1399 Foxworthy Ave - Bank FOR SALE


San Jose, CA 95118- Willow Glen South-Lincoln Glen
$4,500,000 USD
408-642-0826
1399 Foxworthy Ave, San Jose, CA for Sale
$4,500,000 USD
Bank - FOR SALE
1/3
null | 4.5% Cap Rate

1399 Foxworthy Ave
San Jose, CA 95118
Willow Glen South-Lincoln Glen


HIGHLIGHTS

  • Across from Zanotto’s Market, CVS, Starbucks, Giorgio’s Pizza, Mexico Lindo and Personal Services
  • Currently 100% Occupied by Tenant
  • Tenant to Lease Back ±67% of Building at Closing
  • 72 Parking Spaces on Site (70 + 2 ADA)

OVERVIEW

Cushman & Wakefield, as exclusive advisor, is pleased to present the opportunity to acquire a fee simple interest in a prominent freestanding ±6,515 square foot building on a ±1.21 acre corner lot at 1399 Foxworthy Avenue, San Jose, California. The property is located in a highly dense residential area within the prestigious Willow Glen neighborhood and provides excellent visibility and walkability to numerous grocery and drug stores, retail shops and restaurants, and services. Located just 2.8 miles from downtown Willow Glen and 5 miles from downtown San Jose, the property is strategically located in one of the most desirable suburbs of Santa Clara County. The current Tenant has occupied the building since 2009. The building was occupied by Downey Savings & Loan previous to 2009 for many years. At Close of Escrow, Tenant will lease back ±4,387 square feet, providing the opportunity for an owner-user or investor to lease the remaining ±2,128 square feet.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$680 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

C1 SJ

APN/PARCEL ID

439-42-097

ASK ABOUT THIS PROPERTY

Miki CorreaCushman & WakefieldMore Info
408-642-0826

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Miki CorreaCushman & WakefieldMore Info
408-642-0826

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