Three-Building Office
1200-1350 Montego Walnut Creek, CA 94598
For Sale
Contact for pricing
Three separate office buildings totaling 122,821 square feet offer extensive on-site parking and street parking options.
Property Size122,821 SF
Lot Size5.52 Acres
Price / SF$244.26
Days on Market152
Property Features for 1200-1350 Montego
General Information
- Standard status
- Active
- Size
- 122,821 SF
- Lot size
- 5.52 Acres
- Property subtype
- OFFICE
Listing Agency:
Colliers | Walnut Creek
(925) 200-9150
Listed By:
Larry Easterly · License #CA-00958987
(925) 200-9150
Source:
Moodyscre
Added: Feb 24
Changed: Jul 26
Last Checked: Jul 26 at 3:51AM
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 Colliers | Walnut Creek
Investment Insights
Based on property information with market context.
Montego Ridge is a three-building office complex featuring three separate buildings on individual parcels: 1200 Montego Way (31,258 SF), 1250 Montego Way (24,923 SF), and 1350 Montego Way (66,640 SF). The property is presented for sale and includes on-site and nearby parking to support tenant operations.
Parking totals 338 on-site designated spaces, plus 37 street parking spaces (not metered). The remarks also note 16 additional parking spaces available across the street.
Each building is located on its own parcel within the overall complex at Montego Ridge, offering a configuration that can support different occupancy and leasing approaches.
Parking totals 338 on-site designated spaces, plus 37 street parking spaces (not metered). The remarks also note 16 additional parking spaces available across the street.
Each building is located on its own parcel within the overall complex at Montego Ridge, offering a configuration that can support different occupancy and leasing approaches.
Key Highlights
- Three‑building office complex totaling 122,821 SF: 1200 (31,258 SF), 1250 (24,923 SF), and 1350 Montego Way (66,640 SF)
- Located on 5.52 acres near John Muir Hospital, with each building on its own separate parcel
- 338 on‑site designated parking spaces plus 37 street parking spaces (not metered)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $3.61M | $29.40 |
| − Vacancy | −$650.0k | −$5.29 |
| EGI | $2.96M | $24.11 |
| − OpEx | −$740.2k | −$6.03 |
| NOI | $2.22M | $18.08 |
122,821 SF · lease $29.40/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$31.72M
$27.76M – $37.01M
NOI $2,220,727 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$46.43M
$40.62M – $54.16M
NOI $3,249,844 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Three separate office buildings totaling 122,821 square feet offer extensive on-site parking and street parking options.
Where is this office building located?
The property is located at 1200-1350 Montego Walnut Creek, CA.
What is the asking price?
The asking price for this property is $30,000,000.
What are key features of this property?
This property features: Three‑building office complex totaling 122,821 SF: 1200 (31,258 SF), 1250 (24,923 SF), and 1350 Montego Way (66,640 SF); Located on 5.52 acres near John Muir Hospital, with each building on its own separate parcel; 338 on‑site designated parking spaces plus 37 street parking spaces (not metered)
