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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