Value-add investor or owner-user opportunity: Entire freestanding building with no common walls or roof totaling ±3,790 SF office investment on ±0.27 Acres of General or Professional office off of Yale Avenue. Offers a portfolio of (15) economical office spaces leased to long-term tenants on Modified Gross lease forms with an average size of 150 SF- 300 SF per unit. Value-add opportunity with actual rents of $53,280/year collected plus upside potential. Unique investment offering easy-to-rent office units within an under-built market offering a strong need for these type of spaces. After renewing leases at a small $25 per month increase (long overdue), the realistic 6-12 month stabilized gross annual income is $57,900. The additional value-add opportunity consists of charging the customary "pass-through" expenses of Association dues to cover property insurance, all exterior maintenance, common roof, parking lot maintenance, and all reoccurring water & trash expenses to eliminate these items from the Landlords ledger. Clean office spaces with fresh 2020 paint, new flooring, and move-in ready spaces! Excellent Owner/User with Passive Income, or Investment. Each unit has access to high speed Internet, is separately metered, has private restrooms, private entrances, and consists of demising walls (can be combined). Brand new 2019 asphalt slurry coat, HVAC's and roof are less than 10 years old, full exterior lit private parking (100 spaces), excellent existing corner signage, great visibility and easy access to CA-41 and CA-99 on/off ramps.
« show less
Office Space
© 2008-2024 Rofo.com. All rights reserved.