Mayhew Center Pleasant Hill CA

Investment Overview

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.

Investment Highlights

• · Approved CUP Allows for Full Office, Showroom and Light Industrial Uses
• · 3 Building +/- 65,000 Square Foot Office Complex
• · 3 Parcels totaling +/- 1.9 Acres
• · Built in 1977 and Fully Renovated in 2017/2018
• · Well Maintained and Professionally Managed
• · Strong and Stable Tenancy
• · Diverse Floor Plans Accommodate Diverse Permitted Uses
• · Dedicated On-Site Parking
• · New Roof
• · Updated HVAC with Smart Thermostats
• · New Rooftop Package Units
• · New Title 24 Lighting
• · Natural Light
• · CCTV Security and Automated Locks
• · Easy BART access
• · Close to Highways 680, 24 and Contra Costa Blvd