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Office/Retail/Mixed Use 180 Parker Ave

5,982 SF Office Building Rodeo, CA 94572 £828,450 (£138/SF) 6.72% Net Initial Yield

Investment Highlights

  • Triple Net Leased Investment with Medical/Health/Safety Related Tenant
  • Signalized Corner, Well Located Bay Area Property
  • Newer Roof
  • 6.72% Cap Rate. NOI $70,560 1st Year with 3% Annual Increases. New 3 Year Lease Extension Starting October 1, 2024
  • High Ceilings with Recent Exterior and Interior Renovations
  • All 67 Light Fixtures Were Just Replaced with New LED Light Fixtures

Executive Summary

100% leased to health/medical related office tenant. Zoning includes mixed-use/multi-use office, retail and other uses. On-Site Health & Safety is the existing tenant. This Triple Net Leased Investment is composed of +/-5,982 square feet. Outstanding Yield with Current Net Operating Income of $70,560.00 with a 6.72% Cap Rate. 100% occupied through September 30, 2027 (new 3 year lease extension). All 67 light fixtures were just replaced with new LED light fixtures. Newer roof and other exterior and interior renovations. Great Location within the Bay Area.

Attachments

Rodeo - Parker Avenue 180 - Sale

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
5,982 SF
Building Class
B
Year Built
1951
Price
£828,450
Price Per SF
£138
Net Initial Yield
6.72%
NOI
£55,672
Tenancy
Single
Number of Floors
2
Typical Floor Size
5,982 SF
Building FAR
1.00
Land Acres
0.14 AC
Zoning
Mixed Use

Amenities

  • High Ceilings
  • Wooden Floors
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Walk Score ®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 357-042-001-2 Improvements Assessment £149,736
Land Assessment £95,251 Total Assessment £244,987

PROPERTY TAXES

Parcel Number
357-042-001-2
Land Assessment
£95,251
Improvements Assessment
£149,736
Total Assessment
£244,987
(925) 296-7717

  • Listing ID: 33586338

  • Date on Market: 21/10/2024

  • Last Updated:

  • Address: 180 Parker Ave, Rodeo, CA 94572

The Office Property at 180 Parker Ave, Rodeo, CA 94572 is currently available For Sale. Contact CBRE, Inc. for more information.

Office PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

Office/Retail/Mixed Use | 180 Parker Ave
(925) 296-7717 x

Office/Retail/Mixed Use | 180 Parker Ave

Greg Smyth

(925) 296-7717

(925) 296-7717

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