2508 Verne Roberts Cir - R&D FOR SALE


Antioch, CA 94509- Pittsburg/Antioch
$2,500,000 USD
707-318-8829
2508 Verne Roberts Cir, Antioch, CA for Sale
$2,500,000 USD
R&D - FOR SALE
1/36
null | 3.96% Cap Rate

2508 Verne Roberts Cir
Antioch, CA 94509
Pittsburg/Antioch


OVERVIEW

100% tenant occupied Class B building with Social Security Administration, a Government Entity who is a secure tenant and has been in place for 12 years with 3 years left on lease. Recession proof tenant. This property sits in the Delta Business Park Development on .23 acres. Fabulous property management company handles the Gov't requirements with such skill that it makes for a great investment property. Just go to the mail box and get the check. Currently a 3.2 % cap rate with an NOI of $90,000/yr. Higher expenses the last two years due to fulfilling GSA required improvements. Full service lease. Annual CPI increase. Tenant pays majority of property taxes for assessed amounts over $1,314,000 assessed value. Located near BART, Shopping and Dining. Constructed in 2007 and extensively renovated in 2013 for this tenant. Excellent Long Term Prospects for Occupancy. Social Security Administration has no indication of leaving and is not on the closure list. Please text or call agent for info and appointment. Tenant is Social Security Administration. 3yrs left on lease. Sale is subject to approval of GSA (General service admin- Gov't Agency )who operates the Social Security Admin. Call listing agent for P&L's of last 3 years. Roof covering is TPO. Buyers must have current Dunn and Brad street number and SAM's number.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$260 USD /SF

CAP RATE

3.96%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bldg J2

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.23

LAND SF

10,062

ZONING

-

APN/PARCEL ID

074-470-015-4

ASK ABOUT THIS PROPERTY

Roxanne MercerRoxanne Mercer Real EstateMore Info
707-318-8829

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Roxanne MercerRoxanne Mercer Real EstateMore Info
707-318-8829

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