7111 Camino Arroyo - Bank FOR SALE


Gilroy, CA 95020
$3,800,000 USD
408-453-7419
7111 Camino Arroyo, Gilroy, CA for Sale
$3,800,000 USD
Bank - FOR SALE
1/5
null | 5.1% Cap Rate

7111 Camino Arroyo
Gilroy, CA 95020


HIGHLIGHTS

  • Zero Landlord Responsibilities - NNN lease, with tenant maintaining all aspects of the property including roof, structure, parking lot and maintenance
  • Within Pacheco Pass Center - dominate regional shopping center in Gilroy, with Costco, Walmart, Lowe's, Best Buy and many others as cotenants
  • Freestanding Building - prominent hard corner location with dedicated drive thru lane

OVERVIEW

Bank of America has occupied this site for over 20 years and has four (4) - five (5) year option periods with increases at FMV, not less than prior rent. All aspects of the property, including roof, structure, parking lot and maintenance are the responsibility of the Tenant. Drive-thru location with a variety of future uses possible.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$644 USD /SF

CAP RATE

5.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

A125

APN/PARCEL ID

841-18-062

ASK ABOUT THIS PROPERTY

James KayeCBRE, Inc.More Info
408-453-7419

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James KayeCBRE, Inc.More Info
408-453-7419

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