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

10K SF Medical Office Owner User Opportunity

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

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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 Policy.