Mayhew Center Pleasant Hill CA

Strategically positioned within the expanding East Bay, this asset delivers exceptional regional connectivity via Highway’s 680, 24, and BART, providing immediate access to premier shopping, dining, and essential amenities. Situated inside the highly resilient Pleasant Hill/Concord/Walnut Creek submarket, the property benefits from strong localized fundamentals, rising occupancy trends, and steady rent growth. As core San Francisco and Silicon Valley markets face capital-intensive barriers to entry, this location stands out as a highly attractive, high-yield alternative supported by a strengthening local economy.Vincent Road Business Park is a premier value-add, multi-tenant asset consisting of three fully renovated, two-story buildings totaling ±62,877 square feet on a 1.9-acre site in the heart of the East Bay. A rare, approved Conditional Use Permit (CUP) allows for flexible uses including light industrial, retail, automotive sales, R&D, and full office space, making it the only property in Pleasant Hill with this level of versatility and ease of leasing. The ownership recently completed $1,500,000 in comprehensive capital improvements, including full roof replacements, HVAC overhauls with new rooftop pocket units and smart thermostats, energy-efficient Title 24 LED lighting, interior/exterior paint, upgraded flooring, and enhanced security with timed locks. Currently, 77% occupied by a diverse, recession-resistant mix of long- and short-term tenants, the property offers immediate stability with significant upside. An investor can capture substantial upside by leasing the remaining vacancies, implementing electrical and operational chargebacks to realize a projected 7.5%+ CAP rate in a core Bay Area market. Alternatively, an owner-user can occupy the second floor of 3315 Vincent Road while enjoying a robust, stable income stream from the rest of the park. Strategically located in Pleasant Hill, the business park offers exceptional regional access via Highway’s 680, 24, BART and Concord. Looking long-term, evolving California housing laws and robust local demand position this transit-accessible location as an eventual candidate for a future high-density, mixed-use residential redevelopment.