38690 Stivers St - Medical FOR SALE


Fremont, CA 94536- Parkmont
$4,950,000 USD
650-425-6418
38690 Stivers St, Fremont, CA for Sale
$4,950,000 USD
Medical - FOR SALE
1/16
null | 6.96% Cap Rate

38690 Stivers St
Fremont, CA 94536
Parkmont


HIGHLIGHTS

  • Opportunity for an owner-user to occupy 3,771 sf while benefiting from $233,487 per year of net income from the Washington Hospital lease
  • 7.0% Cap Rate (Based on Washington Hospital current lease income, combined with the vacant space leased at $2.45/sf NNN.)
  • One half block from the Washington Hospital campus
  • Excellent 1031 Exchange Opportunity
  • Opportunity Zoned (OZ) property
  • Large 35,680 sf lot with 65+ car parking

OVERVIEW

MAJOR PRICE REDUCTION - PRICED TO SELL - SUBMIT ALL OFFERS 1. Washington Hospital Anchored NNN leased investment (63% or 6,514 sf), leased by Washington Hospital) 2. New 5 year lease currently at $2.99/sf NNN with 3.0% annual increases (Lease expires in 6/31/2029) 3. 3,771 square feet available for an owner user (previously used as physical therapy space) 4. Highly improved interior buildout 5. Excellent 1031 Exchange opportunity 6. One half block from the main Washington Hospital campus 7. Large lot of 35,680 offering 65 car parking 8. Separate gas and electrical meters

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$481 USD /SF

CAP RATE

6.96%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

MAJOR PRICE REDUCTION - MOTIVATED SELLER!!!

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

CC-UO & OS

APN/PARCEL ID

501-1536-074-00

ASK ABOUT THIS PROPERTY

Lloyd BakanAvison YoungMore Info
650-425-6418

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Lloyd BakanAvison YoungMore Info
650-425-6418

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.