Current Use by Public Records
- Office Spaces
Property Details for 3505-3515 Lone Tree Way
- Year built
- 1990
- Lot size
- 3.26 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents a two-building, multi-tenant medical office complex located at 3505-3515 Lone Tree Way, Antioch, CA 94509, in Contra Costa County. The property, built in 1990, boasts 28,052 square feet of gross leasable area situated on a 3.26-acre lot. Currently housing seven tenants, including specialists in neurology and ophthalmology, a mental health clinic, and other medical and related businesses, the property enjoys a 95.35% occupancy rate. Several tenants have occupied the space for over two decades, demonstrating strong tenant loyalty and stability. The property features ample parking with 114 surface stalls, including seven handicap-accessible spaces, and convenient access to Highway 4. The asking price is $4,200,000, representing a current cap rate of 7.26% and a pro-forma cap rate of 8.01%. The Net Operating Income (NOI) is $304,822, with a pro-forma NOI of $336,321. This Class C property is offered fee simple and features nine units spread across two, two-story buildings. Its prime location in Antioch, within easy reach of major transportation arteries and the Antioch BART station, makes it an attractive investment for both immediate returns and long-term growth potential. The property's strong tenant base and established presence in the community contribute to its exceptional value proposition.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Antioch
- County
- Contra Costa
- State
- California
- Longitude
- -121.806
- Latitude
- 37.9874
