$26.6 Million Office Loan | Walnut Creek, CA

$26.6 Million Office Loan  |  Walnut Creek, CA_Propriété à vendre

Attributs

Status
Performing
Loan Purpose
Refinance
Origination Date
June 2021
Maturity Date
July 2026
Rate Type
Floating
Payment Type
Interest Only
Interest Rate
SOFR + 3.26%
Default Rate
Interest Rate + 4.00%
Appel d'offres
2026-05-28

Descriptif

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $26.6 Million Office Loan (the “Loan” or “Note”). The Loan is secured by the first priority Deed of Trust on the fee-simple interest in a Class-A office property in Walnut Creek, CA (the “Property” or “Collateral”). Scheduled to mature in July 2026, the Loan is performing with an unpaid principal balance of $26.6 million as of April 2026.


Situated on Walnut Creek’s most visible corner, the four-story office Property features a subterranean parking garage with 357 stalls (3.4 per 1,000 SF), underscoring its strength as a transit-oriented location. Built in 1988, the Property has undergone significant renovations over the past decade, with more than $4.0 million invested in interior and exterior common areas and building systems. Additionally, tenants benefit from immediate access to Walnut Creek BART station and downtown retail and lifestyle amenities. As of October 2026, the Property is 70% occupied with a WALT of 2.3 years.


The offering presents investors the unique opportunity to acquire the Loan at a favorable basis, significantly below replacement cost, with a potential path to ownership due to a near term maturity of the Loan.

...

Points forts de l'investissement

Buyer Optionality

The Loan provides investors the ability to potentially step into ownership position on a class-A office building at an attractive basis due to an upcoming note maturity.


Excellent Lifestyle Amenities

The Property is adjacent to excellent lifestyle amenities via Downtown Walnut Creek.


Fully Renovated Class A Office

The Property has undergone recent comprehensive renovations, resulting in minimal near-term capital requirements.


Unmatched Curb Presence

Located on the most visible corner in Walnut Creek, the Property attracts 95,000+ daily vehicles, ensuring exceptional visibility and accessibility for tenants.

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Dernière mise à jour
28 avr. 2026