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28267424
14666634

1444 Concannon Blvd, Livermore, CA 94550

JM
CA CA 01728720
Lee & Associates - Pleasanton
MR
CA 01512632
Lee & Associates - Pleasanton
Listed by Lee & Associates - Pleasanton
$1,422,200
886 days on market
Updated 30 days ago

The Well at Sunset

Details
Property Type Office, Retail
Sub Type Creative Office, Medical Office (+1)
Square Footage 2,188
Net Rentable (SqFt) 2,188
Units 1
Cap Rate 5.22%
NOI $74,304
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 03/31/2029
Remaining Term 2.8
Rent Bumps Yes
Lease Options One 5-Year @ FMV
Price per SqFt $650
Broker Co-Op Yes
Year Renovated 2021
Stories 1
Parking Spaces 3.57 per 1,000 sq ft
Investment Type Stabilized
Lease Commencement 04/01/2024
Occupancy Date 04/01/2024

Retail Leased Investment Condominium Unit | 5.22% CAP | 2,188 SqFt

Marketing description

Leased investment unit located on the northwestern corner of Building G and currently leased to AJ Bikes Sales & Repairs. Building Signage above the entrance of each unit is allowed for every unit within the project. Every unit is separately metered for PG&E with 200 amps of total power. Water is sub-metered for each unit and trash is included in the HOA dues which are equal to approximately $.56/sf/month.

Rare commercial investment sale opportunity. 5-year lease term through 3/31/29, true NNN lease, personal guaranty on lease. Please contact Brokers for additional information on the lease.

The Well at Sunset is a newly renovated project as of 2020. Each building was brought down to the studs/foundations and built back up with a brand new roof, siding, windows, electrical, etc. The four buildings on the northern end of the project were sold to a senior housing developer who has plans to construct a new senior housing development in the near future. The remaining 6 buildings on the south end of the project were renovated to be a new retail, medical, and office complex to serve the local community. Most retail, medical, and office uses are permitted in this zoning district. Tesla superchargers are onsite in front of Building A. Some outdoor patio areas are placed at key locations around the project. There is a 3.5 acre landscaped buffer zone between this project and the surrounding homes which will eventually be updated to include walking paths and benches once the senior housing development is finished.

Investment highlights

  • Highly visible freestanding single-story retail, office, medical buildings
  • Completely renovated in 2021
  • New restaurants opened summer 2022
  • New landscape and ADA compliant common areas
  • Affluent neighborhood with easy access from Silicon Valley and San Francisco metros
  • Medical, Office, & Retail Suites Perfect for Owner-Occupancy and/or Leased Investment Sales

Listing Contacts

JM
CA CA 01728720
Lee & Associates - Pleasanton
MR
CA 01512632
Lee & Associates - Pleasanton
Listed by Lee & Associates - Pleasanton

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$74,304.00
$6,192.00/mo

Valuation Metrics

0
DSCR
5.22%
Cap Rate
5.22%
ROI

Map

Zoning

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PDC-21-001 PlannedPlanned Development Commercial
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Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Jessica Mauser
License
CA 01728720
Brokerage
Lee & Associates East Bay
Title
Managing Principal
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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