180 Parker Ave - Office FOR SALE


Rodeo, CA 94572
$1,050,000 USD
510-541-1387
180 Parker Ave, Rodeo, CA for Sale
$1,050,000 USD
Office - FOR SALE
1/14
null | 6.72% Cap Rate

180 Parker Ave
Rodeo, CA 94572


HIGHLIGHTS

  • Triple Net Leased Investment with Medical/Health/Safety Related Tenant
  • 6.72% Cap Rate. NOI $70,560 1st Year with 3% Annual Increases. New 3 Year Lease Extension Starting October 1, 2024
  • Signalized Corner, Well Located Bay Area Property
  • High Ceilings with Recent Exterior and Interior Renovations
  • Newer Roof
  • All 67 Light Fixtures Were Just Replaced with New LED Light Fixtures

OVERVIEW

100% leased to health/medical related office tenant. Zoning includes mixed-use/multi-use office, retail and other uses. On-Site Health & Safety is the existing tenant. This Triple Net Leased Investment is composed of +/-5,982 square feet. Outstanding Yield with Current Net Operating Income of $70,560.00 with a 6.72% Cap Rate. 100% occupied through September 30, 2027 (new 3 year lease extension). All 67 light fixtures were just replaced with new LED light fixtures. Newer roof and other exterior and interior renovations. Great Location within the Bay Area.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$176 USD /SF

CAP RATE

6.72%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Office/Retail/Mixed Use

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,000 SF

ZONING

Mixed Use

APN/PARCEL ID

357-042-001-2

ASK ABOUT THIS PROPERTY

Greg SmythCBRE, Inc.More Info
510-541-1387

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Greg SmythCBRE, Inc.More Info
510-541-1387

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.