For Sale
$4,200,000

3505-3515 Lone Tree WayAntioch, CA 94509

Multi-Tenant Medical Office Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a two-building, multi-tenant medical office complex located at 3505-3515 Lone Tree Way, Antioch, CA 94509, in Contra Costa County. The property, built in 1990, boasts 28,052 square feet of gross leasable area situated on a 3.26-acre lot. Currently housing seven tenants, including specialists in neurology and ophthalmology, a mental health clinic, and other medical and related businesses, the property enjoys a 95.35% occupancy rate. Several tenants have occupied the space for over two decades, demonstrating strong tenant loyalty and stability. The property features ample parking with 114 surface stalls, including seven handicap-accessible spaces, and convenient access to Highway 4. The asking price is $4,200,000, representing a current cap rate of 7.26% and a pro-forma cap rate of 8.01%. The Net Operating Income (NOI) is $304,822, with a pro-forma NOI of $336,321. This Class C property is offered fee simple and features nine units spread across two, two-story buildings. Its prime location in Antioch, within easy reach of major transportation arteries and the Antioch BART station, makes it an attractive investment for both immediate returns and long-term growth potential. The property's strong tenant base and established presence in the community contribute to its exceptional value proposition.

Highlights

  • $4,200,000 asking price for this multi-tenant medical office building.
  • 28,052 square feet, situated on a 3.26-acre lot in Antioch, CA.
  • 7 tenants with 95.35% occupancy, generating a current NOI of $304,822 and a pro-forma NOI of $336,321.
  • 7.26% current cap rate and an 8.01% pro-forma cap rate.
  • Two-story, Class C building constructed in 1990 with 114 parking spaces.
  • Fee simple ownership.

Property Details for 3505-3515 Lone Tree Way

Property type
Office properties, Medical offices
Square Feet
28,052 SF
Class
C
Year Built
1990
Buildings
2
Stories
2
Lot Size (sq. ft)
142,006 SF
Units
9

Location Insight

City
Antioch
County
Contra Costa
State
California
Latitude
37.9874106
Longitude
-121.8062139
3505-3515 Lone Tree Way, Antioch, California

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3505-3515 Lone Tree Way
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