6.53% CAP 30K SF Multi-Tenant Industrial Industrial FOR SALE


Santa Clara, CA - Outer Santa Clara
$11,900,000 USD
408-966-5919
, Santa Clara, CA for Sale
$11,900,000 USD
Industrial - FOR SALE
1/19
null | 6.53% Cap Rate

6.53% CAP 30K SF Multi-Tenant Industrial
Santa Clara, CA
Outer Santa Clara


OVERVIEW

- 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.

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.