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2508 Verne Roberts Circle

Antioch, CA 94509
  • $3,400,000
  • STATUS: Active
  • ON SITE: 156 Days
  • ID#: 322061389
UPDATED: 52 min ago
$3,400,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,600
    SQFT
  • $354
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2006
County:
Area:

School Ratings & Info

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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© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Napa River Realty | Hiemstra Properties Inc.. Data last updated: 2022-12-02T14:56:15.363.
www.napariverrealty.com/homes/130359958
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2508 Verne Roberts Circle Antioch, CA 94509

  • Price: $3,400,000
  • Status: Active
  • On Site: 156 Days
  • Updated: 52 min ago
  • ID#: 322061389
0
Beds
0
Baths
0
½ Baths
0.23
Acres
9,600
SQFT
$354
$/SQFT
2006
Built
Neighborhood:
Antioch
County:
Contra Costa
Area:
Antioch
Property 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.
Exterior Features

Construction Materials Concrete Foundation Details Concrete Location Bart Nearby Parking Total 31 Road Frontage Type City Street Roof Other

Interior Features

Cooling Central Floor 0 Flooring Carpet Heating Central

Property Features

Accessibility Features Accessibledoors Auction No Availability Date 1800-01-01T00:00:00 Business Type Other Current Use Office Dock Doors 0 Industrial Sq Ft 0 Lease Deposit 0 Lease Type Net Leased 99.99 Load Factor 0 Loading None Office Sq Ft 9600 Percent Office 100 Property Sub Type Office Property Type Commercialsale Retail Sq Ft 0 Sewer Public Sewer Structure Type OfficeWarehouse Warehouse Sq Ft 0 Zoning Description Industrial Park

Listing information © 2022 Bay Area Real Estate Information Services. Listing courtesy of Roxanne Mercer of Luxe Places International Realty: .


© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Napa River Realty | Hiemstra Properties Inc.. Data last updated: 2022-12-02T14:56:15.363.
 
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