4138 Dyer St - Medical FOR SALE


Union City, CA 94587
$3,500,000 USD
408-483-5040
4138 Dyer St, Union City, CA for Sale
$3,500,000 USD
Medical - FOR SALE
1/13
null | 6.23% Cap Rate

4138 Dyer St
Union City, CA 94587


HIGHLIGHTS

  • Multi-Tenant Dental Office Property
  • Stable Income Stream
  • High-Traffic Location
  • Good Regional Access
  • Excellent Demographic Profile

OVERVIEW

RECENT $500K PRICE ADJUSTMENT - NO VACANCY IN OVER 30 YEARS! Alvarado Business Center is a multi-tenant dental office property located at 4138 Dyer Street in Union City, California. The building measures approximately 5,600 square feet and is situated on a 0.44-acre parcel. The property features five dental office suites with direct access from the parking lot. There are 20 on-site parking spaces, for a ratio of 3.57 spaces per 1,000 square feet. The property is 100% leased and has had no vacancy in more than 20 years. All five leases have 3% annual rent increases. Additionally, the leases have triple net expense structures that allow the landlord to pass through all operating expenses for the property. The favorable lease terms provide a continually increasing income stream to the owner. Contact jcastellanos@marcusmillichap.com for OM.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$512 USD /SF

CAP RATE

6.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1936

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

-

APN/PARCEL ID

483-0073-009-02

ASK ABOUT THIS PROPERTY

Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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Jimmy CastellanosMarcus & MillichapMore Info
408-483-5040

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