31 PANORAMIC WAY - LoopNet · property overview demographics & traffic counts aerials / map...
Transcript of 31 PANORAMIC WAY - LoopNet · property overview demographics & traffic counts aerials / map...
GREAT OWNER-USER OR INVESTOR OPPORTUNITY OFFERING MEMORANDUM
31 PANORAMIC WAYWALNUT CREEK, CALIFORNIA | AVAILABLE FOR SALE
Mitch Hertz Executive Director +1 925 876 1608 [email protected] CA LIC# 01161729
Chris M. Baker Senior Director +1 925 627 2888 [email protected] CA LIC # 01334466
The information contained in this marketing brochure (“Materials”) is proprietary and confidential. It is intended to be reviewed only by the person or entity receiving it from Cushman & Wakefield (“Agent”).
The Materials are intended to be used for the sole purpose of preliminary evaluation of the subject property (“Property”) for potential purchase.
The Materials have been prepared to provide unverified summary financial, physical, and market information to prospective buyers to enable them to establish a preliminary level of interest in potential purchase of the Property. The Materials are not to be considered fact. The information contained in the Materials is not a substitute for thorough investigation of the financial, physical, and market conditions relating to the Property.
The information contained in the Materials has been obtained by Agent from sources believed to be reliable, however, no representation or warranty is made regarding the accuracy or completeness of the Materials. Agent makes no representation or warranty regarding the Property, including but not limited to income, expenses, or financial performance (past, present, or future); size, square footage, condition, or quality of the land and improvements; presence or absence of contaminating substances (PCB’s, asbestos, mold, etc.); Compliance with laws and regulations (local, state, and federal); or, financial condition or business prospects of any tenant (tenant’s intentions regarding continued occupancy, payment of rent, etc). Any prospective buyer must independently investigate and verify all of the information set forth in the Materials. Any prospective buyer is solely responsible for any and all costs and expenses incurred in reviewing the Materials and/or investigating and evaluating the Property.
By receiving the Materials you are agreeing to the Confidentiality and Disclaimer set forth herein.
All Property showings are by appointment only and must be coordinated through the Agent.
31 PANORAMIC WAY WALNUT CREEK, CALIFORNIA / i
CONFIDENTIAL OFFERING MEMORANDUM
31 PANORAMIC WAYWALNUT CREEK, CALIFORNIA
Mitch Hertz Executive Director +1 925 876 1608 [email protected] CA LIC# 01161729
Chris M. Baker Senior Director +1 925 627 2888 [email protected] CA LIC # 01334466
1333 N. California Blvd, Suite 500 Walnut Creek, California 94596
cushmanwakefield.com
CONTENTSSection IProperty Overview 1
Section IIAerial Photo 2Retail Map 3Local Map 4
Section IIIPhotographs 5
Section IVParcel Map 9First Floor 10Second Floor 11
Section VSales Comparables 12Sales Comparables Map 13
Section VIDemographics & Traffic Counts 14
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PROPERTY
PHOTOGRAPHSPARCEL MAP & FLOOR PLANS
SALE COMPARABLES
PROPERTY OVERVIEW
Address 31 Panoramic Way APN 184-311-022-0
PROPERTY ATTRIBUTES
Property Type
Year Built
Occupancy
Two-story stand-alone office/medical building
1981
100% occupied
Square Footage per BOMA
Parking
±3,932 SF
17 Stalls (4.32/1,000)
PRICE $1,770,000
PROPERTY OVERVIEW
Rare opportunity to acquire an ideal owner-user or investment office/medical building that is served by an ADA accessible elevator lift and currently configured for three tenants. The building is located in the coveted Walnut Creek market and is well positioned between downtown Walnut Creek and the Rossmoor community. It also is within close proximity to Lafayette, making it an ideal location to tap into multiple affluent markets. The zoning allows for many uses including office and medical. The building has 17 onsite parking stalls, with ample street parking also surrounding the building. The building is situated just off of the highly traveled Olympic Boulevard, offering convenient access.
ZONING/PARKING
Click here for zoning and parking details
N-B Neighborhood Business District: Uses permitted in the N-B district shall be those uses for the carrying on of a neighborhood business, which is the barter, sale or exchange, to the consumer, of goods and services necessary for the day-to-day maintenance of a family. Neighborhood business uses shall be maintained and conducted wholly within enclosed buildings, except that areas set aside for the temporary parking of patrons’ vehicles need not be enclosed.
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PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &
FLOOR PLANS SALE COMPARABLESPROPERTY OVERVIEW
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PROPERTY
PHOTOGRAPHSPARCEL MAP & FLOOR PLANS
SALE COMPARABLES
N
TIC
E VA
LLEY
BLV
D.
TIC
E VA
LLEY
BLV
D.
