Investment Overview

Marcus & Millichap is pleased to exclusively market for sale a multi-tenant office building in the Mossdale Business Park in Lathrop, CA. The property is 100% leased to four tenants and has been fully occupied since 2021. Three of the tenants have renewed their leases within the last two years, demonstrating the appeal of this property in the local market. Lathrop has limited office inventory, and the subject property is one of the most attractive buildings in the market. Located at 17270 Golden Valley Parkway, the building contains approximately 23,986 square feet of net rentable area and is situated on 1.51-acre parcel. The building was constructed in 2005 and features three lobbies, two common area restrooms, a security alarm system, and fire sprinklers. All office spaces feature high-end interior finishes, high ceilings, and central heating and air conditioning. There are 116 on-site parking spaces for a parking ratio of 4.84 per 1,000 square feet. Lathrop is one of the fastest growing communities in California and the subject property is located across from two major master-planned communities that will bring thousands of new residents to the area. River Islands, one of the largest master-planned communities in Northern California, spans nearly 5,000 acres and will have up to 15,000 homes at completion. The first phase of the project, which includes nearly 5,000 residential units, is nearing completion and the second phase is underway. Full build out of the community is expected to take another 20 years. Stanford Crossing covers 773 acres of residential use and will have 1,458 homes when built out. This development is also underway and new homes are currently being sold.