5489-5491 Snell Ave - Storefront Retail/Office FOR SALE


San Jose, CA 95123
$5,488,000 USD
408-371-0700
5489-5491 Snell Ave, San Jose, CA for Sale
$5,488,000 USD
Storefront Retail/Office - FOR SALE
1/35
null | 4.94% Cap Rate

5489-5491 Snell Ave
San Jose, CA 95123


HIGHLIGHTS

  • Convenient location, close to Hwy-85 @ Blossom Hill Rd.
  • Below market rents offer upside potential
  • Annualized rent increases for most Tenant's
  • Long history of stable Tenant's
  • Possible future redevelopment (check with City)
  • Same local, family Owner/Property Manager for over 42 years

OVERVIEW

R.G. Matusich & Associates, Inc. is pleased to exclusively offer for Sale an approximately 20,520 Square Foot Twelve (12) Tenant neighborhood strip retail center strategically located at the intersection of Snell Avenue and Giuffrida Avenue, One Block North of Blossom Hill Road. This rare opportunity includes Three (3) contiguous parcels of +/- 1.80 Acres of prime land. Located in the heart of Silicon Valley, the subject property is located in the established and densely populated Santa Clara County community of South San Jose, California. This Southbay location has excellent visibility and access from north and south Snell Avenue and close proximity to Highway-85, in the densely populated Blossom Valley/Santa Teresa neighborhoods of San Jose. La Mission Center is known for its iconic oversized Mission Bell nestled in its original green tower. Address: 5475, 5489, and 5499 San Jose, CA 95123 Parcel Numbers: 464-13-039; 464-13-040; 464-13-041 Gross Leasable Area: +/- 20,520 SF Property Type: Community/Neighborhood Retail No. Stories: One (1) No. Buildings: Three (3) Zoning: C2 (CN - Commercial Neighborhood) Year Built: 1969/1970 Lot Size: +/- 1.80 AC (+/- 78,408 SF) Parking Spaces: 63 (Buyer to verify) *Buyer to verify all information per county records for all square footages and all lot/parcel sizes. -5475 Snell Ave. consists of single-use Tenant, with an +/-  3,510 SF free-standing building. -5499 Snell Ave. consists of a single-use Tenant, with an +/- 2,720 SF free-standing building. -5489 Snell Ave. consists of an +/- 14,746 SF Multi-Tenant strip center with Ten (10) Tenants. -All spaces have been historically 100% occupied, with very little vacancy, and some Tenants leasing for over Thirty (30) years. -Two (2) of Twelve (12) Tenants are on a Gross Lease. All others are on a NNN Lease. All Three (3) parcels with all Three (3) Buildings are being sold together. *DO NOT DISTURB TENANTS **OM (OFFERING MEMORANDUM) AVAILABLE

FOR SALE DETAILS

PRICE

$5,488,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

4.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Mission Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

C2

APN/PARCEL ID

464-13-039,464-13-040,464-13-041

ASK ABOUT THIS PROPERTY

Robbie MatusichRichard G. Matusich & Associates Inc.More Info
408-371-0700

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Robbie MatusichRichard G. Matusich & Associates Inc.More Info
408-371-0700

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