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MAJOR PRICE REDUCTION - MOTIVATED SELLER!!! 38690 Stivers St 10,285 SF Office Building Fremont, CA 94536 $4,950,000 ($481.28/SF) 6.96% Cap Rate
INVESTMENT HIGHLIGHTS
- Opportunity for an owner-user to occupy 3,771 sf while benefiting from $233,487 per year of net income from the Washington Hospital lease
- One half block from the Washington Hospital campus
- Opportunity Zoned (OZ) property
- 7.0% Cap Rate (Based on Washington Hospital current lease income, combined with the vacant space leased at $2.45/sf NNN.)
- Excellent 1031 Exchange Opportunity
- Large 35,680 sf lot with 65+ car parking
EXECUTIVE SUMMARY
MAJOR PRICE REDUCTION - PRICED TO SELL - SUBMIT ALL OFFERS
1. Washington Hospital Anchored NNN leased investment (63% or 6,514 sf), leased by Washington Hospital)
2. New 5 year lease currently at $2.99/sf NNN with 3.0% annual increases (Lease expires in 6/31/2029)
3. 3,771 square feet available for an owner user (previously used as physical therapy space)
4. Highly improved interior buildout
5. Excellent 1031 Exchange opportunity
6. One half block from the main Washington Hospital campus
7. Large lot of 35,680 offering 65 car parking
8. Separate gas and electrical meters
1. Washington Hospital Anchored NNN leased investment (63% or 6,514 sf), leased by Washington Hospital)
2. New 5 year lease currently at $2.99/sf NNN with 3.0% annual increases (Lease expires in 6/31/2029)
3. 3,771 square feet available for an owner user (previously used as physical therapy space)
4. Highly improved interior buildout
5. Excellent 1031 Exchange opportunity
6. One half block from the main Washington Hospital campus
7. Large lot of 35,680 offering 65 car parking
8. Separate gas and electrical meters
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$344,348
|
$33.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$344,348
|
$33.48
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $344,348 |
| Annual Per SF | $33.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $344,348 |
| Annual Per SF | $33.48 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
10,285 SF
Building Class
B
Year Built
1972
Price
$4,950,000
Price Per SF
$481.28
Cap Rate
6.96%
NOI
$344,348
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,285 SF
Building FAR
0.29
Lot Size
0.81 AC
Opportunity Zone
Yes
Zoning
CC-UO & OS - Office Medical
Parking
65 Spaces (6.32 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Washington Hospital
- Health Care and Social Assistance
- 6,514 SF
- $35.88
- Triple Net
- Jul 2029
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Washington Hospital | Health Care and Social Assistance | 6,514 SF | $35.88 | Triple Net | Jul 2029 |
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Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 501-1536-074-00 | Improvements Assessment | $1,152,734 |
| Land Assessment | $510,525 | Total Assessment | $1,663,259 |
PROPERTY TAXES
Parcel Number
501-1536-074-00
Land Assessment
$510,525
Improvements Assessment
$1,152,734
Total Assessment
$1,663,259
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MAJOR PRICE REDUCTION - MOTIVATED SELLER!!! | 38690 Stivers St
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