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Medical Office Buildings Near Hospitals

309-311 Lennon Lane, Walnut Creek, CA 94598

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For Sale

$3,799,999

Office/medical buildings near Kaiser Permanente & John Muir Medical Offices.

Type:Office

Property size:

14,878 SF

Price / SF:

$255/SF

HighLights

Located in the Shadelands medical submarket near Kaiser Permanente & John Muir Medical Offices.
Suitable for investment or owner/user.
Proximity to major medical entities including BASS Medical and Benioff Children’s Hospital.
Close to dining and recreation destinations like Heather Farm Park and Boundary Oak Golf Course.
Located in Walnut Creek.
Near shopping and dining at the Orchards Shopping Center.

We can help!

Contact an agent

Matt Hatfield

For Sale

$3,799,999

Office/medical buildings near Kaiser Permanente & John Muir Medical Offices.

Type:Office

Property size:

14,878 SF

Price / SF:

$255/SF

Added:: Nov 21, 2025
Days on Market:: 224
Last Refresh:: May 19 at 8:01 pm

Property Features for 309-311 Lennon Lane

General Information

Standard status: Active
Size: 14,878 SF
Property subtype: Office

We can help!

Contact an agent

Matt Hatfield

Listing office TRI Commercial | Walnut Creek

Listing date Nov 21, 2025

Source Tricommercial

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 TRI Commercial | Walnut Creek

HighLights

Located in the Shadelands medical submarket near Kaiser Permanente & John Muir Medical Offices.
Suitable for investment or owner/user.
Proximity to major medical entities including BASS Medical and Benioff Children’s Hospital.
Close to dining and recreation destinations like Heather Farm Park and Boundary Oak Golf Course.
Located in Walnut Creek.
Near shopping and dining at the Orchards Shopping Center.

Overview

Located in the medical submarket of Shadelands in Walnut Creek, 309-311 Lennon Lane consists of office and medical buildings. The property is suitable for investment or owner/user opportunities. The surrounding submarket supports major medical entities such as Kaiser Permanente, John Muir, BASS Medical, and Benioff Children’s Hospital. The Shadelands area offers dining and recreation destinations, including Heather Farm Park, Lime Ridge Open Space, Boundary Oak Golf Course, Diablo Shadows Park, and Orchards Playground at the Orchards Shopping Center. Dining options include Mike Hess Brewing, Jack’s Urban Eats, MOD Pizza, California Fish Grill, and Burger Lounge. The property has a size of 14878 square feet.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$437.4k	$29.40
− Vacancy	−$78.7k	−$5.29
EGI	$358.7k	$24.11
− OpEx	−$89.7k	−$6.03
NOI	$269.0k	$18.08

14,878 SF · lease $29.40/SF/yr · vacancy 18.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$3.84M

$3.36M – $4.48M (±1% cap)

NOI $269,009 @ 7.0% cap · market cap 7.08%

Second Best

Healthcare Medical

$3.15M

$2.76M – $3.68M (±1% cap)

NOI $220,537 @ 7.0% cap · market cap 5.80%

Theoretical Best

Office A

$5.62M

$4.92M – $6.56M (±1% cap)

NOI $393,672 @ 7.0% cap · market cap 10.36%

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

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Similar Places Nearby

VCA Encina Veterinary Medical Center — 2803 Ygnacio Valley Rd, Walnut Creek, CA 94598
Banfield Pet Hospital — 1780 Ygnacio Valley Rd, Walnut Creek, CA 94598
Atwater Stephen W DVM — 2803 Ygnacio Valley Rd, Walnut Creek, CA 94598
Wobbler Syndrome — Walnut Creek, CA 94598
Dermatology for Animals - Walnut Creek — 2255 Ygnacio Valley Rd Suite F, Walnut Creek, CA 94598

Location Insight

Map
Local Demand

City: Walnut Creek
County: Contra Costa
State: California
Longitude: -122.03
Latitude: 37.9262

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$3,799,999

14,878 SF

Medical Office Buildings Near Hospitals

Office/medical buildings near Kaiser Permanente & John Muir Medical Offices.

Walnut Creek, CA 94598

View Details

For sale
Medical Office Space
CA
Walnut Creek
94598
309-311 Lennon Lane

What type of property is this?

Medical Office Space - Office/medical buildings near Kaiser Permanente & John Muir Medical Offices.

Where is this medical office space located?

The property is located at 309-311 Lennon Lane Walnut Creek, CA.

What is the asking price?

The asking price for this property is $3,799,999.

What are key features of this property?

This property features: Located in the Shadelands medical submarket near Kaiser Permanente & John Muir Medical Offices.; Suitable for investment or owner/user.; Proximity to major medical entities including BASS Medical and Benioff Children’s Hospital.