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2033 North Main Street Waln...

CBRE Secures Office Leases For BDO USA & Pennington LLP At Ygnacio Center In Walnut Creek
LEASEDOffice

CBRE Secures Office Leases For BDO USA & Pennington LLP At Ygnacio Center In Walnut Creek

2033 North Main Street Walnut Creek, California 94596, USA

$3

$3/SF

Building Size

13,916 SF

Asset Type

Office

Closing

Jun 20, 2023

AI

The Ygnacio Center in Walnut Creek has secured new office leases for 13,916 square feet of space. The property, located at 2033 North Main Street, is an office asset. The landlord, Hines, offered upgraded amenities to attract tenants.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not mentioned
  • Address: 2033 North Main Street, Walnut Creek
  • Market: Walnut Creek
  • Tenant: BDO USA & Pennington LLP

The lease agreements were brokered by CBRE, with accounting firm BDO USA and law firm Pennington LLP as the tenants. CBRE represented the landlord, Hines, in the negotiations.

Note: The Ygnacio Center in Walnut Creek was able to secure these new office leases due to its upgraded amenities and the representation provided by CBRE.

Players

Hines
HinesLandlord
BDO USA
BDO USATenant

Walnut Creek Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5287666.67%

Cash-on-Cash

-1511231.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93