OLYMPIC BLVD.OLYMPIC BLVD.
PAN
OR
AM
IC W
AY
PAN
OR
AM
IC W
AY
AERIAL PHOTO
31 Panoramic Way
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PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &
FLOOR PLANS SALE COMPARABLESAERIALS / MAP
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PROPERTY
PHOTOGRAPHSPARCEL MAP & FLOOR PLANS
SALE COMPARABLES
WALNUT CREEK RETAIL
1-MILE 3-MILE 5-MILEPopul. 12,793 83,930 185,846
Med HH $ $88,718 $107,828 $117,539
Avg HH $ $141,031 $163,469 $174,847
Employees 6,214 50,759 87,090
RETAIL MAP
31 Panoramic Way
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PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &
FLOOR PLANS SALE COMPARABLESAERIALS / MAP
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PROPERTY
PHOTOGRAPHSPARCEL MAP & FLOOR PLANS
SALE COMPARABLES
N
31 Panoramic Way
LOCAL MAP
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PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &
FLOOR PLANS SALE COMPARABLESAERIALS / MAP
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PROPERTY
PHOTOGRAPHSPARCEL MAP & FLOOR PLANS
SALE COMPARABLES
PHOTOGRAPHS
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PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &
FLOOR PLANS SALE COMPARABLESPHOTOGRAPHS
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PROPERTY
PHOTOGRAPHSPARCEL MAP & FLOOR PLANS
SALE COMPARABLES
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PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &
FLOOR PLANS SALE COMPARABLESPHOTOGRAPHS
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PROPERTY
PHOTOGRAPHSPARCEL MAP & FLOOR PLANS
SALE COMPARABLES
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PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &
FLOOR PLANS SALE COMPARABLESPHOTOGRAPHS
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PROPERTY
PHOTOGRAPHSPARCEL MAP & FLOOR PLANS
SALE COMPARABLES
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PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &
FLOOR PLANS SALE COMPARABLESPHOTOGRAPHS
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PROPERTY
PHOTOGRAPHSPARCEL MAP & FLOOR PLANS
SALE COMPARABLES
PARCEL MAP
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PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &
FLOOR PLANS SALE COMPARABLESPARCEL MAPS & FLOOR PLANS
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PROPERTY
PHOTOGRAPHSPARCEL MAP & FLOOR PLANS
SALE COMPARABLES
FIRST FLOOR
PAN
OR
AM
IC W
AY
PARKING AREA
StorageUnderStairs
Parking Area
OFFICE
WORKSHOP
EXAM RM
EXAM RM
OFFICE AREAOFFICE
RECEPTIONWAITING RM
Parking Area
EXAM RM
EXAM RM TEL RM
UPUP
UP
100
LEASE PLAN
Survey Accuracy: +/- %0.09
PREPARED FOR:Building Owner3439 7th AvenueCarmel, CA 93923
31 PANORAMIC WAYWALNUT CREEK, CA
TEL: (888) 393-6655FILE: 19-630
https://lt-fp.com
(As Measured: January 2020)FIRST FLOOR
PAN
OR
AMIC
WAY
Walkway: 509 s.f.
LASERTECH® is a registered US trademark of Lasertech® Floorplans Ltd.Copyright 1998 Lasertech® Floorplans Ltd., All Rights Reserved
AREAS COMPUTED IN ACCORDANCE WITHANSI/BOMA (Z65.1) 2017 OFFICE STANDARD,METHOD A (Multiple Load Factors Method).
FLOOR SUMMARY SFTotal Rentable 1,730
Total Occupant Storage 0
Total Usable 1,617
Total Tenant 1,617
Total Ancillary 0
Total Occupant 1,617
Floor Service 74
Building Service 58
Inter-Building Service 0
Building Amenity 0
Inter-Building Amenity 0
Total Vertical Penetration 0
Total Unenclosed Covered Gallery
0
Total Parking 0
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PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &
FLOOR PLANS SALE COMPARABLESPARCEL MAPS & FLOOR PLANS
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PROPERTY
PHOTOGRAPHSPARCEL MAP & FLOOR PLANS
SALE COMPARABLES
SECOND FLOOR
FLOOR SUMMARY SFTotal Rentable 2,202
Total Occupant Storage 0
Total Usable 1,859
Total Tenant 1,859
Total Ancillary 0
Total Occupant 1,859
Floor Service 167
Building Service 28
Inter-Building Service 129
Building Amenity 0
Inter-Building Amenity 0
Total Vertical Penetration 018
Total Unenclosed Covered Gallery
0
Total Parking 0
A B
OFFICE AREA
OFFICE
OFFICE
OFFICE
EXAM RM
EXAM RM
WAITING RM
WAITING RM
DN
RECEPTION
BREAK RM
EXAM RM
WAITING RM
Roof Acces
DN
DN
EXAM RM
200 201
LEASE PLAN
Survey Accuracy: +/- %0.09
PREPARED FOR:Building Owner3439 7th AvenueCarmel, CA 93923
31 PANORAMIC WAYWALNUT CREEK, CA
TEL: (888) 393-6655FILE: 19-630
LASERTECH® is a registered US trademark of Lasertech® Floorplans Ltd.Copyright 1998 Lasertech® Floorplans Ltd., All Rights Reserved
https://lt-fp.com
(As Measured: January 2020)SECOND FLOOR
Stairs: 99 s.f.
