175 S Capitol Ave - Freestanding FOR SALE


San Jose, CA 95127- Florence-Nancy
$7,368,000 USD
650-279-5790
175 S Capitol Ave, San Jose, CA for Sale
$7,368,000 USD
Freestanding - FOR SALE
1/3
null | 5.97% Cap Rate

175 S Capitol Ave
San Jose, CA 95127
Florence-Nancy


HIGHLIGHTS

  • 100% leased to 9 tenants
  • All tenant leases are NNN with annual rent increases
  • Property offers excellent strong frontage onto South Capital Avenue
  • Strong Area Demographics (reported 236,238 residents within 3-mile radius with $150,250 Average Household Income)

OVERVIEW

Seller's have owned this property for 37 years and decided its time to dissolve the partnership. This property enjoys 100% occupancy to 9 tenants. All tenant leases are NNN with annual rent increases. Most of the existing tenants have occupied their spaces for an average of 11.5 years. The CAP rate reflects a 5.0% vacancy factor and is priced below $464/sq. ft. on gross square feet. This property has excellent frontage onto South Capital Avenue, situated near Alum Rock Avenue with a reported 236,238 residents within a 3-mile radius and Average Household Income of $150,250 within this same radius. CALL OR EMAIL TO REQUEST A DETAILED MARKETING PACKAGE.

FOR SALE DETAILS

PRICE

$7,368,000 USD

PRICE/SF

$464 USD /SF

CAP RATE

5.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Capital Commercial Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

C34

APN/PARCEL ID

484-56-050

ASK ABOUT THIS PROPERTY

Steve SauterMarcus & MillichapMore Info
650-279-5790

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Steve SauterMarcus & MillichapMore Info
650-279-5790

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