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BAY AREA NEWS
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Miramar Capital Buys 82k sf Office Campus in the East Bay

10/18/18

Miramar Capital has purchased Mt. Diablo Terrace, a three-building 81.8k sf office campus in the East Bay city of Lafayette. The property was sold by Dunhill Partners West and Piedmont Properties Group.

Built in 1982 and located on 3.88 acres at 3466, 3468 and 3470 Mt. Diablo Blvd, the property is 98% occupied with a diverse mix of medical and office tenants. The asset offers mature landscaping, proximity to a strong amenity base, and access to Highway 24 and BART connectivity via Lafayette Station which is a short distance away.

Steven Golubchik, Grant Lammersen, Edmund Najera and David Hosler with NKF’s Capital Markets team in San Francisco represented the sellers in the transaction. The price was not disclosed.

“Mt. Diablo Terrace is one of the premier office projects in the Lafayette area,” said Golubchik. “There was significant capital interest in this asset as it has been well-maintained and recently underwent an extensive renovation program. The cash-flowing property is almost fully occupied and offers potential for continued rent growth in a supply constrained market.”





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