Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1986
Building Area Gross
Occupancy 50.0 %

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive marketing advisor, is pleased to present the opportunity acquire the fee-simple interest in Urban West Business Park (the “Property” or “Urban West”), a 130,447 square foot boutique office building situated on 1.75 acres in Walnut Creek, California. Urban West boasts a prominent and strategic location within the master-planned Contra Costa Centre Transit Village offering direct access to abundant amenities, housing and the Pleasant Hill BART station. In addition, Urban West is directly adjacent to the Renaissance Hotel and Bay Club which serves as a central draw to residents and employees of the area.


Originally constructed in 1986, Urban West has benefited from durational institutional ownership while offering a new investor immediate and straight forward value-enhancement opportunities that will elevate the Property to the premier boutique, Class A asset in the sub-market.


Offered to the market for the first time in 20 years, Urban West presents investors with the opportunity to acquire a high-quality, transit oriented office asset with immediate upside in a premier suburban Bay Area location.

Investment Highlights

  • Institutional-quality boutique asset with immediate value creation potential
  • Offered at a substantial discount to replacement cost and basis to competitive set
  • Straight-forward business plan that will enhance Urban West's profile as the premier boutique class A office building in the sub-market
  • Elite sub-market in the 680 corridor offering abundant amenities, transit and surrounding executive housing
  • High-quality and diverse rent roll provides in-place cash flow and stability while executing value-add business plan
  • Notable tenants include:
    • Canon
    • Link
    • CanadianSolar
    • Goldman Sachs
Last Updated Date: 24 Aug 2022

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Last Updated Date: 24 Aug 2022

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