Updated Jun 17, 2025
Private Investor Acquires Office Building At 3100 Oak Road In Walnut Creek For $5.17M
3100 Oak Road
$5,170,000
$104/SF
Building Size
49,500 SF
Asset Type
Office
Closing
Jun 17, 2025
About this deal
AI
The asset involved in the transaction is an office property located at 3100 Oak Road in Walnut Creek. The property was sold for $5,170,000, and it consists of 49,500 square feet with a price per square foot of $104.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,170,000
- Seller: Scott Smithers - Lane Partners
- Market: Walnut Creek
- Sale Date: 06/17/2025
- Previous Sale Price Drop: 66% from 2017
The transaction was conducted by Lane Partners, representing the seller. A private investor from San Francisco acquired the property during a period of ongoing challenges within the office market.
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
3.07%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93