Description
100% tenant occupied Class B building with Social Security Administration, a Government Entity who is a secure tenant and has been in place for 9 years with 6 years left on lease. Recession proof tenant. This property sits in the Delta Business Park Development on .23 acres. Fabulous property management company handles the Gov't requirements with such skill that it makes for a great investment property. Just go to the mail box and get the check. Currently a 5.5% cap rate with an NOI of $188,857/yr. Annual CPI increase. Tenant pays majority of property taxes for amounts over $1,314,000 assessed value. Located near BART, Shopping and Dining. Constructed in 2007 and extensively renovated in 2013 for this tenant. Excellent Long Term Prospects for Occupancy.
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Listing Agent: Roxanne Mercer Courtesy of: Luxe Places International Realty Copyright © , Bay Area Real Estate Information Services, Inc. All Right Reserved. Updated: 21st March, 2023 8:51 PM (UTC)