Updated Oct 28, 2024
California Capital & Investment Group Acquires Office Property In Walnut Creek For $49.6M
2125 Oak Grove Road, Walnut Creek, California 94598, United States
$49,600,000
$110/SF
Building Size
449,200 SF
Asset Type
Office
Closing
Jul 7, 2022
About this deal
AI
The property involved in this closed transaction is an office asset located at 2125 Oak Grove Road, 2775-2855 Mitchell Drive, and 2730-2880 Shadelands Drive in Walnut Creek. The sale took place on 07/08/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $49,600,000
- Square Footage: 449,200
- Price per Square Foot: $110
- Buyer: California Capital & Investment Group - Phil Tagami
- Seller: The Knoll Company
- Broker: JLL
The buyer in this transaction is California Capital & Investment Group, represented by Phil Tagami. The seller is The Knoll Company. The brokerage firm involved in the deal is JLL.
Players
Walnut Creek Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93