1200-1350 Montego Walnut Creek, CA 94598
This exceptional investment opportunity presents three medical office buildings totaling 122,821 square feet situated on a 5.52-acre lot in Walnut Creek, California. The complex, known as Montego Ridge, comprises three separate buildings located at 1200, 1250, and 1350 Montego Way, each on its own parcel. Building sizes are approximately 31,258 square feet, 24,923 square feet, and 66,640 square feet respectively. Constructed in 1980, the property offers ample parking with 338 designated on-site spaces, supplemented by 37 unmetered street spaces and an additional 16 spaces across the street. The asking price is $30,000,000, translating to a price per square foot of $244.26. This property's location adjacent to John Muir Hospital presents a unique investment or redevelopment opportunity in a highly desirable medical corridor within Contra Costa County, zip code 94598. The property's strategic location and substantial size make it an attractive prospect for investors and developers seeking a significant presence in the thriving Walnut Creek healthcare market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.