$2,700,000
( )
 $14,494 est/mo Sourced by Back At You

20265 Lake Chabot , Castro Valley, CA 04546

Castro Valley, CA 04546

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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

Details

MLS#41075776
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1963
Days On Site34
Listing Provided ByCorcoran Icon Properties 510-339-9290 | Phillip L. Fair

Features

ZoningCVBD
Acreage0.49
MLS Internet Data Exchange (IDX) 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, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 4 seconds ago
StateCA
CountyAlameda
CityCastro Valley
Zip Code04546
Listing VS Median (in 04546)
Price:
$2,700,000
low | high
Med:
$0
On Site:
34
low | high
Med:
Sourced by Back At You
Listing Updated: October 9, 2024 at 3:28:31 AM PDT