20265 Lake Chabot, Castro Valley, CA 04546 - Berkshire Hathaway HomeServices California Properties
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20265 Lake Chabot, Castro Valley, CA 04546

$2,700,000 Approx. USD 0 beds, 0 baths
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Listing Agent


Phillip L. Fair | phil.fair@corcoranicon.com
Lic#: 00770636
Broker: Courtesy of Corcoran Icon Properties

Agent Remarks

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

Listing Details

Property type: (Commercial)
Status: Active
MLS# 41075776
Price: $2,700,000
HOA Fee is $0.00
Built in 1963
0.49 acres
Lot size: 0.4936
County: Alameda
Zoning: CVBD

Last Updated: 3/26/2025

 Days On Market (DOM): 212

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Lat/Long: 37.696620, -122.087258.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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