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Property Subject to Ground Lease 2140 W Grant Line Rd 7,411 SF Office Building Tracy, CA 95377 $400,000 ($53.97/SF)
INVESTMENT HIGHLIGHTS
- Commercial retail/office property
- Drive-through lane
- Close to new restaurants, retail, medical and housing
- Ready for occupancy/above-market standard improvements
- Excellent accessibility to I-205 and major arterial roads: Grant Line Road and Coral Hollow Road
- Building signage available
EXECUTIVE SUMMARY
2140 Grant Line Road is a free standing, former community bank. The building is primarily improved as commercial office space and is subject to a ground lease set to expire May 1st, 2027.
Monthly ground rent is +/- $13,865 per month and the ground lease can be extended with options until May 31st, 2047
Monthly ground rent is +/- $13,865 per month and the ground lease can be extended with options until May 31st, 2047
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Office
Building Size
7,411 SF
Building Class
B
Year Built
2007
Price
$400,000
Price Per SF
$53.97
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,705 SF
Building FAR
0.27
Lot Size
0.64 AC
Zoning
GHC
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 238-190-20 | Improvements Assessment | $1,865,220 |
| Land Assessment | $458,452 | Total Assessment | $2,323,672 |
PROPERTY TAXES
Parcel Number
238-190-20
Land Assessment
$458,452
Improvements Assessment
$1,865,220
Total Assessment
$2,323,672
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Property Subject to Ground Lease | 2140 W Grant Line Rd
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