PRICE DROP & SELLER FINANCING AVAILABLE
6,825 SF | 100% Leased | Office Building | San Jose, CA 95112 | $3,895,000 ($571/SF) | 4.62% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,895,000
- Property Type
-
Office
- Square Feet
- 6,825 SF
- Price / Square Foot
- $571
Listing Contacts
Lloyd Bakan
Verified Profile
Wendy Leung
Verified Profile
- Property Info
Property Overview
1. PRICED REDUCED BY $205,000 (was $4,100,000 now asking $3,895,000)
2. Seller will finance 65% for 2-5 years at an interest rate to be negotiated
3. Mixed-Use 6,825 sf Offering - Dental or Medical Office Building + 2 apartment units (1 bedroom & 3 bedroom)
4. High quality, turn key ready dental office available for an owner-user (approximately 1,527 square feet)
5. New 559 residential units in final stages of approval directly across the street from the subject property
6. High profile corner location
7. Surrounded by many local and national retail amenities
8. 4.62% cap rate based on 100% occupancy (see rent roll)
9. Zoning allows for a wide range of office and retail uses
2. Seller will finance 65% for 2-5 years at an interest rate to be negotiated
3. Mixed-Use 6,825 sf Offering - Dental or Medical Office Building + 2 apartment units (1 bedroom & 3 bedroom)
4. High quality, turn key ready dental office available for an owner-user (approximately 1,527 square feet)
5. New 559 residential units in final stages of approval directly across the street from the subject property
6. High profile corner location
7. Surrounded by many local and national retail amenities
8. 4.62% cap rate based on 100% occupancy (see rent roll)
9. Zoning allows for a wide range of office and retail uses
Property Details
- Class
- C
- Year Built/Renovated
- 1945/2007
- Stories
- 2
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 6,970 SF
Highlights
- High visibility corner location
- Attractive Spanish style design
- New 559 unit residential development planned directly across the street from the subject property
- Excellent owner-user dental or medical office opportunity
- Highly maintained building
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