Stairs: 55 s.f.
AREAS COMPUTED IN ACCORDANCE WITHANSI/BOMA (Z65.1) 2017 OFFICE STANDARD,METHOD A (Multiple Load Factors Method).31 PANORAMIC WAY WALNUT CREEK, CALIFORNIA / 11
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &
FLOOR PLANS SALE COMPARABLESPARCEL MAPS & FLOOR PLANS
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PROPERTY
PHOTOGRAPHSPARCEL MAP & FLOOR PLANS
SALE COMPARABLES
City: Walnut Creek, CA
Building Size (SF): 6,500 SF
Sold: $2,750,000
Price/SF: $423.08
Property Type: Office/Retail
Date Sold: November 2018
City: Lafayette, CA
Building Size (SF): 9,924 SF
Sold: $4,090,000
Price/SF: $412.13
Property Type: Office
Date Sold: May 2019
(2) 306 Diablo Road
City: Walnut Creek, CA
Building Size (SF): 7,700 SF
Sold: $2,650,000
Price/SF: $334.16
Property Type: Office
Date Sold: March 2019
(1) 1196 Boulevard Way (4) 3249 Mt. Diablo Court(2) 2065 N Broadway
SALES COMPARABLES
City: Walnut Creek, CA
Building Size (SF): 3,830
Sold: $1,900,000
Price/SF: $496.08
Property Type: Office/Medical
Date Sold: April 2018
(2) 306 Diablo Road(3) 1411 Treat Blvd
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PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &
FLOOR PLANS SALE COMPARABLESSALE COMPARABLES
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PROPERTY
PHOTOGRAPHSPARCEL MAP & FLOOR PLANS
SALE COMPARABLES
1
2
4
3
SALES COMPARABLES MAP
31 Panoramic Way
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PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &
FLOOR PLANS SALE COMPARABLESSALE COMPARABLES
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PROPERTY
PHOTOGRAPHSPARCEL MAP & FLOOR PLANS
SALE COMPARABLES
2019 SUMMARY 1-MILE 3-MILE 5-MILE
Population 12,793 83,930 185,846
Households 6,420 38,744 77,762
Families 3,027 21,216 48,148
Average Household Size 1.94 2.14 2.35
Owner Occupied Housing Units 69.9% 64.5% 67.5%
Renter Occupied Housing Units 25.1% 30.7% 28.8%
Median Age 56.8 49.1 47.2
Median Household Income $88,718 $107,828 $117,539
Average Household Income $141,031 $163,469 $174,847
Per Capita Income $70,118 $75,322 $73,219
2023 SUMMARY
Population 13,311 87,434 192,443
Households 6,689 40,347 80,475
Families 3,141 21,981 49,654
Average Household Size 1.94 2.14 2.35
Owner Occupied Housing Units 70.7% 64.6% 68.0%
Renter Occupied Housing Units 24.6% 30.8% 28.7%
Median Age 58.1 49.2 47.4
Median Household Income $102,266 $123,526 $134,088
Average Household Income $159,760 $184,467 $195,418
Per Capita Income $79,438 $84,958 $81,779
TRENDS: 2018-2023 ANNUAL RATE
Population 0.80% 0.82% 0.70%
Households 0.82% 0.81% 0.69%
Families 0.74% 0.71% 0.62%
210,000CARS PER DAY
175,400CARS PER DAY
23,720 CARS PER DAY
23,031 CARS PER DAY
262,500 CARS PER DAY
31 Panoramic Way
DEMOGRAPHICS & TRAFFIC COUNTS
31 PANORAMIC WAY WALNUT CREEK, CALIFORNIA / 14
PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &
FLOOR PLANS SALE COMPARABLES DEMOGRAPHICS & TRAFFIC COUNTS
CONFIDENTIAL OFFERING MEMORANDUM
Mitch Hertz Executive Director
+1 925 876 1608 [email protected]
CA LIC# 01161729
Chris M. Baker Senior Director
+1 925 627 2888 [email protected]
CA LIC # 01334466
31 PANORAMIC WAYWALNUT CREEK, CALIFORNIA | AVAILABLE FOR SALE