Class B Office
For Sale
$6,500,000
140 Gregory Ln, Pleasant Hill, CA 94523
Two-story office property with an atrium, mature landscaping, and on-site parking near major highways.
Property Size31,092 SF
Price / SF$209.06
Days on Market48
Property Features for 140 Gregory Ln
General Information
Standard status
Active
Size
31,092 SF
Class
Class B
Property subtype
Office
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
two-story atrium
mature landscaping
on-site parking
Building Details
Year Built
1984
Buildings
1
Building Size
31,092 SF
Listing Agency:
Walnut Creek
Listed By:
Eric Erickson · License #CA-01177336
(925) 279-5580
Source:
Colliers
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 28 at 4:44AM
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 Walnut Creek
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Investment Insights
Based on property information with market context.
Built in 1984, this Class B office property contains 31,092 square feet across a two-story configuration. A central atrium and mature landscaping add shared interior and exterior features, while generous on-site parking supports daily building operations. The property is currently 100% occupied.
Located at 140 Gregory Ln in Pleasant Hill, the building sits directly off I-680 and Highway 242. City Offices are across the street, with Downtown Pleasant Hill retail amenities nearby. The property’s office configuration accommodates a wide range of tenant uses.
Located at 140 Gregory Ln in Pleasant Hill, the building sits directly off I-680 and Highway 242. City Offices are across the street, with Downtown Pleasant Hill retail amenities nearby. The property’s office configuration accommodates a wide range of tenant uses.
Key Highlights
- 31,092 SF office building constructed in 1984
- Two‑story atrium with mature landscaping
- Currently 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$562,174
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,243,480
$11.2M
Cap Rate 7%
$8,031,057
$8.0M
Cap Rate 9%
$6,246,378
$6.2M
Market Conditions
NOI Build-Up for 31,092 SF
Gross rent
$914.1K $29.40/SF
− Vacancy
−$164.5K −$5.29/SF
EGI
$749.6K $24.11/SF
− OpEx
−$187.4K −$6.03/SF
NOI
$562.2K $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%
$11,243,480
Cap Rate 7%
$8,031,057
Cap Rate 9%
$6,246,378
Alternative Uses
Best Use
Office B
$8.03M
$7.03M – $9.37M
NOI $562,174 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.75M
$10.28M – $13.71M
NOI $822,694 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,551
Businesses Nearby
Explore this area
Business Placement
Demographics for 94523, CA
35,272
Population
14,585
Households
2.4
Avg Household Size
42
Median Age
56%
College-Educated
96%
High-School Grad
7.2 sq mi
ZIP Area
4,899
Density / Sq Mi
$142,622
Median Household Income
$74,832
Median Earnings
$2,479
Median Rent
$1,038,400
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 - Two-story office property with an atrium, mature landscaping, and on-site parking near major highways.
Where is this office building located?
The property is located at 140 Gregory Ln Pleasant Hill, CA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 31,092 SF office building constructed in 1984; Two‑story atrium with mature landscaping; Currently 100% occupied
