Three-Building Office
For Sale
Contact for pricing
1200-1350 Montego, Walnut Creek, CA 94598
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 Market247
Property Features for 1200-1350 Montego
General Information
Standard status
Active
Size
122,821 SF
Total Parking Spaces
391
Lot size
5.52 Acres
Property subtype
OFFICE
Listing Agency:
Colliers | Walnut Creek
(925) 279-0120
Listed By:
Larry Easterly · License #CA-00958987
(925) 200-9150
Source:
Moodyscre
Added: Feb 24
Changed: Oct 25
Last Checked: Oct 28 at 10:40AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$2,220,727
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$44,414,540
$44.4M
Cap Rate 7%
$31,724,671
$31.7M
Cap Rate 9%
$24,674,744
$24.7M
Market Conditions
NOI Build-Up for 122,821 SF
Gross rent
$3.61M $29.40/SF
− Vacancy
−$650.0K −$5.29/SF
EGI
$2.96M $24.11/SF
− OpEx
−$740.2K −$6.03/SF
NOI
$2.22M $18.08/SF
Area
Contra Costa County, CA
Vacancy
18.00%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$44,414,540
Cap Rate 7%
$31,724,671
Cap Rate 9%
$24,674,744
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,658
Businesses Nearby
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Business Placement
Demographics for 94598, CA
26,826
Population
10,735
Households
2.5
Avg Household Size
46
Median Age
74%
College-Educated
98%
High-School Grad
20.6 sq mi
ZIP Area
1,302
Density / Sq Mi
$188,170
Median Household Income
$99,757
Median Earnings
$2,989
Median Rent
$1,307,100
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
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)
