1205-1247 S Park Victoria Dr - Medical FOR SALE


Milpitas, CA 95035- Outer Milpitas/Berryessa
$6,880,000 USD
408-966-5919
1205-1247 S Park Victoria Dr, Milpitas, CA for Sale
$6,880,000 USD
Medical - FOR SALE
1/43
null | Request Cap Rate

1205-1247 S Park Victoria Dr
Milpitas, CA 95035
Outer Milpitas/Berryessa


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

OVERVIEW

- 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.

FOR SALE DETAILS

PRICE

$6,880,000 USD

PRICE/SF

$682 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

RETAIL/MEDICAL 10K SF USER OPP.

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Day Care Center, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,626 SF

ZONING

CO

APN/PARCEL ID

088-36-043

ASK ABOUT THIS PROPERTY

David TaxinMeacham OppenheimerMore Info
408-966-5919

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

David TaxinMeacham OppenheimerMore Info
408-966-5919

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