Mid-Sized Office Building | Oakland Blvd., Walnut Creek, CA

Date: May 2015
Labeled: ,
Size: 16,763
City: Walnut Creek

Just Sold | May 2015.

1220 Oakland Boulevard sold to a local investor who liked the stable occupancy with in place below market rents. The property was 100% leased to local credit tenants. We considered this property best of set with other properties in the immediate area coming on the market but not selling. This property has strong curb appeal, good access and superior parking.  Seller decided to dissolve its partnership and reinvest proceeds separately. We prepared an investment analysis and marketing package. The property was on the market for four months. Eric Erickson and Brett Weber represented the Seller and Larry Easterly represented the Buyer. Terms of the sale were all cash.

100% Leased | November 2012.

A long term tenant moved out of 7,680 sqft on the top floor after ten years of occupancy. Eric Erickson and Peter Gutzwiller leased the third floor to two tenants bringing the property to 100% occupancy. First lease was signed in July to a financial services company. The second lease was signed in November by an employee recruitment company. That company was a block away from 1220 Oakland Boulevard and needed to sublease their premises in order to move. Eric and Peter successfully leased the sublease premises in two leases to local real estate investors.

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