The Station | 25A Orinda Way, Orinda

Investment Overview

The Station at 25A Orinda Way presents a rare opportunity to acquire a fully entitled, building permit–ready mixed-use development site in downtown Orinda. 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 — Executed Letters of Intent across substantially all ground-floor market hall and retail space, with regional food, beverage, and artisan operators on ten-year terms.
• Fully Entitled & Building Permit–Ready — Use Permit, Design Review, and CEQA clearance complete; approximately $823,810 in in-lieu parking fees waived by the City of Orinda in May 2024.
• First New Ground-Up Commercial Building on Orinda's Village Side Since 1985 — A 40-year first, reflecting the submarket's acute barriers to entry and restrictive entitlement environment.
• Exceptional Lamorinda Demographics — Average household income of approximately $284,000, 90% homeownership rate, and a deep, high-discretionary consumer base across Orinda, Lafayette, and Moraga.
• Two Blocks from Orinda BART — Direct rail access to San Francisco (~25 min), Oakland (~13 min), and Berkeley (~10 min) — suburban demographics with true regional connectivity.
• Experiential, Placemaking Program — Anchored by a market hall with nine food and beverage stalls, ground-floor fitness or retail, Class A and flex office, and "The Yard" — a programmed outdoor courtyard with fire pits, event space, and landscaped seating.
• Embedded Buyer Optionality — Vetted steel-to-wood value-engineering path (10–15% base-building savings), negotiated framework for shared-parking with the adjacent 125-space office lot, and by-right convertibility of the office floor to residential under California state law.