Updated Oct 28, 2024
Lane Partners Sells Office Building In Walnut Creek For $9.5M
3100 Oak Road, Walnut Creek, California 94597, United States
$9,500,000
$191/SF
Building Size
49,500 SF
Asset Type
Office
Closing
Jan 14, 2022
About this deal
AI
The office property located at 3100 Oak Road in Walnut Creek has been sold for $9,500,000. This property comprises approximately 49,500 square feet and was sold at a price per square foot of $310.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,500,000
- Square footage: 49,500
- Price per square foot: $310
The seller of the property is Lane Partners, represented by Scott Smithers.
The office sale at 3100 Oak Road, Walnut Creek, California 94597, United States in Walnut Creek, California sold for $9.5M in 2022. The building is 49,500 square feet, implying about 191 per square foot on the published price. Named participants on the 3100 Oak Road, Walnut Creek, California 94597, United States sale are Scott Smithers. This page is the Walnut Creek, California file for the 3100 Oak Road, Walnut Creek, California 94597, United States office sold: pricing, party profiles, and other closed office comps from the same Walnut Creek sit in the Market section below. Filter that Walnut Creek office set by closing date to see what else sold near 3100 Oak Road, Walnut Creek, California 94597, United States around 2022. Published consideration for 3100 Oak Road, Walnut Creek, California 94597, United States is $9.5M, dated 2022. Cite this Lane Partners Sells Office Building In Walnut Creek For $9.5M sale when underwriting similar office product around Walnut Creek, California.
Players
Walnut Creek Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93