$925,000 USD
415-305-6275
2628 Telegraph Ave
Berkeley, CA 94704
South Berkeley
HIGHLIGHTS
- Rare medical office investment property on iconic Telegraph Avenue in Berkeley, California
- 100% leased to a single tenant medical user; The Joint Chiropractic
- Long-term lease with a lease end date of October 2030
- Annual 3% rental increases
- Excellent curb appeal and street frontage on highly trafficked Telegraph Avenue
OVERVIEW
100% leased commercial medical office condominium is situated on highly trafficked Telegraph Avenue.
Net lease investment opportunity with long term tenant lease through October 2030.
Corner unit with high visibility and excellent window line.
This offering offers an investor the rare opportunity to own a high-quality asset providing stable income and long- term value.
FOR SALE DETAILS
PRICE
$925,000 USD
PRICE/SF
$828 USD /SF
CAP RATE
4.75%
# OF UNITS
1
CONDO SIZE
-
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Storefront Retail/Office
TOTAL BUILDING SIZE
1,200 SF
STORIES
1
BUILDING CLASS
A
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.16 AC
LAND SF
6,970 SF
ZONING
C-C
APN/PARCEL ID
055-1835-018-00,055-1835-019-00,055-1835-021-00,055-1835-023-00,055-1835-027-00
ASK ABOUT THIS PROPERTY
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415-305-6275
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Please correct the highlighted field(s).
415-305-6275
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