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2300 Clayton Rd, Concord, C...

Updated Mar 11, 2025

California Capital & Investment Group Acquires One Concord Center Office Building For $40.5M
SOLDOffice

California Capital & Investment Group Acquires One Concord Center Office Building For $40.5M

2300 Clayton Rd, Concord, Ca 94520, Usa

$40,500,000

$109/SF

Building Size

369,000 SF

Asset Type

Office

Closing

Aug 22, 2023

About this deal

AI

The 369,000-square-foot One Concord Center located at 2300 Clayton Road in Concord has been sold for $40.5 million. The property, an office building, was acquired by California Capital & Investment Group (CCIG) from Bridge Investment Group. The sale price translates to a per square foot rate of $110. CCIG's purchase of One Concord Center was valued at under 60% of pre-pandemic levels, reflecting the current conditions of the office market.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $40,500,000
  • Address: 2300 Clayton Road
  • Market: Concord

Len Epstein, representing California Capital & Investment Group, led the acquisition of One Concord Center. The deal was facilitated by broker Breck Lutz from Newmark. CCIG, optimistic about the future recovery of the office market, sees the purchase of One Concord Center as a strategic opportunity, especially considering the current high vacancy rates. The company believes in the market's rebound within the next 2-3 years and has been actively pursuing various deals to capitalize on this potential.

On the Map

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$40,500,000

$109/SF

Office

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Players

Breck Lutz

Newmark

Broker

$40.5M

vol

2 deals

Broker
CG
California Capital & Investment GroupBuyer
Bridge Investment Group
Bridge Investment GroupLender
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Clayton Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $109 per square foot on a published $40.5M for 369,000 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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