3505-3515 Lone Tree WayAntioch, CA 94509

Property Details for 3505-3515 Lone Tree Way

Year built

1990

Lot size

3.26 AC

Property size (Sq ft)

28,052 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Antioch

County

Contra Costa

State

California

Latitude

37.9874

Longitude

-121.806

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