652-670 E Santa Clara St - Medical FOR SALE


San Jose, CA 95112- Naglee Park
$3,495,000 USD
650-425-6418
652-670 E Santa Clara St, San Jose, CA for Sale
$3,495,000 USD
Medical - FOR SALE
1/79
null | 5.64% Cap Rate

652-670 E Santa Clara St
San Jose, CA 95112
Naglee Park


HIGHLIGHTS

  • Excellent leased investment opportunity
  • Attractive facade
  • Well maintained building
  • Excellent 1031 Exchange Opportunity

OVERVIEW

Avison Young is pleased to present this quality mixed-use office and residential facility with an unparalleled location in San Jose’s Central Business District (CBD) at 652-670 E Santa Clara Street. This well maintained building offers five medical office suites and two residential units for a total of 6,825 square feet. The site’s general commercial zoning also facilitates a variety of office or retail uses. 652-670 E Santa Clara Street provides an income-producing investment with top-quality features. Delivered approximately 90% occupied by a diverse tenant mix, the building is home to a dental practice, skin doctor, a laser skin care studio, and a medical services business. The dental suite boasts upscale fixtures across a large reception room, a private office, a large lab/ sterilization room, and four operatories, including two that are fully operational. The building is defined by its attractive Spanish-influenced exteriors, a four-car parking garage, and bright interiors with large windows. 652-670 E Santa Clara Street places businesses in a highly visible and easily accessible location just off the main commercial corridor of Downtown San Jose. More than 18,000 vehicles pass by the property each day, delivering robust brand exposure. The building is close to the 101, 280, 680, and 880 Freeways and the San Antonio Light Rail Station, providing convenient access for commuting employees or clients. The area provides national shopping and dining options nearby, including Whole Foods, Walgreens, Starbucks, Subway, Chipotle, 7-Eleven, and many more. An immense built-in customer base surrounds the property, driven by the nearby San Jose State University, with over 36,000 enrolled students and 3,500 staff, and a 5-mile population exceeding 266,000. The San Jose Regional Medical Center also sits just 10 minutes away, empowering synergistic healthcare businesses. Sitting just five minutes from the city center, employees and clients at 652-670 E Santa Clara Street have easy access to the area’s best-in-class shopping, dining, nightlife, and recreation across Downtown San Jose. Situated in the heart of Silicon Valley, Downtown San Jose is the city’s cultural core. The neighborhood comprises a slew of museums, theaters, bars, restaurants, and shops. Among the many attractions in Downtown San Jose are Tech Interactive, the San Jose Center for the Performing Arts, the San Jose Convention Center, and the Children’s Discovery Museum of San Jose.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$512 USD /SF

CAP RATE

5.64%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

90% Leased Investmen-Prime San Jose Location

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CG

APN/PARCEL ID

467-27-010

ASK ABOUT THIS PROPERTY

Lloyd BakanAvison YoungMore Info
650-425-6418

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Lloyd BakanAvison YoungMore Info
650-425-6418

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