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The single-tenant medical office building is located at 20359 Lake Chabot Rd.CASTRO VALLEY, CA—With 10 years and some creative thinking, a once-abandoned development proposal gets new life. Medical office developer, Meridian, recently completed ground-up construction of a 10,000-square-foot single-tenant medical office building located at 20359 Lake Chabot Rd.
The building is situated on the main arterial road leading to Sutter Health’s Eden Medical Center campus, one block from the hospital, in the Valley’s medical corridor. Castro Valley is an unincorporated area within Alameda County.
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Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
The company's David Martin says his calendar flooded with meetings.
The price is a “meaningful discount to replacement cost.”
However, the industry must get through a cloudy remainder of the year first.
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