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$2,700,000
Est. payment /mo
5,162 SqFt
UPDATED:
11/19/2024 01:52 AM
Key Details
Property Type Commercial
Sub Type Business for Sale
Listing Status Active
Purchase Type For Sale
Square Footage 5,162 sqft
Price per Sqft $523
MLS Listing ID EB41075776
Originating Board Bridge MLS
Year Built 1963
Lot Size 0.494 Acres
Property Description
Long time Dental Office with current lease expiration of 1/31/29. Tenant has 3 consecutive options to extend the term of the lease, each for a period of 5 yrs. Annual CPI Increase occurs on May first annually. Modified Gross Lease Seller pays the following: $4,438.64 property tax, $10,000 plus or minus Property/Casualty/Earthquake, Average maintenance for 3 years is: $3,000. See Lease for other details. 25 Parking spots. Capital improvements $18,700 Roof 2021, $4,632 Fence $4,632 2022, Alarm system $2,700. Performance of existing lease applying average 2.5 CPI increase to lease per year starting 5/1/2025 Cap rates (7.3) 5/1/26 (7.5) 5/1/27 (7.7) / 5/1/28 (7.9)5/1/29 (8.1) Other Features of Lease: Tenant has $500 deductible for maintenance, Holdover 125%. Tenants must notify owner 180 advance to extend lease. FOR SALE | Presenting a prime commercial property located at 20265 Lake Chabot Road in Castro Valley, CA. This 5,162 square foot building offers an exceptional investment opportunity in a thriving East Bay community. Strategically positioned in Castro Valley, this property is currently home to Creative Dimensions in Dentistry, a well-established dental practice serving the area since 1966 and has occupied this office since 1970. Additional Info in Disclosure Package
Location
State CA
County Alameda
Area Other Area
Zoning CVBD
Interior
Cooling Air Conditioning Unit, Air Conditioning - Area
Flooring Linoleum
Exterior
Exterior Feature Stucco
Parking Features Off-Street Parking
Garage Spaces 25.0
Roof Type Other
Others
Tax ID 84A-018-104-406
Special Listing Condition Not Applicable
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Listed by Phillip L. Fair • Corcoran Icon Properties
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Sharad Gupta
Broker | License ID: 02213637
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