4138 Dyer St
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4138 Dyer St
6,840 SF 100% Leased Office Building Union City, CA 94587 $4,000,000 ($585/SF) 5.30% Cap Rate
Investment Highlights
- Multi-Tenant Dental Office Property
- High-Traffic Location
- Excellent Demographic Profile
- Stable Income Stream
- Good Regional Access
Executive Summary
NO VACANCY FOR OVER 20 YEARS! Alvarado Business Center is a multi-tenant dental office property located at 4138 Dyer Street in Union City, California. The building measures approximately 5,600 square feet and is situated on a 0.44-acre parcel. The property features five dental office suites with direct access from the parking lot. There are 20 on-site parking spaces, for a ratio of 3.57 spaces per 1,000 square feet. The property is 100% leased and has had no vacancy in more than 20 years. All five leases have 3% annual rent increases. Additionally, the leases have triple net expense structures that allow the landlord to pass through all operating expenses for the property. The favorable lease terms provide a continually increasing income stream to the owner. Contact jcastellanos@marcusmillichap.com for OM.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,840 SF
Building Class
C
Year Built
1936
Price
$4,000,000
Price Per SF
$585
Cap Rate
5.30%
NOI
$211,801
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,840 SF
Building FAR
0.36
Lot Size
0.44 AC
Parking
20 Spaces (2.92 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 483-0073-009-02 | Improvements Assessment | $782,014 |
| Land Assessment | $222,364 | Total Assessment | $1,004,378 |
PROPERTY TAXES
Parcel Number
483-0073-009-02
Land Assessment
$222,364
Improvements Assessment
$782,014
Total Assessment
$1,004,378
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4138 Dyer St
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