1191 Central BlvdBrentwood, CA 94513

Property Details for 1191 Central Blvd

Year built

2002

Lot size

0.88 AC

Property size (Sq ft)

11,467 SF

Property type

Office buildings

APN

013-010-090-2

APU

130100902

Description

This exceptional Class A medical office building, located at 1191 Central Blvd in Brentwood, California, presents a compelling investment opportunity. The 11,370 square foot, single-story building boasts 100% occupancy with four corporate-guaranteed tenants under net leases. Built in 2002, this meticulously maintained property features beautiful landscaping and benefits from staggered lease expirations with built-in rental increases, ensuring a stable and growing income stream. The property enjoys a 6.50% cap rate and a strong net operating income (NOI) of $272,044. Situated within the thriving TownCentre Brentwood, this investment benefits from convenient access to Highway 4, John Muir, and abundant retail amenities. The property's PD-10 zoning and fee-simple ownership provide additional investment security. The building's location in Brentwood, a rapidly growing area with an affluent population and significant new development, further enhances its long-term value. This stabilized investment is ideal for those seeking a passive income stream with built-in growth potential in a resilient sector of the commercial real estate market. The APN is 013-010-090-2. This is a fee-simple ownership opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $5,296,172

  6.5%

  $4,888,774

  7%

  $4,539,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,787,474

  Geo Method

  $3,198,261

• Alternative Use

  Use

  Valuation

  Residential

  $6,062,080

  Hospitality

  $5,552,832

  Educational

  $4,619,891

  Medical

  $4,778,776

  Retail

  $7,186,498

Location Insight

City

Brentwood

County

Contra Costa

State

California

Latitude

37.9382

Longitude

-121.7

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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