5159 Lone Tree Way Antioch, CA 94531
- Medical offices
- 1,498 SF
Current Use by Public Records
- Buffalo Garage Door Repair / Garage Door Supplier
- Creative Real Estate Concepts / Real Estate Agency
- Bay Oriental Medical Clinic / Acupuncture Clinic
Property Details for 5159 Lone Tree Way
- Year built
- 2006
- Property size
- 1,498 SF
- Property type
- Medical offices
- APN
- 0564600062
Description
This exceptional 1,498 square foot executive/medical office condo in Antioch, CA, presents a lucrative owner-user investment opportunity. Located at 5159 Lone Tree Wy, 94531, this single-story, Class B building boasts a desirable location between Highway 4 and Hillcrest, near Walmart, ensuring high visibility and walk-in traffic. Built in 2006 and renovated in 2008, the property is in excellent condition and features four private offices, a spacious open area accommodating at least four additional cubicles, a welcoming reception area, an ADA-compliant bathroom, and a kitchenette. A dedicated HIPAA-compliant storage file area adds to its functionality. Currently 100% occupied with a three-year lease (commencing June 1, 2023, and expiring May 31, 2026), the property generates a strong NOI of $20,076, yielding a 4.02% cap rate and a pro-forma cap rate of 5.22%. The asking price is $499,950, translating to $333.74 per square foot. This turnkey operation is perfect for a business seeking a high-return investment and a functional, well-appointed space. The property is zoned for office use and offers a gross lease structure with a credit-rated tenant. This is a single-unit property with no ground lease and is eligible for a 1031 exchange. The APN is 0564600062.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Antioch
- County
- Contra Costa
- State
- California
- Longitude
- -121.7558104
- Latitude
- 37.9622708