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2/19/18
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Oak Hill West, a four-building, 46.9k sf office complex in the East Bay city of Lafayette, sold for $10 mil, or about $210/sf. The property is located at 3736 – 3746 Mt. Diablo Blvd, just off Hwy 24.
The property is situated near to BART on the western side of downtown Lafayette and close to potential new housing developments. As residential conversion makes office space in Lafayette scarce, Oak Hill Grove management is committed to enhancing the complex, providing a much-needed, long-term option for innovative businesses and professionals seeking community-based space in highly desirable central Lafayette.
Transwestern Edward Del Beccaro, Sade Ghorban and Matt Hatfield represented the seller in the transaction. According to Del Beccaro, the Lafayette office market is seeing single-digit vacancy and historical rental rates right now.
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