$3,500,000
$3,500,000
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5,480 SqFt
SOLD DATE : 05/14/2025
Key Details
Sold Price $3,500,000
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Sold
Purchase Type For Sale
Square Footage 5,480 sqft
Price per Sqft $638
MLS Listing ID ML81998546
Sold Date 05/14/25
HOA Y/N No
Year Built 1977
Lot Size 0.440 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare MLSListings
Property Description
Alvarado Professional 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
Location
State CA
County Alameda
Interior
Fireplace No
Building
Water Public
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