2812 Stevens Creek Blvd - Auto Repair FOR SALE


San Jose, CA 95128- Santana Row
$3,000,000 USD
650-208-5282
2812 Stevens Creek Blvd, San Jose, CA for Sale
$3,000,000 USD
Auto Repair - FOR SALE
1/9
null | 6% Cap Rate

2812 Stevens Creek Blvd
San Jose, CA 95128
Santana Row


HIGHLIGHTS

  • Single-tenant auto repair building leased to a successful tenant; tenant plans to renew for another five years
  • High visibility location with signage at the corner of Stevens Creek Boulevard and Monroe Street
  • Three repair bays and a massive site with 23 parking spaces
  • Curb cuts along Stevens Creek Boulevard and Monroe Street
  • Excellent future owner/user or redevelopment opportunity

OVERVIEW

2812 Stevens Creek Boulevard is a single-tenant auto repair building situated on a 0.37-acre parcel at the corner of Stevens Creek Boulevard and Monroe Street. The building measures 1,674 square feet and has three repair bays and an attached office; there are 23 parking spaces on site. The property has highly visible location and the tenant benefits from a pylon sign on Stevens Creek Boulevard. Additionally, there are curb cuts along both Stevens Creek Boulevard and Monroe Street to provide access and circulation. Stevens Creek Automotive has occupied the site for many years and recently indicated they plan to extend their lease for another five years. The lease has a triple net expense structure with limited landlord responsibilities and provides. The tenant is responsible for all operating expenses except for the roof, building structure, foundation, and exterior walls. Given the nature of the use, landlord expenses are anticipated to be minimal.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$1,748 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Auto Dealership, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1951

SPRINKLERS

-

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,300 SF

ZONING

PD, Planned Development

APN/PARCEL ID

277-34-054

ASK ABOUT THIS PROPERTY

Joshua JohnsonMarcus & MillichapMore Info
650-208-5282

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Joshua JohnsonMarcus & MillichapMore Info
650-208-5282

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