319-325 Monroe St - Freestanding FOR SALE


San Jose, CA 95128- Santana Row
$4,100,000 USD
650-208-5282
319-325 Monroe St, San Jose, CA for Sale
$4,100,000 USD
Freestanding - FOR SALE
1/7
null | 5.43% Cap Rate

319-325 Monroe St
San Jose, CA 95128
Santana Row


HIGHLIGHTS

  • Multi-tenant retail property 100% leased to four tenants
  • Favorable triple net leases that allow pass through of operating expenses
  • Located directly across from Westfield Valley Fair and blocks from Santana Row
  • Easy access from I-880 and I-280, as well as Stevens Creek Boulevard
  • Affluent trade area with an average annual household income of $176,702

OVERVIEW

319-325 S. Monroe Street is a multi-tenant retail center 100% leased to four tenants. The building measures approximately 7,680 square feet and is situated on a 0.38-acre parcel. The building improvements are masonry block construction with plate glass and anodized aluminum frame storefronts. There are 18 on-site parking spaces for a ratio of 2.34 per 1,000 SF. The parking lot was recently sealed and striped and the roof had a new covering applied in 2025. The property is in excellent condition and has been well maintained by the owner. Three of the leases expire in the next year and contract rents are below market. Two of the leases include options at fair market rent, giving an investor the opportunity to significantly increase the income by renewing the leases at market rent. With no deferred maintenance and no current vacancy, the asset is an ideal value-add investment with limited downside and substantial upside income potential.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$560 USD /SF

CAP RATE

5.43%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

UVC

APN/PARCEL ID

277-34-002

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.