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Lane Partners Sells Office Building In Walnut Creek For $9.5M

Property Image
SOLD
$9,500,000

California

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Office49,500 SF
Sold 01/14/2022
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Property Image
SOLD

Lane Partners Sells Office Building In Walnut Creek For $9.5M

3100 Oak Road, Walnut Creek, California 94597, United States

See Similar Deals
Office49,500 SF
Sold 01/14/2022
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$191
Total Square Footage:49,500 SF
Transaction Type:Sale

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.

Players

SS
Scott Smithers
3 deals$387.7M volume
SELLER

Details

SOLD
IMAGE: Scott Smithers DATE: 01/14/2022 ADDRESS: 3100 Oak Road MARKET: Walnut Creek ASSET TYPE: Office SELLER: Lane Partners - Scott Smithers SALE PRICE: $9,500,000 SF: 49,500 ~ PPSF: $310

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$506,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16