$11,988,888 USD
650-867-4674
HIGHLIGHTS
- Prime Urban Bay Area Retail Location: Exceptional Density and traffic: $168K HH Income Area / 38,500 VPD Traffic in front of the center
- Committed Long Term Tenancy: 16 Year Average Leased to proven local businesses
- High CAGR 3.82%: Annualized Rent Growth
- Low Rents – Over 40% Below the Market: Rental rates average $27.40/SF vs average retail shops rental rate of $46.52/SF in 1 Mile
- Highly Desirable Strip Spaces: Twelve small shop spaces, highly replaceable units
- INVESTOR-FRIENDLY LEASE STRUCTURE: NNN leases with recent rent increases, still at 80% of market rates, offer potential upside
FOR SALE DETAILS
PRICE
$11,988,888 USD
PRICE/SF
$434 USD /SF
CAP RATE
6.83%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SAN JOSE SHOPPES
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1980
SPRINKLERS
-
PARKING SPACES
110
LAND DETAILS
LAND ACRES
2.18 AC
LAND SF
94,961 SF
ZONING
CN
APN/PARCEL ID
684-30-084
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650-867-4674
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650-867-4674
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