38690 Stivers St - Medical FOR SALE


Fremont, CA 94536
$6,360,000 USD
650-425-6418
38690 Stivers St, Fremont, CA for Sale
$6,360,000 USD
Medical - FOR SALE
1/14
null | 5.63% Cap Rate

38690 Stivers St
Fremont, CA 94536


HIGHLIGHTS

  • Opportunity for an owner-user to occupy 3,771 sf while benefiting from $226,000 of net income from the Washington Hospital lease
  • 5.64% Cap Rate (Washington Hospital Leases 63% of the building - LED 6/31/2029)
  • One half block from the Washington Hospital campus
  • Excellent 1031 Exchange Opportunity
  • Opportunity Zoned (OZ) property
  • Large 35,680 sf lot with 65+ car parking

OVERVIEW

MAJOR PRICE REDUCTION - REDUCED BY $810,000 - SUBMIT ALL OFFERS 1. Washington Hospital Anchored NNN leased investment (63% leased by Washington Hospital) 2. New 5 year lease at $2.90/sf NNN with 3.0% annual increases (Lease expires in 6/31/2029) 3. 3,771 square feet available for an owner user (previously used as physical therapy space 4. Highly improved interior buildout 5. Excellent 1031 Exchange opportunity 6. One half block from the main Washington Hospital campus 7. Large lot of 35,680 offering 65 car parking 8. Separate gas and electrical meters 9. Opportunity zone (OZ) property

FOR SALE DETAILS

PRICE

$6,360,000 USD

PRICE/SF

$618 USD /SF

CAP RATE

5.63%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

PRICE REDUCED BY $810,000 - 5.64% Cap

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

CC-UO & OS

APN/PARCEL ID

501-1536-074-00

ASK ABOUT THIS PROPERTY

Lloyd BakanAvison YoungMore Info
650-425-6418

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Lloyd BakanAvison YoungMore Info
650-425-6418

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