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Listed by Jimmy Castellanos • Marcus & Millichap
$4,000,000
Est. payment /mo
1,664 SqFt
UPDATED:
09/16/2024 02:15 PM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 1,664 sqft
Price per Sqft $2,403
MLS Listing ID ML81969777
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1979
Lot Size 0.440 Acres
Property Description
NO VACANCY IN OVER 20 YEARS! Alvarado Business 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.
Location
State CA
County Alameda
Interior
Heating Forced Air
Fireplace No
Building
Water Public
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