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Listed by Roxanne Mercer • Luxe Places International Realty
$ 3,400,000
Est. payment /mo
Active
2508 Verne Roberts Circle Antioch, CA 94509
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID LC-22140891
Year Built 2007
Annual Tax Amount $37,515
Tax Year 2021
Property Sub-Type Office
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.
Location
State CA
County Contra Costa
Zoning Flex
Interior
Heating Central
Cooling Central Air
Laundry None
Exterior
Utilities Available Sewer Connected, Electricity Connected
Building
Lot Description Level