High-Density Residential Redevelopment or Medical Office Reposition Opportunity

High-Density Residential Development or Medical Office Reposition Opportunity; 1.69 Acre Lot with Ample Parking and Large Setbacks
Covered Land Play; 82% Occupied Multi-Tenant Office with Month-to-Month Tenant Base
Located within Close Proximity to Several Apartment Complexes as well as Rheem Valley Shopping Center and Campolindo High School
Very High Demand for New Residential Developments and Medical Services in the Immediate Trade Area

Essential CRE is pleased to present the opportunity to purchase the Moraga Executive Plaza located at 346 Rheem Blvd in Moraga, CA. The subject property is a two-story, 17,600 square foot professional office building that resides on 1.69 acres of land. The Moraga Executive Plaza was built in 1984 and features several small office suites on each floor with a majority of the tenants on month-to-month leases. The subject property is ideally situated for high-density residential development or medical office reposition. The large lot and setbacks provide for an optimal configuration that utilizes the site to its highest potential without negatively impacting the surrounding trade area.

Moraga is located in the East Bay of San Francisco surrounded by the rolling green hills of Contra Costa County. While it is a suburban area with a population of approximately 17,692 people, it is only 13 miles away from nearby Oakland and Berkeley as well as 22 miles away from San Francisco. Moraga is also the home of St. Mary’s College, a prestigious, four-year, private college. Moraga offers a variety of restaurants, retail shops, farmers markets, trails, and parks. With highly rated public schools, Moraga is considered an amazing area to raise a family. Its proximity to large cities also makes it an ideal environment for young professionals and retirees.
Contra Costa County is home to more than 1.1 million residents and is comprised of 19 cities and many established communities, it is the ninth most populous county in the state of California. The county’s population is expected to grow by 29% by 2040. Contra Costa County has the highest home ownership ratein the Bay Area with approximately two-thirds of all homes in the county being occupied by their owners.