18-20 S 2nd St - Office FOR SALE


San Jose, CA 95113- Sun
$2,187,500 USD
408-727-9600
18-20 S 2nd St, San Jose, CA for Sale
$2,187,500 USD
Office - FOR SALE
1/22
null | Request Cap Rate

18-20 S 2nd St
San Jose, CA 95113
Sun


HIGHLIGHTS

  • Prime Downtown San Jose location
  • Single tenant leased investment
  • Brand new tenant improvements for workspace environment
  • Directly across from VTA light rail stop
  • Walking distance (or short DASH shuttle) to Diridon Caltrain Station and future BART Station on East Santa Clara Street
  • Long Term lease with Regus, ±9 years remaining

OVERVIEW

Newmark, as exclusive advisor, is pleased to present the unique opportunity to acquire the fee simple interest in a 100% leased, single tenant asset consisting of ±17,500 RSF leased to Regus (IWG PLC) located in Downtown San Jose. This rare opportunity to acquire a leased investment, provides the investor the ability to own newly renovated office space in the prominent and growing Downtown San Jose market with a 10+ year commitment from one of the largest coworking companies in the world. Not only did the Tenant commit to a 10 year initial term, but the lease also provides upside for an investor through profit participation.

FOR SALE DETAILS

PRICE

$2,187,500 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Globe

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

171

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C3

APN/PARCEL ID

467-63-010,467-63-011,467-63-012,467-63-015

ASK ABOUT THIS PROPERTY

Jesse MillmanNewmarkMore Info
408-727-9600

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

Jesse MillmanNewmarkMore Info
408-727-9600

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