MONTEGO RIDGE||​ WALNUT CREEK, CA

±122,820 SF Three Building Campus
±25,000 to ±67,000 SF Spaces Available on ±5.52 Acres

Unique Investment Opportunity For Sale and For Lease

1200, 1250 & 1350 Montego Way, Walnut Creek, CA

PRESENTED BY:

Colliers International

1850 Mt Diablo Blvd, #200

Walnut Creek, CA 94596

925 279 0120

Property Summary

EXECUTIVE SUMMARY

Colliers International, is pleased to present the opportunity to lease or purchase Montego Ridge Business Park located in Walnut Creek, California. The property consists of three two-story office buildings with over 1,000 feet of frontage on Ygnacio Valley Road. The Business Park totals approximately 122,820 square feet of buildings over 5.524 acres of land. The property is currently vacant. ​ This is the only available campus type property within the Walnut Creek vicinity.

 

Montego Ridge is located just one mile from downtown Walnut Creek and half a mile from John Muir Medical Center, the region’s primary trauma center. Uses for the site can range from office, medical office, assisted living, and other residential care uses.

 

Each building at Montego Ridge is located on a separate parcel. The ownership is making available buildings on a flexible strategy by selling or leasing each building individually, in combination or selling the entire campus.

 

The ownership invested more than $3.4 million in securing the roof, equipment, landscaping and exterior renovations. However, due to increased demand for senior housing and rehabilitation uses, would consider demolishing buildings for land.

PROPERTY INFORMATION

Total Rentable Square Feet:​ ±122,821 SF

Total Site Area:​ ±5.524 Acres

Year Built:​ 1978-1980

Zoning:​ PD888 with O-C Overlay (Office, Medical)

Parking: 405 parking spaces

Frontage: ±1,000 feet on Ygnacio

Foundation:​ Concrete Slab

Floors:​ Concrete Slab and 1 1/8” plywood subfloor

Exterior Walls:​ Fiber Cement Siding and Stucco

Roof:​ 50 mil, PVC roofing membrane

Windows: Single pane tempered glass

Lobby: Clear redwood paneling, sheetrock

Common Area:​ Carpet tiles, Sheetrock walls, drop down ceiling tiles

Ceilings: ​ Sheetrock and top coated hard tops, drop down ceiling tiles

Lighting:​ T8 fluorescent tubes

Heating & Cooling: Carrier 40-ton Box car air to air unit for cooling, 150,000BTU Modine(14) constant velocity perimeter heating

Building Automation:​ System Johnson Metasys Fire Protection: Fire sprinklers in all buildings. Temp. activated Halon Systems(HFC-125) in bldg 1350 Data & File Room. 1250 Phone room

EXECUTIVE SUMMARY

Colliers International, is pleased to present the opportunity to lease or purchase Montego Ridge Business Park located in Walnut Creek, California. The property consists of three two-story office buildings with over 1,000 feet of frontage on Ygnacio Valley Road. The Business Park totals approximately 122,821 square feet of buildings over 5.524 acres of land. The property is currently vacant. ​ This is the only available campus type property within the Walnut Creek vicinity.

 

Montego Ridge is located just one mile from downtown Walnut Creek and half a mile from John Muir Medical Center, the region’s primary trauma center. Uses for the site can range from office, medical office, assisted living, and other residential care uses.

 

Each building at Montego Ridge is located on a separate parcel. The ownership is making available buildings on a flexible strategy by selling or leasing each building individually, in combination or selling the entire campus.

 

The ownership invested more than $3.4 million in securing the roof, equipment, landscaping and exterior renovations. However, due to increased demand for senior housing and rehabilitation uses, would consider demolishing buildings for land.

PROPERTY INFORMATION

Total Rentable Square Feet:​ ±122,821 SF

Total Site Area:​ ±5.524 Acres

Year Built:​ 1978-1980

Zoning:​ PD888 with O-C Overlay (Office, Medical)

Parking: 405 parking spaces

Frontage: ±1,000 feet on Ygnacio

Foundation:​ Concrete Slab

Floors:​ Concrete Slab and 1 1/8” plywood subfloor

Exterior Walls:​ Fiber Cement Siding and Stucco

Roof:​ 50 mil, PVC roofing membrane

Windows: Single pane tempered glass

Lobby: Clear redwood paneling, sheetrock

Common Area:​ Carpet tiles, Sheetrock walls, drop down ceiling tiles

Ceilings: ​ Sheetrock and top coated hard tops, drop down ceiling tiles

Lighting:​ T8 fluorescent tubes

Heating & Cooling: Carrier 40-ton Box car air to air unit for cooling, 150,000BTU Modine(14) constant velocity perimeter heating

