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1191 W Tennyson Rd 6,150 SF 100% Leased Office Building Hayward, CA 94544 $3,066,600 ($498.63/SF) 6% Cap Rate



Investment Highlights
- * A Fully-occupied, Well-maintained Professional and Retail Service Building on Tennyson Rd. Near Hwy 880
- * 2 New Tenants, Beauty Salon and Insurance Service, Long-term Leases with an Annual % Increases.
- * Excellent Locaton on Busy West Tennyson Road Just off Hwy 880.
- * 3 Long-term Occupants (Professional Services)just signed New Leases with Options.
- * 3 Tenants have been Occupying the Premises for Past 18 Years & More
Executive Summary
Rare Opportunity to acauire a Well-maintained Neighbor Professional and Services Center just off Hwy 880 near Hwy 238, San Mateo Bridge Crossing. Fee Simple Interest (Building & Land) for Sale. The property sits on a heavily-travelled and very visible Tennyson Road in Hayward. The premises are occupied by three long term professional tenants, who just signed new extensions. Perfect chance to acquire property, 100% occupied, easily managed and profiable. There is a sucessful Beauty Salon on the premises since 2022 and just signed a long-term lease with an insurance agency. Most of tenants are on initial 5-year terms with a 5-year options. There is a neighbor shopping center across from the premises anchored by the Wallgreens and Chavez Supermarket, right next door to the premise. All leases have a 3% Annual Increase clauses during the entire terms.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
6,150 SF
Building Class
C
Year Built
1966
Price
$3,066,600
Price Per SF
$498.63
Cap Rate
6%
NOI
$184,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,150 SF
Building FAR
0.24
Lot Size
0.60 AC
Opportunity Zone
Yes
Zoning
CO
Parking
35 Spaces (6 Spaces per 1,000 SF Leased)
Amenities
- Monument Signage
1 1
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,404,056 | |
| Land Assessment | $853,729 | Total Assessment | $2,257,785 |
Property Taxes
Parcel Numbers
Land Assessment
$853,729
Improvements Assessment
$1,404,056
Total Assessment
$2,257,785
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1191 W Tennyson Rd
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