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31723074
31723081

22093 Redwood Rd, Castro Valley, CA 94546 For Sale

SA
01263854
$729,000
98 days on market
Updated 75 days ago

Commercial Office Building

Details
APN 415-0090-081-00
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 1,904
Units 6
Cap Rate 4.8%
NOI $35,000
Occupancy 100%
Tenancy Multi
Lease Options Month-to-Month
Pro-Forma Cap Rate 6.17%
Pro-Forma NOI $45,000
Price per SqFt $383
Broker Co-Op Yes
Class C
Year Built 1948
Year Renovated 2014
Buildings 1
Stories 1
Lot Size (SqFt) 5,100
Zoning Office Building General
Investment Type Net Lease
Tenant Credit No Credit Rating

Office | 1,904 SqFt

Marketing description

Great Exposure Redwood Road Income property!! Currently fully occupied office building. Room to increase the below market rent. Triple net can be applied to increase income. Six private offices, waiting room, galley kitchen, gated driveway, washer & dryer, storage space, Solar panels system. Great visibility on Redwood Road. Easy FWY access. Near shops, restaurants, and medical buildings. Zoned for Office Only. Agent is related to seller. Broker/Agent does not guarantee the accuracy of square footage, lot size, zoning, permits, use code, schools and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer and Buyer's Agent are advised to independently verify the accuracy of all information through personal inspection and with appropriate licensed professionals. **Please do Not disturb the tenants.**

Investment highlights

  • Motivated Seller!
  • Main road exposure.
  • Small, manageable building with professional tenants.
  • Low Maintenance.
  • Current Annual income $60K (potential increase and NNN)
  • Needs the right investor to increase the income.

**Please do Not disturb the tenants.**

Listing Contacts

SA
01263854

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$35,000.00
$2,916.67/mo

Valuation Metrics

0
DSCR
4.8%
Cap Rate
4.8%
ROI

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Additional Information

Name
Susan Azar
License
01263854
Title
Broker of Record
Brokerage Address
4058 Hilltop Drive, San Diego, CA 92102
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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