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 |
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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 |
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Area | Listing |
City | Castro Valley |
County | Alameda |
State | ME |
Zip Code | 04546 |
Amenities
Parking | Off Street, More than 20 Spaces |
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Is Waterfront | No |
Has Pool | No |
Interior
Cooling | Area AC, Room Air, Wall/Window Unit(s) |
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Fireplace | No |
Exterior
Lot Description | Freeway Nearby, Hospital Nearby, Neighborhood Commercial, Restaurant Nearby, Shopping Center Nearby |
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Construction | Stucco, Frame |
Additional Information
Date Listed | October 8th, 2024 |
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Zoning | CVBD |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Phillip L. Fair |
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Office | Corcoran Icon Properties |