10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
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10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
10K SF Office Owner User Opportunity
OFFICE

10K SF Office Owner User Opportunity

1205-1247 S Park Victoria Dr, Milpitas , CA 95035

$6,880,000

PROPERTY FACTS

Sales Price: $6,880,000
Status: For Sale
Building Size: 10,093 SF
Lot Size: 0.75 AC
Property Type: Office
Year Built: 1987

INVESTMENT HIGHLIGHTS

  • 10,093 SF Multi-Tenant Office/Medical Office For Sale on S. Park Victoria Drive in Milpitas
  • Rare Owner User Opportunity – 5,840 SF (58% of Building) Available For an Owner User to Occupy
  • 6 Unit Building – 5 of the 6 Units are Leased, Former Montessori School (4,048 SF) is now Vacant, and the Adjacent 1,792 SF Unit is on a MTM Lease
  • NNN Investment Opportunity: 6.16% CAP Rate at a Proforma Rent of $3.50 SF NNN. ($35,325.50/mo. $423,906/yr)
  • Large 32,627 SF Parcel of Land with 45 Parking Stalls, Including 1 Handicap Space (4.5/1,000)
  • Located on S Park Victoria Dr - 8 Parcels Away from the Corner of Landess Ave & S Park Victoria Dr with Easy Access to Hwy 680

EXECUTIVE SUMMARY

- 10,093 SF Multi-Tenant Office/Medical Office Strip Center For Sale on S. Park Victoria Drive in Milpitas.

- Rare Owner User Opportunity – 5,840 SF (58% of Building) Available For an Owner User to Occupy.

- 6 Unit Building – 5 of the 6 Units are Leased, Former Montessori School (4,048 SF) is now Vacant, and the Adjacent 1,792 SF Unit is on a Month-to-Month Lease Allowing for an Owner User to Occupy 58% of the Building.

- NNN Investment Opportunity: 6.16% CAP Rate at a Proforma Rent of $3.50 SF NNN. ($35,325.50/mo. $423,906/yr)

- Large 32,627 SF Parcel of Land with 45 Parking Stalls, Including 1 Handicap Space (4.5/1,000)

- Each Space is Separately Metered for Gas, Electricity, and HVAC (Except for 1207 & 1209 which Share a Common Meter & HVAC Unit).

- Large Monument Sign on S. Park Victoria Dr.

- Separate Restrooms in Each Unit.

- Absolute NNN Leases (Tenants Reimburse for Property Taxes, Insurance, Common Area Fees, Property Management, 10% Admin Fee, Parking Lot, Roof, and HVAC Repairs & Replacements).

- Zoning: CO – Commercial Office

- General Plan: NC – Neighborhood Commercial

- Located on S Park Victoria Dr - 8 Parcels Away from the Corner of Landess Ave & S Park Victoria Dr with Easy Access to Highway 680.

- Surrounded by a Mix of National Retailers  & Professional Office Uses.

David Taxin

David Taxin

Jeremy Awdisho

Jeremy Awdisho

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