1207-1247 S Park Victoria Blvd - Medical FOR SALE


Milpitas, CA 95035
$2,400,000 USD
408-331-2308
1207-1247 S Park Victoria Blvd, Milpitas, CA for Sale
$2,400,000 USD
Medical - FOR SALE
1/20
null | 6.3% Cap Rate

1207-1247 S Park Victoria Blvd
Milpitas, CA 95035


HIGHLIGHTS

  • Great Professional Office Location in Silicon Valley
  • Professionally Managed Property with No Deferred Maintenance
  • Great Building & Monument Signage for each Tenant
  • Convenient and Ample Storefront Parking
  • Close to Great Mall of Bay Area, New Milpitas Bart Station
  • Absolute Triple Net Leases. Tenant's reimburse for all operating expenses. Separately metered utilities for each suite with separate restrooms.

OVERVIEW

Great Professional Office Location in Silicon Valley. Great location adjacent to Chase Bank across from largest Christian Church & Preschool (Christ Community) in Milpitas, new Apni Mandi Farmer’s Market, Bowlero Milpitas and near Seafood City Supermarket & Target. Professionally managed property with no deferred maintenance. Asking Price: $2,400,000 Current Annual NNN Income: $236,448* (assumes 100% occupancy) 6.3% Cap Rate – 60% occupied / 9.9% Cap Rate if 100% Leased 60% Leased as of January 2025 Fee Simple Title. Multi-Tenant NNN Leased Investment. Annual Rent Increases in All Leases (3-4% per yr). Absolute triple net multi-tenant professional commercial building. (Tenants reimburse for taxes, insurance and common area fees, plus property management, PLUS 10% Admin fee, parking lot, roof and HVAC repairs & replacement). Long term, well established tenants. No Existing Financing – Buyer can structure new financing that best suits its needs. All internet resistant service-oriented tenants.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Victoria Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

CO

APN/PARCEL ID

088-36-043

ASK ABOUT THIS PROPERTY

Mark BiaginiBiagini Properties, Inc.More Info
408-331-2308

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Mark BiaginiBiagini Properties, Inc.More Info
408-331-2308

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