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
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
Loading comparables…
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