20265 Lake Chabot, Castro Valley, ME

$2,700,000

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5,162

Square feet

0.49

Acres

About 20265 Lake Chabot

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

Features of 20265 Lake Chabot

MLS® # 41075776
Price $2,700,000
Bathrooms 0.00
Square Footage 5,162
Acres 0.49
Year Built 1963
Type Business Opportunity
Sub-Type Comm Bus Opp
Status Active

Community Information

Address 20265 Lake Chabot
Area Listing
City Castro Valley
County Alameda
State ME
Zip Code 04546

Amenities

Parking Off Street, More than 20 Spaces
Is Waterfront No
Has Pool No

Interior

Cooling Area AC, Room Air, Wall/Window Unit(s)
Fireplace No

Exterior

Lot Description Freeway Nearby, Hospital Nearby, Neighborhood Commercial, Restaurant Nearby, Shopping Center Nearby
Construction Stucco, Frame

Additional Information

Date Listed October 8th, 2024
Zoning CVBD
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentPhillip L. Fair
OfficeCorcoran Icon Properties

Listing Map

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