Description

Centennial Square is a single-tenant office property located at 22225 Foothill Boulevard in Hayward, California, and is fully leased to the County of Alameda through 2029, providing investors with a stable, government-backed income stream. The County has occupied the property in various capacities since 1997, demonstrating a long-standing operational commitment to the location. Situated along Foothill Boulevard, one of Hayward’s primary commercial corridors, the property benefits from excellent visibility and convenient access to both Interstate 580 and Interstate 880, offering strong regional connectivity throughout the East Bay and Silicon Valley. Centennial Square is adjacent to the transformative Lincoln Landing mixed-use development, which includes new retail, dining options, and more than 470 residential units, and is also located near Downtown Hayward, the BART station, and City Hall. The tenant, the County of Alameda, is supported by a substantial annual budget and holds AAA credit ratings from major rating agencies, reinforcing the security of the income stream. Offered at a pricing level below replacement cost and generating an attractive yield relative to comparable assets in the East Bay market, the property combines dependable cash flow, a highly creditworthy government tenant, and a strategic location benefiting from ongoing redevelopment. These attributes make Centennial Square an appealing low-risk investment opportunity with long-term stability and potential for continued value appreciation.