Property Details
About this Property
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
MLS Listing Information
MLS #
EB41075776
MLS Source
Bridge MLS
Days on Site
44
Business Information
Parking Spaces
25
Interior Features
Flooring
Linoleum
Cooling
Air Conditioning - Area, Air Conditioning Unit
Exterior Features
Roof
Other
Parking, School, and Other Information
Zoning
CVBD
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
is a Business Opportunity in Castro Valley, CA 04546. This 5,162 square foot property sits on a 0.49 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,700,000 and was built in –. This address can also be written as , Castro Valley, CA 04546.
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This listing information is up-to-date as of November 19, 2024. For the most current information, please contact Phillip L. Fair, (510) 719-6406
