The Station - 25A Orinda Way, Orinda
Mixed Use | 24,110 SqFt
Marketing description
The Station at 25A Orinda Way presents a rare opportunity to acquire a fully entitled, building permit-ready mixed-use development site in the heart of downtown Orinda — one of the Bay Area's most affluent and supply-constrained suburban markets. Situated on a ±0.47-acre (±20,473 SF) infill parcel two blocks from the Orinda BART Station and directly across from the Orinda Library and Community Park, the Property is approved for an ±24,110 SF mixed-use building anchored by a boutique food market hall, with ground-floor fitness and retail, and second floor creative office space.
The offering is differentiated by an advanced pre-leasing position. Letters of Intent are in place across substantially all ground-floor market hall and retail space, representing an elite lineup of regional restaurant, craft beverage, and artisan operators committed to ten-year terms. This pre-committed tenant pipeline materially de-risks lease-up and accelerates stabilization for an incoming buyer.
The Station will be the first new ground-up commercial building delivered on the Village side of downtown Orinda since the City's incorporation in 1985 — a distinction reflecting the submarket's structural barriers to entry and the scarcity of comparable development opportunities. Combined with Lamorinda's exceptional demographic profile, deep-rooted household spending base, and the absence of any competing market hall or experiential mixed-use product within the trade area, the Station represents an executable, near-term development opportunity with a defined program, an engaged tenant pool, and an irreplaceable location.
Investment highlights
- PRE-COMMITTED TENANT LINEUP VIA LOIs - Assembled roster of regional food, beverage, and artisan operators with executed Letters of Intent covering substantially all market hall and ground-floor retail space on ten-year terms, materially de-risking lease-up and delivering a differentiated, ready-to-activate tenant mix to an incoming buyer.
- FULLY ENTITLED & BUILDING PERMIT-READY - All discretionary approvals are in place, including Use Permit, Design Review, and CEQA clearance. No minimum parking requirement applies to the Property under California Assembly Bill 2097, and approximately $823,810 in in-lieu parking fees were waived by the City of Orinda in May 2024. Building permits are ready to issue - positioning a buyer to move directly into construction without zoning, design, or environmental risk.
- FIRST NEW GROUND-UP COMMERCIAL BUILDING ON ORINDA'S VILLAGE SIDE SINCE 1985 - The Station will be the first new commercial building delivered on the Village side of downtown Orinda since the City's incorporation 40 years ago — a reflection of the submarket's acute barriers to entry, restrictive entitlement environment, and the fundamental scarcity of comparable development opportunities.
- EXCEPTIONAL LAMORINDA DEMOGRAPHICS - Downtown Orinda sits at the center of one of Northern California's most affluent suburban markets, with an average household income of approximately $284,000, a 90% homeownership rate, and a deep, high-discretionary consumer base spanning Orinda, Lafayette, and Moraga — three communities long underserved by experiential retail and food-and-beverage offerings.
- TWO BLOCKS FROM ORINDA BART - Situated a short walk from the Orinda BART Station, the Property offers direct rail access to downtown San Francisco (approximately 25 minutes), Oakland (approximately 13 minutes), and Berkeley (approximately 10 minutes), combining suburban demographics with true regional connectivity — a profile rarely available in core Lamorinda.
- EXPERIENTIAL, PLACEMAKING PROGRAM - The approved development is anchored by a market hall with nine diverse food and beverage stalls, complemented by ground-floor fitness or retail, Class A and flex office, and a programmed outdoor courtyard ("The Yard") with fire pits, event space, and landscaped seating — creating a true destination in a submarket with no comparable offering.
- EMBEDDED BUYER OPTIONALITY - The approved program offers meaningful value-add flexibility for an incoming buyer, including a vetted steel-to-wood value-engineering path pre-confirmed with the City and County (with base-building savings estimated at 10-15 percent), a negotiated framework for a shared-parking arrangement with the adjacent 125-space office lot, and — by right under California state law — the ability to convert the approved office floor to residential or pursue additional density through a future entitlement amendment.
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