401 Lennon Lane, Walnut Creek, CA

Property Type Office - General Office
Property Size 85,512 SF
Lot Size 5 Acre
Parking Spaces Avail. 188
Parking Ratio 2.20/ 1,000 SF
Property Tenancy Single Tenant
Building Class B
Year Built 1983

Location

Map
Street

City Walnut Creek, CA
Neighborhood Ygnacio Valley
Zip Code 94598
Market Bay Area

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 01 Mar, 2021
Purchase Price
Arm's Length True
Buyer Name

Market Trends

Average Actual Rents in Walnut Creek

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Walnut Creek Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $40.47
2020 Office Vacancy Rate 19.50%
2020 Office Completions (SF)

Walnut Creek Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $191.63
2020 Office Sales Volume $51.1M
2020 Number of Transactions 3

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Tax

Property Tax in 2021-2022 $174,606
Market Value* $15,654,145
Assessed Value $15,654,145

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 401 Lennon Lane?

401 Lennon Lane totals 85,512 square feet.

When was this property built?

401 Lennon Lane was built in 1983.

When was 401 Lennon Lane last sold?

401 Lennon Lane was last sold on 01 Mar, 2021.

What is the property tax for 401 Lennon Lane?

The property tax for 401 Lennon Lane in 2021-2022 was $174,606.

What is the market value for 401 Lennon Lane?

The market value* for 401 Lennon Lane in 2021-2022 was $15,654,145.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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