Description

Salvio Pacheco Square is a premier three-story mixed-use retail and office property located in the heart of Downtown Concord, offering investors the opportunity to acquire a well-established asset with strong in-place cash flow and substantial value-add potential. Encompassing approximately 120,345 square feet on 1.21 acres, the property features 20 ground-floor retail suites and 24 office suites on the second and third floors, creating a diverse tenant mix that includes service providers, restaurants, and professional office users. Retail tenants operate under triple-net (NNN) leases, while office tenants are primarily on base-year office net leases, providing a stable income stream with opportunities for future growth. The property offers significant upside through the lease-up of available space, allowing investors to enhance occupancy and increase revenue while benefiting from existing cash flow. Situated directly on Todos Santos Plaza in Concord’s historic downtown district, the asset enjoys exceptional visibility, accessibility, and proximity to Concord BART, making it highly attractive to both tenants and visitors. Built in 1985, the property features a spacious central courtyard, an impressive water fountain entrance, and a two-elevator lobby serving the upper-level office suites. Supported by a strong surrounding residential population, above-average household incomes, steady commuter traffic, and limited competing development, Salvio Pacheco Square is well-positioned to benefit from continued demand for retail and office space. Combining immediate income, leasing upside, and a highly desirable downtown location, this offering represents a compelling investment opportunity with long-term appreciation and value-creation potential.