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Castro Valley, CA 04546
  • $2,700,000
  • STATUS: Active
  • ON SITE: 24 Days
  • ID#: EB41075776
UPDATED: 73 min ago
$2,700,000
  • 0
    BEDS
  • 0.49
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,162
    SQFT
  • $523
    $/SQFT
Type:
Business Opportunity
Built:
1963
County:

School Ratings & Info

Listing provided courtesy of Phillip L. Fair of Corcoran Icon Properties: (510) 719-6406.

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

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© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-11-02T18:52:59.283. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate Experts.

Licensed in the State of California.
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Castro Valley, CA 04546

  • Price: $2,700,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 73 min ago
  • ID#: EB41075776
0
Beds
0
Baths
0
½ Baths
0.49
Acres
5,162
SQFT
$523
$/SQFT
1963
Built
County:
Alameda
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
Exterior Features

Exterior Stucco Garage Parking Off-Street Parking Parking Spaces 25 Roof Other

Interior Features

Cooling Air Conditioning UnitAir Conditioning - Area Flooring Linoleum

Property Features

Accessibility Features Wheelchair Access Additional Listing Info Not Applicable Business Name Creative Dimensions in Dentistry City Name CASTRO VALLEY Cross Street Castro Valley Bl Facilities Outside Sign Security Features Security Alarm Zoning CVBD

Listing provided courtesy of Phillip L. Fair of Corcoran Icon Properties: (510) 719-6406.



© 2024 MLSListings Inc. Based on information from MLSListings MLS as of 2024-11-02T18:52:59.283. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate Experts.

Licensed in the State of California.
Website powered by BoomTown.
 
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910 E. Hamilton Ave, Ste. 130
Campbell CA, 95008

Listing provided courtesy of Phillip L. Fair of Corcoran Icon Properties: (510) 719-6406.