1190 Norman Ave - Service FOR SALE


Santa Clara, CA 95054- Outer Santa Clara
$7,950,000 USD
408-966-5919
1190 Norman Ave, Santa Clara, CA for Sale
$7,950,000 USD
Service - FOR SALE
1/23
null | 6.91% Cap Rate

1190 Norman Ave
Santa Clara, CA 95054
Outer Santa Clara


HIGHLIGHTS

  • 20,160 SF Multi-Tenant Industrial NNN Leased Investment
  • 20 Units Ranging from 720 SF – 2,880 SF with their Own Roll Up Doors
  • 75% Leased to a Mix of Automotive & Industrial Uses
  • 4 Vacant Units (5,040 SF) – Seller to Guarantee Rent for 6 Months @ $2.50 SF NNN
  • Located on Norman Avenue, Minutes from Montague Expressway, Lafayette Street, San Tomas Expressway, & Highway 101
  • Very Desirable Units Which are Very Easy to Release due to the Lack of Small Industrial Units on the Market for Lease

OVERVIEW

- Rare 20,160 SF Multi-Tenant Industrial NNN Leased Investment Opportunity - 20,160 SF Multi-Tenant Industrial Building on a 1.04 Acre Lot - 20 Units Ranging from 720 SF – 2,880 SF with their Own Roll Up Doors. - 75% Leased to a Mix of Automotive & Industrial Uses. - 4 Vacant Units (5,040 SF) – Seller to Guarantee Rent for 6 Months @ $2.50 SF NNN - Located on Norman Avenue, Minutes from Montague Expressway, Lafayette Street, San Tomas Expressway, & Highway 101. - New Roof in 2024 - Rare Very Desirable Units Which are Very Easy to Release due to the Lack of Small Industrial Units on the Market for Lease, Under 3% Vacancy Rate in the Last 10 Years for Auto Repair. - Mix of Automotive & Industrial Tenants Such as Auto Repair, Sign Company, Auto Detailing Companies, Car Wraps, and Warehouse Storage. - Scarce Amount of Industrial/Auto Repair Product in Santa Clara County For Lease.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$394 USD /SF

CAP RATE

6.91%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

RARE 20,160 SF INDUSTRIAL INVESTMENT

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Auto Repair, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

UTILITIES

-

CLEAR CEILING HT

13 Ft

DOCKS

-

DRIVE INS

17

PARKING SPACES

41

LAND DETAILS

LAND ACRES

1.04

LAND SF

45,302

ZONING

-

APN/PARCEL ID

104-14-110

ASK ABOUT THIS PROPERTY

David TaxinMeacham OppenheimerMore Info
408-966-5919

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David TaxinMeacham OppenheimerMore Info
408-966-5919

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