20265 Lake Chabot Rd - Medical FOR SALE


Castro Valley, CA 94546
$2,700,000 USD
510-719-6406
20265 Lake Chabot Rd, Castro Valley, CA for Sale
$2,700,000 USD
Medical - FOR SALE
1/39
null | 7.1% Cap Rate

20265 Lake Chabot Rd
Castro Valley, CA 94546


OVERVIEW

Landlord: Chabot Building LLC (“Tenant”): Sierra Kress Dental, Partnership of K.J. Cabugao & Magann DDS, Inc Purchase price. $2,700,000. Gross Income: $209,461. EXPENSES $10,000 Insurance $4,438. Property Maximum tax per lease. $3,100. Average repairs over 6 years. Total Expenses. $17,538. NET OPERATING INCOME $191,922. CAP RATE - 7.10 Cap Rates for the following years estimated @ 2.3 per year adjustments on May 1st each year. 5/1/2025 Cap Rate 7.2 5/1/2026 Cap Rate 7.4 5/1/2027 Cap rate 7.7 5/1/2028 Cap rate 7.9 Three additional five year options available LEASE EXPIRATION DATE 1/31/2029 RENEWAL TERMS: The tenant is granted (3) consecutive options to extend the term of the lease, each for a period of (5) years. **New Property Taxes Will Pass On To Tenant**

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$523 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

SUB Aera 4

APN/PARCEL ID

084A-0181-044-06

ASK ABOUT THIS PROPERTY

Phil FairCorcoran Icon PropertiesMore Info
510-719-6406

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Phil FairCorcoran Icon PropertiesMore Info
510-719-6406

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