2955 Senter Rd - Freestanding FOR SALE


San Jose, CA 95111- Lone Bluff
$3,490,000 USD
408-966-5919
2955 Senter Rd, San Jose, CA for Sale
$3,490,000 USD
Freestanding - FOR SALE
1/11
null | 5.95% Cap Rate

2955 Senter Rd
San Jose, CA 95111
Lone Bluff


OVERVIEW

RARE SAN JOSE RETAIL INVESTMENT OPPORTUNITY • ±5,414 SF multi-tenant retail center on a ±17,500 SF parcel. • Rare opportunity to acquire a newer construction retail center built in 2004. • Configured as eight (8) small shop suites averaging approximately ±677 SF. STABLE NNN INCOME + UPSIDE POTENTIAL • Property is currently approximately 88% leased with only one ±625 SF vacancy which seller will guarantee rent at $4.00 SF for 6 months. • All leases are NNN leases. • Current base rental income of approximately $14,800/month and $17,306/month including the sellers rent guarantee. • Offered at an approximate 5.95% cap rate. STRONG SMALL SHOP DEMAND • Small suites benefit from strong local leasing demand. • Tenant mix consists primarily of Vietnamese-oriented retail and food businesses. • Located two parcels from Caribbee’s Center & Lee’s Supermarket. PARKING + ACCESS • Property features twenty-four (24) dedicated parking spaces. • Large parcel provides excellent customer circulation and access. • Strong visibility along heavily trafficked Senter Rd corridor. • Convenient access to US-101 and major San Jose thoroughfares.

FOR SALE DETAILS

PRICE

$3,490,000 USD

PRICE/SF

$645 USD /SF

CAP RATE

5.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Leased Retail Strip Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

CN

APN/PARCEL ID

497-27-016

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.