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Listed by Jimmy Castellanos • Marcus & Millichap
$ 3,500,000
Est. payment | /mo
5,480 SqFt
$ 3,500,000
Est. payment | /mo
5,480 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Contingent
Purchase Type For Sale
Square Footage 5,480 sqft
Price per Sqft $638
MLS Listing ID ML81998546
Originating Board MLSListings, Inc.
Year Built 1977
Lot Size 0.440 Acres
Property Sub-Type Commercial Property
Property Description
Alvarado Professional Center is a multi-tenant dental office property located at 4138 Dyer Street in Union City, California. The building measures approximately 5,600 square feet and is situated on a 0.44-acre parcel. The property features five dental office suites with direct access from the parking lot. There are 20 on-site parking spaces for a ratio of 3.57 spaces per 1,000 square feet. The property is 100% leased and has had no vacancy in more than 20 years. All five leases have 3% annual rent increases. Additionally, the leases have triple net expense structures that allow the landlord to pass through all operating expenses for the property. The favorable lease terms provide a continually increasing income stream to the owner
Location
State CA
County Alameda
Area Union City
Zoning CC
Interior
Heating Central Forced Air - Gas
Cooling Central AC
Exterior
Parking Features Parking Area
Garage Spaces 20.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Others
Tax ID 483-0073-009-02
Special Listing Condition Not Applicable
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Tim Alford & Faye Bon
REALTOR® | Lic# 01507448 | 01746037