Building Automation:​ System Johnson Metasys

Fire Protection: Fire sprinklers in all buildings. Temp. activated Halon Systems(HFC-125) in bldg 1350 Data & File Room. 1250 Phone room

1200 MONTEGO

±31,258 rentable square feet

• Parcel number: 140-260-031

• 2-stop hydraulic elevator served

• 208/120V 3-phase power

1250 MONTEGO

±24,922 rentable square feet

• Parcel number: 140-260-032

• 3-stop hydraulic elevator served

• 208/120V 3-phase power

1350 MONTEGO

±66,640 rentable square feet

• Parcel number: 140-260-028-0

• 2-stop hydraulic elevator served

• 480/277V 3-phase power

Floorplans

1200 MONTEGO

First Floor

Second Floor

1250 MONTEGO

First Floor

Second Floor

1350 MONTEGO

First Floor

Second Floor

Development Scenarios

DEVELOPMENT SCENARIO A

DEVELOPMENT SCENARIO B

AS-BUILT

Zoning

ZONING INFORMATION

The Montego Ridge Business Park zoning designation is PD-888 under a General Plan designation of Office Commercial (OC). Permitted uses include office and medical office. The zoning ordinance indicates residential care and skilled nursing uses are conditionally permitted. Please see the list of uses to the right.

 

*Montego Ridge is located outside of the Core Area

 

Details outlined for each permitted use:

 

L(23) Businesses whose primary activities involve walk-in customer visits (including but not limited to document preparation centers; real estate agencies; and public offices for title companies, mortgage brokers, stock brokers, and financial advisors) are permitted on the ground floor of a multistory building when located west of North/South California Boulevard; otherwise permitted subject to L(27) below.

 

L(26) Not permitted on the ground floor within fifty (50) feet from the street line of a Core Area retail street; otherwise conditionally permitted. Notwithstanding the foregoing, lobbies and entrance areas accessory to the use are permitted within fifty (50) feet of a Core Area retail street when not occupying more than ten percent (10%) of the gross floor area of the portion of the ground floor within fifty (50) feet of the street line, nor more than ten percent (10%) of the ground floor building frontage facing a street line; however, in no case shall such lobbies and entrance areas be restricted to less than fifteen (15) feet in width.

 

L(27) Not permitted on the ground floor within fifty (50) feet from the street line of a Core Area retail street; otherwise permitted. Notwithstanding the foregoing, lobbies and entrance areas accessory to the use are permitted within fifty (50) feet of a Core Area retail street when not occupying more than ten percent (10%) of the gross floor area of the portion of the ground floor within fifty (50) feet of the street line, nor more than ten percent (10%) of the ground floor building frontage facing a street line; however, in no case shall such lobbies and entrance areas be restricted to less than fifteen (15) feet in width.

Medical & Professional Office

Allowed Use: L(23)

Research & Development

Allowed Use: L(27)

Clubs & Lodges

Allowed Use: L(26)

College, Public or Private

Allowed Use: L(26)

Emergency Medical Care

Allowed Use: L(27)

Government Offices

Allowed Use: L(27)

Religious Assembly

Requires Conditional Use Permit

Residential Care Facility

Allowed Use: L(26)

Schools, Public or Private

Allowed Use: L(26)

Skilled Nursing Facilities

Allowed Use: L(27)

Location

TRANSPORTATION

Access to and from Montego Ridge is a breeze. From downtown Montego Way is the third right after Civic Drive. When returning to downtown Tampico Drive has two left turn lanes at the Ygnacio Valley Road intersection. Contra Costa Transit, the regional bus system has the following routes. Bus stops are indicated on the aerial above.

 

FRONTAGE ALONG MAJOR THOROUGHFARE

The Property enjoys prominent frontage along Ygnacio Valley Road, Walnut Creek’s main thoroughfare. With nearly 100,000 vehicles passing the Property each day, Montego Ridge allows for identity along one of Walnut Creek’s busiest transit corridors. The Property also benefits from proximity to I-680, downtown Walnut Creek, and BART.

CLOSE TO JOHN MUIR, CONTRA COSTA COUNTY'S ONLY TRAUMA CENTER

The Property is located just half a mile from John Muir Medical Center, a 554-

 

bed hospital that is designated as the only trauma center for Contra Costa County. The hospital specializes in areas such as cardiac, emergency, trauma, and cancer care. Despite rising demand, there is currently no new medical office product being built in Walnut Creek. Montego Ridge is well positioned to capitalize on this supply / demand imbalance and accommodate medical users seeking a location that is proximate to this crucial regional medical center.

Contact

Montego Ridge

1200, 1250 & 1350 Montego Way, Walnut Creek, CA

PRESENTED BY:

Colliers International

1850 Mt Diablo Blvd, #200

Walnut Creek, CA 94596

925 279 0120

© 2020 :: Colliers International

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2020. All rights reserved.