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Multi-Tenant Medical Office Building

1181-1191 Central Blvd, Brentwood, CA

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For Sale

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High-quality medical office building in thriving Brentwood, California.

Type:OFFICE

Property size:

11,370 SF

Lot size:

2.46 Acres

Price / SF:

$341/SF

HighLights

High‑quality, meticulously maintained medical office building from original developer.
Located in thriving Brentwood with affluent, growing population and new development.
Easy access to Highway 4, John Muir, and abundant retail amenities.
Healthcare properties offer stability, performing well in various economic conditions.
Multi‑tenant building with annual lease increases.
Beautiful landscaping.

We can help!

Listing Contact

Forrest Gherlone

Learn more

For Sale

Contact for pricing

High-quality medical office building in thriving Brentwood, California.

Type:OFFICE

Property size:

11,370 SF

Lot size:

2.46 Acres

Price / SF:

$341/SF

Added:: Oct 21, 2024
Days on Market:: 603
Last Refresh:: May 20 at 8:27 pm

Property Features for 1181-1191 Central Blvd

General Information

Standard status: Active
Size: 11,370 SF
Lot size: 2.46 Acres
Property subtype: OFFICE

We can help!

Listing Contact

Forrest Gherlone

Listing agent Mike Zylstra License #01376723

Listing office Newmark | Walnut Creek

Listing date Oct 21, 2024

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Walnut Creek

HighLights

High‑quality, meticulously maintained medical office building from original developer.
Located in thriving Brentwood with affluent, growing population and new development.
Easy access to Highway 4, John Muir, and abundant retail amenities.
Healthcare properties offer stability, performing well in various economic conditions.
Multi‑tenant building with annual lease increases.
Beautiful landscaping.

Overview

This is a high-quality multi-tenant medical office building. The property has been meticulously maintained with beautiful landscaping by the original developer. Several of the leases include annual increases. The location provides easy access to Highway 4, John Muir, and abundant retail amenities. Healthcare properties typically perform well in challenging economic times, as the tenants provide essential medical services. Brentwood is thriving with an affluent, growing population and significant new residential and commercial development. The property contains 11,370 square feet and is located at 1181-1191 Central Blvd, Brentwood, CA.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$334.3k	$29.40
− Vacancy	−$60.2k	−$5.29
EGI	$274.1k	$24.11
− OpEx	−$68.5k	−$6.03
NOI	$205.6k	$18.08

11,370 SF · lease $29.40/SF/yr · vacancy 18.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$2.94M

$2.57M – $3.43M (±1% cap)

NOI $205,581 @ 7.0% cap · market cap 5.29%

Second Best

Healthcare Medical

$2.41M

$2.11M – $2.81M (±1% cap)

NOI $168,538 @ 7.0% cap · market cap 4.34%

Theoretical Best

Office A

$4.30M

$3.76M – $5.01M (±1% cap)

NOI $300,850 @ 7.0% cap · market cap 7.74%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Location Insight

Map
Local Demand

City: Brentwood
County: Contra Costa
State: California
Longitude: -118.481
Latitude: 34.0574

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For sale
Medical Office Space
CA
Brentwood
1181-1191 Central Blvd

What type of property is this?

Medical Office Space - High-quality medical office building in thriving Brentwood, California.

Where is this medical office space located?

The property is located at 1181-1191 Central Blvd Brentwood, CA.

What is the asking price?

The asking price for this property is $3,885,000.

What are key features of this property?

This property features: High‑quality, meticulously maintained medical office building from original developer.; Located in thriving Brentwood with affluent, growing population and new development.; Easy access to Highway 4, John Muir, and abundant retail amenities.

1181-1191 Central Blvd, Brentwood, CA

High-quality medical office building in thriving Brentwood, California.

Property Features for 1181-1191 Central Blvd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Office B

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Established Brentwood Restaurant Opportunity

Class A Office Suite

Red Robin NNN Ground Lease

Downtown Restaurant with Outdoor Dining

Brentwood Flex Space Available

Freeway Adjacent Retail Building

East Bay Flex Condo

Two-Tenant Net Leased Investment

Shadow Lakes Parking Opportunity

Brentwood Multi-Tenant Specialty Property

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