20600 Lake Chabot Rd
Castro Valley, CA 94546
Seller Financing Available · Office Property For Sale

The offering provides an opportunity to acquire the 100% fee simple interest in a 12,484 square foot multi-tenant dental office building, also known as the Chabot Dental Center. The property is comprised of two buildings, of which the larger building is currently 75% occupied. All of the tenants in place have had several decades of historical occupancy with the buildings and have recently executed new five and ten year leases at market rent. There is currently 1,375 sqft of ground floor space available for lease which is move in ready and configured for an endodontist. The space is in excellent condition and is currently being marketed for lease. The property is unique compared to other Dental/Medical buildings in the area as the dental equipment is centrally located and serves the whole building. This industrial sized equipment is included in the offering and is serviced and maintained regularly. This reduces tenant’s cost of running the practice, and increases usable space within building. Additionally, new ownership can benefit from accelerated depreciation tax savings by owning the equipment. The property is well maintained and recently had new HVAC units and an upgraded air compressor installed, as well as a new slurry/seal and re-stripping of parking lot. The smaller building in front of the property is currently in cold shell condition, previously occupied by a dentist, and is framed, plumbed and wired for another tenant. The smaller building recently had an asbestos report completed and signed off by the county of Alameda. The upside potential in acquiring the Chabot Dental Center is condo mapping both properties as the condo market is strong and the spread relative to where condos are trading could be as much as 190% in today’s market.