A restaurant and retail complex in a high-profile downtown Walnut Creek location has been bought.
WALNUT CREEK — A restaurant and retail complex in downtown Walnut Creek has been bought in a deal that shows investors still thirst for commercial properties in prime locations.
In a separate transaction, also on July 25, the Colorado pension association paid another $3.75 million for adjacent properties at 1620 through 1628 Cypress Street. The two adjacent smaller properties on Cypress Street had a combined assessed value of $3.9 million, which means the price for the small sites was 3.8% below the assessed value.This also means that the combined price for all the properties was 29% higher than the overall assessed value for the sites.
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