20265 Lake Chabot, Castro Valley ME 04546

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$2,700,000

20265 Lake Chabot, Castro Valley, ME 04546

bedrooms

bathrooms

square feet

5,162

Acreage

0.49

Open Houses

year built

1963

Full Baths

Half Baths

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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

Location
Subdivision	-
County	Alameda
Elementary School	-
Middle School	-
High School	-

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MLS number: 41075776

Listing agent: Phillip L. Fair

Listing broker: Highland Partners (510) 414-1250

Last update: Wednesday, January 15 2025 at 11:13 p.m. EST

Kotohomes National