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15200 Hesperian Blvd 8,260 SF 100% Leased Office Building San Leandro, CA 94578 $2,200,000 ($266.34/SF) 6.76% Cap Rate



Investment Highlights
- Modern Office Building with Good Onsite Parking
- Convenient to I-580 and I-880
- Next to Bay Fair BART
Executive Summary
Two-story multi-tenant office building consisting of 8,260+/- square feet with 7 suites. Suites range from 912+/- sq ft to 1,975+/- sq ft in size. Numerous upgrades including repaved parking lot in 2024, new roof 2021 and remodeled Suite 102 in 2020.
MEDICAL USES ARE PERMITTED.
BART is within walking distance and freeways are easily accessible.
DO NOT DISTURB TENANTS
Property Facts
Amenities
- Central Heating
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Auto Broker
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- $25.18
- Modified Gross
- Oct 2024
- Burt Chiropractic
- Health Care and Social Assistance
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- Ernie Lopez-state Farm Insurance
- Finance and Insurance
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Farmers Insurance began in 1928 as the Farmers Automobile Inter-Insurance Exchange, created to serve drivers with affordable coverage. The company now offers insurance and financial products across home, auto, life, business, recreational vehicle, and device protection categories. Farmers Insurance uses a wide distribution model that includes exclusive agencies, independent agents, and direct sales channels, and it serves households and businesses across the United States.
- Gerald Garcia
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Founded in 1926 as Farm Bureau Mutual Automobile Insurance Company, Nationwide began by selling auto coverage to Ohio farmers and later expanded into fire insurance, life insurance, annuities, mutual funds, and other financial services. Nationwide now offers home, auto, life, specialty, retirement, and investing products through a broad family of companies. The business has grown into one of the larger insurance and financial services groups in the United States, with a market presence across personal and business coverage needs. The company's history includes early work with Farm Bureaus, the creation of nonprofit support programs, and long-running customer service initiatives such as 24-hour claims reporting.
- Prime Circle Insurance Services
- Finance and Insurance
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Senior Helpers began in 2002 in Baltimore, Maryland, as a single agency providing in-home senior care services. The company expanded through franchising in 2005 and now operates numerous locations across the United States, Canada, and Australia. Services include companion care, personal care, and specialized care for conditions like Alzheimer's and dementia. Senior Helpers uses proprietary programs such as LIFE Profile assessments and Senior Gems training for memory care. The company has received industry recognition for franchisee satisfaction and quality standards.
State Farm began in Illinois in 1922, when G.J. Mecherle founded the business around fairer auto insurance pricing for farmers. The company operates as a mutual insurer and has grown into a broad financial services firm. State Farm offers auto, home, renters, condo, life, health, disability, pet, commercial, and small business insurance, along with related financial products and services. The company maintains a significant U.S. market presence through an agent-based model and a long-running focus on helping customers manage everyday risks and recover from losses.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Auto Broker | - | - | $25.18 | Modified Gross | Oct 2024 | |
| Burt Chiropractic | Health Care and Social Assistance | - | - | - | - | |
| Ernie Lopez-state Farm Insurance | Finance and Insurance | - | - | - | - | |
|
Finance and Insurance | - | - | - | - | |
| Gerald Garcia | - | - | - | - | - | |
|
Finance and Insurance | - | - | - | - | |
| Prime Circle Insurance Services | Finance and Insurance | - | - | - | - | |
|
Health Care and Social Assistance | - | - | - | - | |
|
Finance and Insurance | - | - | - | - |
Property Taxes
| Parcel Number | 080D-0564-004-05 | Improvements Assessment | $1,093,176 |
| Land Assessment | $635,408 | Total Assessment | $1,728,584 |
