20265 Lake Chabot Rd
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20265 Lake Chabot Rd
5,162 SF 100% Leased Office Building Castro Valley, CA 94546 $2,700,000 ($523.05/SF) 7.10% Cap Rate
EXECUTIVE SUMMARY
Landlord: Chabot Building LLC
(“Tenant”): Sierra Kress Dental, Partnership of K.J. Cabugao & Magann DDS, Inc
Purchase price. $2,700,000. Gross Income: $209,461.
EXPENSES
$10,000 Insurance
$4,438. Property Maximum tax per lease.
$3,100. Average repairs over 6 years.
Total Expenses. $17,538.
NET OPERATING INCOME
$191,922.
CAP RATE - 7.10
Cap Rates for the following years estimated @ 2.3 per year
adjustments on May 1st each year.
5/1/2025 Cap Rate 7.2
5/1/2026 Cap Rate 7.4
5/1/2027 Cap rate 7.7
5/1/2028 Cap rate 7.9
Three additional five year options available
LEASE EXPIRATION DATE
1/31/2029
RENEWAL TERMS:
The tenant is granted (3) consecutive options to extend the term
of the lease, each for a period of (5) years.
**New Property Taxes Will Pass On To Tenant**
(“Tenant”): Sierra Kress Dental, Partnership of K.J. Cabugao & Magann DDS, Inc
Purchase price. $2,700,000. Gross Income: $209,461.
EXPENSES
$10,000 Insurance
$4,438. Property Maximum tax per lease.
$3,100. Average repairs over 6 years.
Total Expenses. $17,538.
NET OPERATING INCOME
$191,922.
CAP RATE - 7.10
Cap Rates for the following years estimated @ 2.3 per year
adjustments on May 1st each year.
5/1/2025 Cap Rate 7.2
5/1/2026 Cap Rate 7.4
5/1/2027 Cap rate 7.7
5/1/2028 Cap rate 7.9
Three additional five year options available
LEASE EXPIRATION DATE
1/31/2029
RENEWAL TERMS:
The tenant is granted (3) consecutive options to extend the term
of the lease, each for a period of (5) years.
**New Property Taxes Will Pass On To Tenant**
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Medical
Building Size
5,162 SF
Building Class
C
Year Built
1963
Price
$2,700,000
Price Per SF
$523.05
Cap Rate
7.10%
NOI
$191,700
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,162 SF
Building FAR
0.24
Lot Size
0.49 AC
Zoning
SUB Aera 4 - Sub Area 4 Castro Valley Central Business District.
Zoning: CVCBD-CVBD-S04
Parking
25 Spaces (4.84 Spaces per 1,000 SF Leased)
AMENITIES
- Fenced Lot
- Reception
- Fully Carpeted
- Air Conditioning
1 of 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 084A-0181-044-06 | Total Assessment | $1,022,262 (2024) |
| Land Assessment | $496,933 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $525,329 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
084A-0181-044-06
Land Assessment
$496,933 (2024)
Improvements Assessment
$525,329 (2024)
Total Assessment
$1,022,262 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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20265 Lake Chabot Rd
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