For Sale
$30,000,000

1200-1350 MontegoWalnut Creek, CA 94598

Prime Walnut Creek medical office buildings, redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents three medical office buildings totaling 122,821 square feet situated on a 5.52-acre lot in Walnut Creek, California. The complex, known as Montego Ridge, comprises three separate buildings located at 1200, 1250, and 1350 Montego Way, each on its own parcel. Building sizes are approximately 31,258 square feet, 24,923 square feet, and 66,640 square feet respectively. Constructed in 1980, the property offers ample parking with 338 designated on-site spaces, supplemented by 37 unmetered street spaces and an additional 16 spaces across the street. The asking price is $30,000,000, translating to a price per square foot of $244.26. This property's location adjacent to John Muir Hospital presents a unique investment or redevelopment opportunity in a highly desirable medical corridor within Contra Costa County, zip code 94598. The property's strategic location and substantial size make it an attractive prospect for investors and developers seeking a significant presence in the thriving Walnut Creek healthcare market.

Highlights

  • Unique investment/redevelopment opportunity: Three medical office buildings totaling 122,821 square feet on a 5.52-acre lot, adjacent to John Muir Hospital in Walnut Creek, CA.
  • Three separate buildings located at 1200, 1250, and 1350 Montego Way, each on its own parcel.
  • Ample parking: 338 designated spaces, plus 53 additional spaces (37 unmetered street spaces and 16 across the street).
  • Building sizes: 1200 Montego Way - 31,258 sq ft; 1250 Montego Way - 24,923 sq ft; 1350 Montego Way - 66,640 sq ft.
  • $30,000,000 asking price ($244.26/sq ft).

Property Details for 1200-1350 Montego

Property type
Office properties, Medical offices
Square Feet
122,821 SF
Year Built
1980
Lot Size (sq. ft)
240,451 SF

Location Insight

City
Walnut Creek
County
Contra Costa
State
California
Latitude
37.9090721
Longitude
-122.0494071
1200-1350 Montego, Walnut Creek, California

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1200-1350 Montego
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