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22421 - 22429 Hesperian Boulevard, Hayward, CA

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22421 - 22429 Hesperian Boulevard

Hayward, CA 94541-7010 - W Hayward/Castro Valley Submarket

Property Type:Office Sub Type:Medical Status:Existing Year Built:-
Stories:1 Typical Floor:8,500 SF Building Size:8,500 SF
For Sale Price:$2,768,666 Price/SF:$325.73
Cap Rate:9.00 %
Parking:Free Surface spaces are available; Ratio of 4.71/1,000 SF

Sale Notes:
Sale Lease Back
Multi-Tenanted Office Building
Located on a Ground Lease
Outstanding Free Standing Office Building

8,500 SFT divided into two units

Unit #1 - 4,908 SFT
Seller will sign a 10-year lease with increases
Base year rent $147,240.00 NNN

Unit #2 - 3,592 SFT
Leased to Nationally Known Tenant $101,939.96 NNN*

NOI $249,185.96
9.20 CAP Rate
Purchase Price $2,768,666.00

* Rent Increase 8/31/17 $104,743.31

22421-22429 Hesperian Blvd is located just minutes from Office Depot, Home Depot, and Target and the Hayward Business Jet Port.

Dock High Commercial
Michael Barnette
(510) 220-4960

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