31 PANORAMIC WAY - LoopNet · property overview demographics & traffic counts aerials / map property photographs parcel map & floor plans sale comparables property overview address

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.

31 PANORAMIC WAY WALNUT CREEK, CALIFORNIA / 1

PROPERTY OVERVIEW DEMOGRAPHICS & TRAFFIC COUNTSAERIALS / MAP PHOTOGRAPHS PARCEL MAP &

FLOOR PLANS SALE COMPARABLESPROPERTY OVERVIEW

https://f.datasrvr.com/fr1/319/56980/NB_Business_District_and_Parking.pdf



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



FLOOR PLANS SALE COMPARABLESAERIALS / MAP



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






SALE COMPARABLES

N

31 Panoramic Way

LOCAL MAP






SALE COMPARABLES

PHOTOGRAPHS



FLOOR PLANS SALE COMPARABLESPHOTOGRAPHS



SALE COMPARABLES






SALE COMPARABLES






SALE COMPARABLES






SALE COMPARABLES

PARCEL MAP



FLOOR PLANS SALE COMPARABLESPARCEL MAPS & 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






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





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


Sold: $4,090,000

Price/SF: $412.13

Property Type: Office

Date Sold: May 2019

(2) 306 Diablo Road



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


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



FLOOR PLANS SALE COMPARABLESSALE COMPARABLES



SALE COMPARABLES

1

2

4

3

SALES COMPARABLES MAP

31 Panoramic Way



FLOOR PLANS SALE COMPARABLESSALE COMPARABLES



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



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

Documents

31 PANORAMIC WAY - LoopNet · property overview demographics & traffic counts aerials / map property photographs parcel map & floor plans sale comparables property overview address