691 S Milpitas Boulevard offers a rare opportunity to acquire a well-leased, multi-tenant office and R&D property in the heart of Silicon Valley. Spanning approximately 106,676 rentable square feet, the asset is currently 86% occupied, providing immediate, stable cash flow with limited near-term vacancy risk. The property is positioned within one of the region’s most supply-constrained and employment-driven submarkets, ensuring long-term value preservation and income durability. The building supports a phased occupancy model, allowing an owner-user to benefit from a diversified income stream while planning future expansion. Recent upgrades, including new HVAC systems, fresh paint, carpet, and tenant improvements, enhance operational efficiency and tenant appeal. Additionally, the property features rooftop solar panels, reducing operating expenses and supporting sustainability initiatives. Strategically located near the I-880/I-680/237 interchange, the site offers seamless connectivity to the broader Silicon Valley and East Bay markets. Surrounded by a dense concentration of technology and hardware innovators, the property benefits from strong demand drivers and minimal new supply. This acquisition represents a compelling investment with both immediate income and long-term redevelopment potential.