20265 Lake Chabot
Castro Valley, CA 04546
0.49 acres | #41075776
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
Property Details
- Property SubtypeBusinessOpportunity
- Original List Price$2,700,000
- Property TypePurchase
- MLS #41075776
- MLS #41075776
- CountyAlameda
- Cost2700000
- Acres0.4936
- Year Built1963
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Phillip L. Fair (#BMLS-R00770636)
Listing Office: Corcoran Icon Properties (#BMLS-OBOPCRO 01)
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