20265 Lake Chabot , Castro Valley, CA 04546
Castro Valley, CA 04546
Description
Long time Dental Office with current lease expiration of 1/31/29. Tenant has 3 consecutive options to extend the term of the lease, each for a period of 5 yrs. Annual CPI Increase occurs on May first annually. Modified Gross Lease Seller pays the following: $4,438.64 property tax, $10,000 plus or minus Property/Casualty/Earthquake, Average maintenance for 3 years is: $3,000. See Lease for other details. 25 Parking spots. Capital improvements $18,700 Roof 2021, $4,632 Fence $4,632 2022, Alarm system $2,700. Performance of existing lease applying average 2.5 CPI increase to lease per year starting 5/1/2025 Cap rates (7.3) 5/1/26 (7.5) 5/1/27 (7.7) / 5/1/28 (7.9)5/1/29 (8.1) Other Features of Lease: Tenant has $500 deductible for maintenance, Holdover 125%. Tenants must notify owner 180 advance to extend lease. FOR SALE | Presenting a prime commercial property located at 20265 Lake Chabot Road in Castro Valley, CA. This 5,162 square foot building offers an exceptional investment opportunity in a thriving East Bay community. Strategically positioned in Castro Valley, this property is currently home to Creative Dimensions in Dentistry, a well-established dental practice serving the area since 1966 and has occupied this office since 1970. Additional Info in Disclosure Package
Details
| Mls | 41075776 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 64 |
| Listing Provided By | Corcoran Icon Properties 510-339-9290 | Phillip L. Fair |
Features
| Zoning | CVBD |
|---|---|
| Acreage | 0.49 |
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Learn More About This Property
| State | CA |
|---|---|
| County | Alameda |
| City | Castro Valley |
| Zip Code | 04546 |
| Listing VS Median (in 04546) | |
Price: $2,700,000 low | high Med: $0 On Site: 64 low | high Med: | |