For Sale
$1,875,000

10 Crow Canyon CtSan Ramon, CA 94583

San Ramon office building, excellent investment.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional San Ramon office building, located at 10 Crow Canyon Ct, 94583, presents a compelling investment opportunity. The 5,593 square foot property, built in 1982 and extensively renovated in 2023, boasts a Class B rating and is situated on a 0.08-acre lot. Currently operating at 100% occupancy with four units, the building features a diverse tenant mix including therapists, home health, and vocational consultants, ensuring stable income streams. The staggered lease expirations further mitigate risk. Recent capital expenditures included a new roof and new bathrooms, minimizing immediate maintenance needs. The property benefits from a gross lease structure, simplifying management. The asking price is $1,875,000, representing a price per square foot of $335.24, a 6.45% cap rate, and a current cap rate of 5.44%. Seller financing is available for qualified buyers, offering up to 70% LTV, 5% interest, and a 3-year term. This stabilized investment opportunity is ideally located in a serene setting with convenient access to amenities and I-680. The property is zoned under the San Ramon Specific Plan (APN: 208-490-020-4). This is a low-management, high-return investment perfect for a discerning buyer.

Highlights

  • 5,593 SF Class B office building in San Ramon, CA (94583) on a 0.08-acre lot.
  • Completely renovated in 2023, featuring a new roof and bathrooms.
  • 100% occupancy with a diverse tenant mix and staggered lease expirations.
  • Gross lease structure simplifies management.
  • Asking price: $1,875,000 ($335.24/SF), offering a 6.45% projected cap rate and a 5.44% current cap rate.
  • Seller financing available up to 70% LTV with a 5% interest rate and 3-year term.

Property Details for 10 Crow Canyon Ct

Property type
Office properties, Medical offices
Square Feet
5,593 SF
Class
B
Year Built/Renovated
1982/2023
Buildings
1
Lot Size (sq. ft)
3,485 SF
Units
4

Location Insight

City
San Ramon
County
Contra Costa
State
California
Latitude
37.7778967
Longitude
-121.9818975
10 Crow Canyon Ct, San Ramon, California

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10 Crow Canyon Ct
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