515-527 San Ramon Valley Blvd. in Danville consists of a restaurant building totaling 3,200 +/- square feet and a commercial building totaling 3,000 +/- square feet.  At the time of purchase, both buildings were on the same parcel with another parcel being a parking lot.  The way the property was being marketed made it difficult to understand the opportunity. 

The property was purchased at an attractive basis compared to comparable sales.  A lot line adjustment placing the two buildings on separate parcels with ample parking was completed. The commercial building was sold to an owner-user buying down our basis in the restaurant building.  The restaurant building was recently appraised at 60% higher than the allocated purchase price.