1814-1816 Hillsdale Ave - Freestanding FOR SALE


San Jose, CA 95124
$8,900,000 USD
408-477-2508
1814-1816 Hillsdale Ave, San Jose, CA for Sale
$8,900,000 USD
Freestanding - FOR SALE
1/27
null | Request Cap Rate

1814-1816 Hillsdale Ave
San Jose, CA 95124


HIGHLIGHTS

  • Rare Value Add Multi-Tenant Retail Opportunity or Owner User Opportunity
  • The Building is Currently 100% Vacant
  • 23,899 SF and Consists of 7 Units - Largest Unit is 12,759 SF
  • 8.8% Proforma CAP Rate (Using a Proforma Rent/ SF of $2.75 SF NNN)
  • Located in the Camden/Hillsdale Urban Village Designation – Rare 1.76 AC Redevelopment Opportunity
  • 137 Parking Stalls

OVERVIEW

- Rare value add multi-tenant retail opportunity or owner user opportunity. SELLER WANTS THIS SOLD. - The building is currently 100% vacant. - The building is 23,899 SF and consists of 7 units with the largest unit being 12,759 SF which was a former gym. - 8.8% Proforma CAP Rate (Using a proforma rent/ SF of $2.75 SF NNN). - Located in the Camden/Hillsdale Urban Village Designation – great 1.76 AC redevelopment opportunity. - The property consists of three (3) parcels totaling 76,666 square feet (1.76 aces) - 137 parking stalls - Across the street from a Power Center which includes national retailers such as Target, Home Depot, TJ Maxx & HomeGoods, 24 Hour Fitness, McDonalds, & Starbucks. - Strategically positioned on the corner of Camden and Hillsdale Avenue with excellent visibility and traffic counts as well as easy access to Hwy 85, 880, & 280.

FOR SALE DETAILS

PRICE

$8,900,000 USD

PRICE/SF

$372 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Priced to Sell - 24K SF Retail on 1.76 AC,

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Day Care Center, Health Club, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

137

LAND DETAILS

LAND ACRES

1.76 AC

LAND SF

76,666 SF

ZONING

CN

APN/PARCEL ID

419-05-054,419-05-055,419-05-060

ASK ABOUT THIS PROPERTY

David TaxinMeacham OppenheimerMore Info
408-477-2508

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David TaxinMeacham OppenheimerMore Info
408-477-2508

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