548-562 S Murphy Ave - Freestanding FOR SALE


Sunnyvale, CA 94086- Downtown Sunnyvale
$5,200,000 USD
408-209-7781
548-562 S Murphy Ave, Sunnyvale, CA for Sale
$5,200,000 USD
Freestanding - FOR SALE
1/21
null | 5.7% Cap Rate

548-562 S Murphy Ave
Sunnyvale, CA 94086
Downtown Sunnyvale


HIGHLIGHTS

  • Great Retail Location in Silicon Valley
  • Close to Downtown Sunnyvale (City Line, Uber, Whole Foods)
  • Professionally Managed Property with No Deferred Maintenance
  • Long Term, Well Established Locally Owned Tenants
  • All Internet Resistant Service-Oriented Tenants
  • 100% Leased

OVERVIEW

* Asking Price: $5,200,000 * Current Annual NNN Income: $295,584* (assumes 100% occupancy) * 5.7% Cap Rate * 100% Leased * No Existing Financing – Buyer can structure new loan to best suit its needs. * 10,046 SF – Total Building Gross Leasable Area * 22,100 SF – Total Land SF (2 tax parcels) * Fee Simple Title. Multi-Tenant NNN Leased Investment. * Annual Rent Increases in All Leases (3-4% per year). * Absolute triple net multi-tenant (7 spaces leased to 5 tenants) retail center with annual increases. (Tenants reimburse for taxes, insurance and common area fees, plus property management, PLUS 10% Admin fee, parking lot, roof and HVAC repairs & replacement). * Roof surface replaced new 2007. * Parking Lot resealed and restriped 2008.

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$518 USD /SF

CAP RATE

5.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Murphy Commercial Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

R20

APN/PARCEL ID

209-30-059

ASK ABOUT THIS PROPERTY

Mark BiaginiBiagini Properties, Inc.More Info
408-209-7781

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Mark BiaginiBiagini Properties, Inc.More Info
408-209-7781

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