Homes for sale - , Castro Valley, CA 04546 – MLS#MR41075776

Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Phillip L. Fair • Corcoran Icon Properties

$2,700,000

Est. payment - /mo

5,162 SqFt

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UPDATED:

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 MR41075776

Originating Board Bridge MLS

Year Built 1963

Lot Size 0.494 Acres

Property Sub-Type Business for Sale

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 Castro Valley

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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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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