1000 Jacklin Rd - Day Care Center FOR SALE


Milpitas, CA 95035- North Milpitas
$5,500,000 USD
650-793-0541
1000 Jacklin Rd, Milpitas, CA for Sale
$5,500,000 USD
Day Care Center - FOR SALE
1/6
null | Request Cap Rate

Apr '25


1000 Jacklin Rd
Milpitas, CA 95035
North Milpitas


HIGHLIGHTS

  • CUP for School with 266 students and 36 staff in Place!
  • Potential Drive-Thru Restaurant by Highway 680 and Jacklin Road. (High Way Visibility)
  • Potential Multi-Family High Density Residential Development with GPA. 6 Story, 85-Unit Goal at "MXD3-TOD" code 75 units/acre?
  • Total Building 24,000± SF, 17,391± SF Ground Floor and 6,609± SF Upstairs (Not ADA Access.)+- Approx. 1.14 Acres Gross of Land.
  • Avg HH Income within City Borders = $176,000.
  • High Traffic Count! I-690 = 146,000 ADT, Jacklin Rd = 21,600 ADT.

OVERVIEW

Owner reserves the right to reject any and all offers. Please do not disturb existing tenants. Please schedule tour with exclusive listing broker. 1000 Jacklin was originally built in 1980 as a 22,300 square foot, two-story sports and racquetball club. It was remodeled in 1997 to add 1,700sf to the upper level, the total square footage is 24,000. The clock tower was added in 2003 to house one of the two cell towers on the property (four total cell leases). The clock tower lease to American Tower was sold to them. Total Building 24,000± SF, 17,391± SF Ground Floor and 6,609± SF Upstairs (Not ADA Access.) New owner can occupy the full 24,000 sf (working to update Costar details). Building Dimensions: 92’3” X 186’ 7” (30ft tall). Ceiling Height: 24 feet (clear height). Men's and Women's Locker Rooms with Saunas. No sprinklers. 56 parking spaces. 1200 Amp, 3 phase. HVAC, 11 units. Connecting easement to Jacklin Road, and access from Hillview Road. Daycare School CUP in place for 266 students and 36 staff. P-UP21-0003. Staff Name Avery Stark astark@ci.milpitas.ca.gov 408-586-3288. See attached CUP doc. Highway Services (HS) Zone. The purpose and intent of this zone is to provide for the wide range of personal and business services primarily oriented to the automobile customer and transient residential uses such as motels or mobile home parks. It is intended to include those commercial uses which customarily located outside of the Central Business District area and tend to require lots with well-maintained grounds. https://library.municode.com/ca/milpitas/codes/code_of_ordinances?nodeId=TITXIZOPLAN_CH10ZO_S5COZOST In 2019, a developer received a Negative Declaration for the construction of a new 122-room hotel. The proposed five-story, approximately 81,250-square-foot building would be a maximum of 73 feet in height with a single level of underground parking. In addition to the guest rooms, the proposed building would include a meeting room, lounge area, office space, fitness center, and indoor pool and spa. The neighbors protested this development, but with the dozens of new pro-housing laws, a high density housing project would be more achievable. Milpitas, CA - Development Pipeline: https://milpitas-gis-milpitas.hub.arcgis.com/apps/24fe9a09abcc4639913968f21309e510/explore?path= Population in the five mile radius is estimated at 236,928 and projected to grow by 1.42% to 240,289 between now and 2026. Within the one mile radius, there are 588 businesses and 5,307 employees. Demographics: Average HH Income = $176,822. Milpitas' population contains 80,839 residents and can bloom to approximately 118,000 people during the daytime. The majority of the Milpitas population identifies as Asian (67.5%), followed by White (14.2%). Largest Employers: Cisco Systems with over 3,000 employees, Lifescan with over 2,500 employees and KLA with over 2,000 employees. Other major employers are Solectron Corporation; LSI Logic Corporation; Linear Technology; KLA Tencor Corporation; Maxtor Corporation; Xicor, Inc.; Seagate Technology, and the newly relocated SanDisk, Flex, Headway Technologies and Milpitas Unified School District. Current parking of 2.5 spaces/1,000 sf is ample for a warehouse use, but less than a new construction requirement in the HS zoning (legally non-conforming). Required Spaces: 112 spaces or 5 spaces per 1,000 SF Provided Spaces: 56 spaces or 2.5 spaces per 1,000 SF

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$247 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Multi-Family, Drive-Thru, School, Gym, Hotel?

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

ADD'L SUBTYPES

Restaurant, Supermarket, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

HS

APN/PARCEL ID

028-05-015

ASK ABOUT THIS PROPERTY

Alexander KentSymphonic Real Estate ServicesMore Info
650-793-0541

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Alexander KentSymphonic Real Estate ServicesMore Info
650-793-0541

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.