CA > Castro Valley
Castro Valley, CA 94546,20265 Lake Chabot
Castro Valley, CA 94546,20265 Lake Chabot
Castro Valley, CA 94546,20265 Lake Chabot
49
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$2,500,000
$2,700,000 7.4%
Est. payment /mo
Sold on 07/18/2025

20265 Lake Chabot Castro Valley, CA 94546

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Mason Frakes
Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

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Key Details

Sold Price $2,500,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41075776

Year Built 1963

Property Description

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

State CA

County Alameda

Zoning CVBD

CRMLS – RECore
Listed by Phillip L. Fair Corcoran Icon Properties
Bought with Phillip L. Fair Corcoran Icon Properties

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Mason Frakes

Mason Frakes

Broker Associate | License ID: 02036823

+1(805) 260-4860

Name
Phone*
Message

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