Bought with Jiawei Chen • CT Square Inc.
$3,500,000
$3,500,000
For more information regarding the value of a property, please contact us for a free consultation.
5,480 SqFt
SOLD DATE : 05/14/2025
Key Details
Sold Price $3,500,000
Property Type Commercial
Sub Type Commercial Property
Listing Status Sold
Purchase Type For Sale
Square Footage 5,480 sqft
Price per Sqft $638
MLS Listing ID ML81998546
Sold Date 05/14/25
Year Built 1977
Lot Size 0.440 Acres
Property Sub-Type Commercial Property
Property Description
Alvarado Professional Center is a multi-tenant dental office property located at 4138 Dyer Street in Union City, California. The building measures approximately 5,600 square feet and is situated on a 0.44-acre parcel. The property features five dental office suites with direct access from the parking lot. There are 20 on-site parking spaces for a ratio of 3.57 spaces per 1,000 square feet. The property is 100% leased and has had no vacancy in more than 20 years. All five leases have 3% annual rent increases. Additionally, the leases have triple net expense structures that allow the landlord to pass through all operating expenses for the property. The favorable lease terms provide a continually increasing income stream to the owner
Location
State CA
County Alameda
Area Union City
Building/Complex Name Alvarado Professional Center
Zoning CC
Interior
Heating Central Forced Air - Gas
Cooling Central AC
Exterior
Parking Features Parking Area
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition
Present Use Medical/Dental
Building
Story 1
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Level or Stories 1
Others
Restrictions None
Tax ID 483-0073-009-02
Security Features Other
Special Listing Condition Not Applicable
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 MLSListings Inc. All rights reserved.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "