930-940 Parker Ct - Apartments FOR SALE


Santa Clara, CA 95050- Outer Santa Clara
$3,500,000 USD
650-492-0934
930-940 Parker Ct, Santa Clara, CA for Sale
$3,500,000 USD
Apartments - FOR SALE
1/2
null | 4.82% Cap Rate

930-940 Parker Ct
Santa Clara, CA 95050
Outer Santa Clara


HIGHLIGHTS

  • Seller Financing Available - The subject property offers qualified investors an attractive seller financing option.
  • Incredible Santa Clara Investment Opportunity - Investors have the opportunity to acquire a well-situated mixed-use asset located in the heart of Sili
  • Convenient Tenant Amenities - The subject property offers it's tenants convenient amenities such as on-site laundry, and private covered parking.
  • Prime Santa Clara Location - The subject property is located within close proximity to Downtown San Jose (3.1mi), Santa Clara University (0.8mi), PayP
  • Convenient Access to Transportation Corridors - 930, 940, & 960-966 Parker Ct offers easy access to many transportation corridors including U.S. Route

OVERVIEW

930, 940, & 960-966 Parker Ct presents a unique opportunity to acquire a 14-unit mixed-use asset consisting of 10 multifamily units and 4 industrial warehouse units, located in the vibrant city of Santa Clara, California. Situated on a parcel of land totaling 26,880 square feet, the subject property was originally constructed in 1956 and features a gross building area of approximately 11,128* square feet, offering its tenants beautifully designed one-bedroom floor plans and spacious warehouse floorplans. The subject property also offers its tenants convenient amenities such as on-site laundry and private covered parking. Santa Clara is a major city in Silicon Valley and the eighth most populous city in the San Francisco Bay Area. Many of the largest technology companies have operations in and around Santa Clara, including Intel, Google, Apple, LinkedIn, Microsoft, and Yahoo. 930, 940, & 960-966 Parker Ct offers tenants convenient access to the rest of the Bay Area with its proximity to major transportation corridors, including U.S. Highway 101, California State Route 82, and Interstate 880, as well as several transit options provided by Caltrain and the Santa Clara Valley Transportation Agency (VTA). Additionally, the subject property is conveniently located within close proximity to Downtown San Jose (3.1 mi), Santa Clara University (0.8 mi), PayPal Park (1.6 mi), and Santana Row (3.1 mi). The investment appeal of this asset is driven by Santa Clara’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 930, 940, & 960-966 Parker Ct is an attractive choice for renters due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$543 USD /SF

# OF UNITS

10

PRICE/UNIT

$350,000

CAP RATE

4.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,025 SF

ZONING

ML

APN/PARCEL ID

224-05-061

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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Adam LevinLevin JohnstonMore Info
650-492-0934

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