Active

20265 Lake Chabot

Castro Valley ME, 04546

$2,700,000


$523.05 per sqft

Active

5,162 sqft

Commercial

Built in 1963

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

41075776

MLS ID

October 8, 2024

Listed

October 15, 2024

Updated

Map

20265 Lake Chabot
Castro Valley ME, 04546

Interior Features

Floor Description

Linoleum, Carpet


Fireplace

No


Cooling

Yes


Cooling Description

Area AC, Room Air, Wall/Window Unit(s)


Heating

No

Exterior/Building Features

Lot Size

0.49 Acres


Lot Features

Freeway Nearby, Hospital Nearby, Neighborhood Commercial, Restaurant Nearby, Shopping Center Nearby

Other Property Details

Area Name

Castro Valley


Garage

No


Parking

Off Street, More than 20 Spaces


View

No


County

Alameda


Pool

No


Zoning

CVBD

Listed by Phillip L. Fair with Corcoran Icon Properties
Listing Contact: 510-719-6406 

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