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.