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Bldg J2 2508 Verne Roberts Cir 9,600 SF Flex Building Antioch, CA 94509 $2,500,000 ($260.42/SF) 3.96% Cap Rate
Investment Highlights
- Recession-proof tenants with never-late monthly payments
Executive Summary
100% tenant occupied Class B building with Social Security Administration, a Government Entity who is a secure tenant and has been in place for 12 years with 3 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 mailbox and get the check. Currently a 3.2 % cap rate with an NOI of $90,000/yr. Higher expenses the last two years due to fulfilling GSA required improvements. Full-service lease. Annual CPI increase. Tenant pays majority of property taxes for assessed 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. Social Security Administration has no indication of leaving and is not on the closure list.
Please text or call agent for info and appointment. Tenant is Social Security Administration. 3yrs left on lease. Sale is subject to approval of GSA (General service admin- Gov't Agency )who operates the Social Security Admin. Call listing agent for P&L's of last 3 years. Roof covering is TPO. Buyers must have current Dunn and Brad street number and SAM's number.
Please text or call agent for info and appointment. Tenant is Social Security Administration. 3yrs left on lease. Sale is subject to approval of GSA (General service admin- Gov't Agency )who operates the Social Security Admin. Call listing agent for P&L's of last 3 years. Roof covering is TPO. Buyers must have current Dunn and Brad street number and SAM's number.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$223,888
|
$23.32
|
| Other Income |
$88,286
|
$9.20
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$312,174
|
$32.52
|
| Taxes |
$31,000
|
$3.23
|
| Operating Expenses |
$182,149
|
$18.97
|
| Total Expenses |
$213,149
|
$22.20
|
| Net Operating Income |
$99,025
|
$10.32
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $223,888 |
| Annual Per SF | $23.32 |
| Other Income | |
|---|---|
| Annual | $88,286 |
| Annual Per SF | $9.20 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $312,174 |
| Annual Per SF | $32.52 |
| Taxes | |
|---|---|
| Annual | $31,000 |
| Annual Per SF | $3.23 |
| Operating Expenses | |
|---|---|
| Annual | $182,149 |
| Annual Per SF | $18.97 |
| Total Expenses | |
|---|---|
| Annual | $213,149 |
| Annual Per SF | $22.20 |
| Net Operating Income | |
|---|---|
| Annual | $99,025 |
| Annual Per SF | $10.32 |
Property Facts
| Price | $2,500,000 | Lot Size | 0.23 AC |
| Price Per SF | $260.42 | Rentable Building Area | 9,600 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 3.96% | Year Built | 2007 |
| Sale Condition | 1031 Exchange | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 3.25/1,000 SF |
| Property Subtype | Flex Research & Development | Clear Ceiling Height | 16’ |
| Building Class | B |
| Price | $2,500,000 |
| Price Per SF | $260.42 |
| Sale Type | Investment |
| Cap Rate | 3.96% |
| Sale Condition | 1031 Exchange |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 0.23 AC |
| Rentable Building Area | 9,600 SF |
| No. Stories | 1 |
| Year Built | 2007 |
| Tenancy | Single |
| Parking Ratio | 3.25/1,000 SF |
| Clear Ceiling Height | 16’ |
Utilities
- Lighting
- Water
- Sewer
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- SSA Administration
- Public Administration
- -
- $30.96
- Full Service
- Jul 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| SSA Administration | Public Administration | - | $30.96 | Full Service | Jul 2028 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 074-470-015-4 | Total Assessment | $3,625,431 (2025) |
| Land Assessment | $613,533 (2025) | Annual Taxes | $31,000 ($3.23/SF) |
| Improvements Assessment | $3,011,898 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
074-470-015-4
Land Assessment
$613,533 (2025)
Improvements Assessment
$3,011,898 (2025)
Total Assessment
$3,625,431 (2025)
Annual Taxes
$31,000 ($3.23/SF)
Tax Year
2024
Contact
-
Roxanne Mercer -
Roxanne Mercer Real Estate
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Bldg J2 | 2508 Verne Roberts Cir
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