4750 Almaden Expy, San Jose, CA 95118
16,032 SF | 93% Leased | Retail Building | San Jose, CA 95118 | $12,988,000 ($810/SF) | 5.26% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $12,988,000
- Property Type
-
Retail
- Square Feet
- 16,032 SF
- Price / Square Foot
- $810
Listing Contacts
Mark Biagini
Verified Profile
- Property Info
Property Overview
Multi-Tenant Retail Center For Sale. Fee simple title, multi-tenant NNN leased investment. Absolute triple net multi-tenant (14) shopping center with annual 3-4% rent increases in all leases. (Tenants reimburse for taxes, insurance and common area fees, plus property management, PLUS 10% Admin fee, parking lot, roof and HVAC repairs & replacement). Long term, well established tenants – Burrito Factory 20+ yrs., Poki Bowl; UPS ; Laguna Dental 15+ years. No existing financing – buyer can structure new financing that best suits its needs. All internet resistant service-oriented tenants. Great retail location in Silicon Valley shadow anchored by Safeway, McDonalds, Savers and Jo-Ann Fabrics; adjacent major retail project – Almaden Ranch 350,000 Sq. Ft. anchored by Bass Pro Shops. Professionally managed property with no deferred maintenance.
Property Details
- Class
- C
- Year Built
- 1988
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 48,352 SF
Highlights
- Great Retail Location in Silicon Valley
- Shadow Anchored by Safeway, McDonalds, Savers and Jo-Ann Fabrics
- Adjacent Major Retail Project – Almaden Ranch
- Fee Simple Title. Multi-Tenant NNN Leased Investment
- Long Term, Well Established Tenants
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