subterranean parking garage situated on two parcels totaling 3.15-acres. The center is comprised of approximately 59,498 square-feet of rentable building space. Positioned directly west of Interstate 680 at the Crow Canyon Road exit, Courtyard Center is ideally located for easy access for both tenants and consumers. With its inviting curb appeal and a traffic count of approximately 43,000 vehicles passing on San Ramon Valley Blvd. daily, Courtyard Center represents a well-positioned mix use investment opportunity.
With a ratio of 5.3/1,000 SF, the property provides ample parking for its tenants and customers. Parking options include surface parking lots as well as a large subterranean parking garage with direct elevator access to the street level and second floor.
This offering represents an ideal stabilized investment opportunity in an affluent location. The new owner will enjoy the 97% occupancy while taking advantage of great upside arising from the current below-market rents. The property’s 18 tenants offer a diversified mix of service-oriented retail and office tenants with staggered lease expirations. The adjacent property, 2404 San Ramon Valley Blvd (Not a Part of the offering, Sold August 2017 for $353/SF) is currently building out the entire second floor for Intero Real Estate and ground floor for Enterprise Rent-A-Car.