The subject property is a 11,480 square foot, two-story, mixed-use (retail/office) building positioned at 71-77 Washington Street, Santa Clara, CA.
The property is comprised of two ground floor retail suites, one formerly leased by Starbucks and the other to Daisy laundromat, and three second floor office suites, two leased to tenants on a modified gross expense basis and the third rented out on a short-term basis. The property possesses a corner location and backs up to a paved parking lot, which is shared by the neighboring retail buildings that are also part of its larger development, referred to as the Normandy Center.
The improvements are well-maintained, with contemporary fixtures and finish. The office interior was remodeled 2 years ago the roof was resurfaced 2 to 3 months ago.
Please note that there is a roofmounted cell tower leased to Dish Wireless LLC on an absolute net basis.