1150-1164 Old Bayshore Hwy - Warehouse FOR SALE


San Jose, CA 95112- Berryessa
$4,000,000 USD
408-966-5919
1150-1164 Old Bayshore Hwy, San Jose, CA for Sale
$4,000,000 USD
Warehouse - FOR SALE
1/12
null | Request Cap Rate

Dec '28


1150-1164 Old Bayshore Hwy
San Jose, CA 95112
Berryessa


OVERVIEW

BELOW MARKET ACQUISITION • Offered at $4,000,000 ($276/SF). • Estimated vacant market value of approximately $350/SF. • Approximately $1,000,000 below estimated vacant owner-user value. • Opportunity to acquire a Silicon Valley industrial asset below market pricing. BELOW MARKET RENT UPSIDE • Leased to FleetPride, Inc. through November 30, 2028. • FleetPride is the nation's largest independent distributor of heavy-duty truck and trailer parts, operating more than 300 locations across 46 states. • Existing lease is below current market rental rates. • Current Rent: $12,400/mo. ($0.86 SF Modified Gross) • No remaining renewal options. • Opportunity to negotiate a new market-rate lease or occupy the building upon lease expiration. • Pro forma at approximately $1.50/SF NNN reflects an estimated 6.50% cap rate. FUNCTIONAL INDUSTRIAL BUILDING • ±14,490 SF concrete tilt-up industrial building. • ±16' clear height. • 2 grade-level loading doors. • Sprinkler system. • Approximately 3,000 SF office/showroom. • ±0.76-acre fully fenced and paved site. HEAVY INDUSTRIAL ZONING (HI) • Permits a broad range of industrial uses. • Ideal for warehouse, manufacturing, distribution, contractor yard, and automotive uses. PRIME SILICON VALLEY LOCATION • Frontage on Old Bayshore Highway. • Immediate access to US-101 and Interstate 880. • Minutes from Mineta San Jose International Airport. • Located in one of Silicon Valley's most established industrial corridors.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$276 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Heavy Industrial Investment/Owner User Opp.

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.76

LAND SF

33,106

ZONING

HI

APN/PARCEL ID

237-07-005,237-07-077

ASK ABOUT THIS PROPERTY

David TaxinMeacham OppenheimerMore Info
408-966-5919

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David TaxinMeacham OppenheimerMore Info
408-966-5919

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