- Rare 30,240 SF Multi-Tenant Industrial NNN Leased Investment Opportunity.
- 6.53% CAP Rate.
- Two Buildings Totaling 30,240 SF (20,160 SF & 10,080 SF).
- 95% Leased (25 of the 27 Units are Leased - 2 Vacant Units Both are 720 SF).
- 2 Vacant Units (720 SF & 720 SF) – Seller to Guarantee Rent for 6 Months @ $2.50 SF NNN.
- 27 Units Ranging from 720 SF – 2,880 SF with their Own Roll Up Doors.
- Located on Norman Avenue, Minutes from Montague Expressway, Lafayette Street, San Tomas Expressway, & Highway 101.
- New Roof on 1190 Norman in 2024 & New Roof on 1250 Norman in 2025.
- Rare Very Desirable Units Which are Very Easy to Release due to the Lack of Small Industrial Units on the Market for Lease, Under 3% Vacancy Rate in the Last 10 Years for Auto Repair.
- Mix of Automotive & Industrial Tenants Such as Auto Repair, Sign Company, Auto Detailing Companies, Car Wraps, and Warehouse Storage.
- Scarce Amount of Industrial/Auto Repair Product in Santa Clara County For Lease.