$12,300,000 USD
650-867-4674
HIGHLIGHTS
- PRIME URBAN RETAIL LOCATION: Centrally located in San Jose, CA, with 27,611 SF of retail space across twelve units.
- MODERNIZED PROPERTY FEATURES: Built in 1980, the property has been modernized with renovations that include a re-coated roof, new gutters
- FULLY OCCUPIED WITH STABLE TENANTS: 11/12 units are occupied, including Mercado Market and a mix of food and service-oriented tenants
- INVESTOR-FRIENDLY LEASE STRUCTURE: NNN leases with recent rent increases, still at 80% of market rates, offer potential upside
- HIGH-TRAFFIC, ACCESSIBLE LOCATION: Positioned on Monterey Highway, visible to all three lanes of traffic, with easy access to Highways 101 and 85
- SILICON VALLEY ADVANTAGE: Located in San Jose, a major hub in Northern California and home to several tech giants, providing a strong market
FOR SALE DETAILS
PRICE
$12,300,000 USD
PRICE/SF
$445 USD /SF
CAP RATE
5.41%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SAN JOSE SHOPPES
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
110
LAND DETAILS
LAND ACRES
2.18 AC
LAND SF
94,961 SF
ZONING
CN
APN/PARCEL ID
684-30-084
ASK ABOUT THIS PROPERTY
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650-867-4674
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650-867-4674
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