Listed by Marcus & Millichap - Palo Alto
$5,150,000
Caliber Collision
Details
Property Type Retail, Special Purpose
Sub Type Auto Shop
Square Footage 17,104
Net Rentable (SqFt) 17,104
Cap Rate 5.01%
NOI $257,891
Occupancy 100%
Tenancy Single
Brand/Tenant Caliber Collision
Lease Type NNN
Lease Term 15
Lease Expiration 06/15/2036
Remaining Term 10
Rent Bumps Yes
Lease Options 2 x 5 years
Price per SqFt $301
Year Built 1928
Year Renovated 2020
Buildings 2
Stories 1
Lot Size (SqFt) 17,630
Investment Type Net Lease
Lease Commencement 06/06/2021
Dock High Doors 2
Ownership Fee Simple
Core Bay Area NNN Asset with 10+ Years Remaining on Initial Term
Investment highlights
Infill Bay Area Location
Minimal Landlord Responsibilities
10% Rent Increases Every 5 Years
Land Value of $295/SF at Asking Price Significantly Below Market Land Value
Below Market Rent
Listing Contacts
Listed by Marcus & Millichap - Palo Alto
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$257,891.00
$21,490.92/mo
Valuation Metrics
0
DSCR
5.01%
Cap Rate
5.01%
ROI
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Tax History
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