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100 S 2nd Street - The Market by Safeway, San Jose, CA

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100 S 2nd Street - The Market by Safeway

San Jose, CA 95113-2602 - Downtown San Jose East Submarket

Property Type:Retail Sub Type:Supermarket Status:Existing Year Built:2008
Building Size:24,090 SF Land Area:.55 AC (24,089 SF)
For Sale Price:$12,500,000 Price/SF:$518.89
Cap Rate:5.62 %

Sale Notes:
Offering an investor stability and long term viability, The Market by Safeway is truly a trophy asset and is located within one of the fastest growing areas of the Silicon Valley. The Property is a part of a 23-story, 197 unit luxury condominium complex named The 88 and is central to 3,424 new units being built throughout Downtown San Jose.
The Property is located a few minutes away from San Jose State University, adjacent to the San Jose lite rail line, and within the bustling Downtown San Jose District. Directly benefiting from a surplus of 32,000 San Jose State University students per year, The Market by Safeway has excellent sales and is seeing a surge of economic development within the immediate trade area.

Colliers International
Tom J Lagos
(213) 627-1214 x3299

Heather Boren
(213) 532-3234

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