This Office Property is Off-Market.

2150 North First Street
San Jose, CA 95110 ·

120,000 SF · Office For Sale

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First Franklin Plaza

Price N/A Cap Rate 7.70%
Building Size 120,000 SF Building Class A
Property Type Office Tenancy Multiple
Property Sub-type Office Building Year Built 1985
Property Use Type Investment
Listing ID: 14426971 Date Created: 12/05/2005 Last Updated: 01/05/2006

Description

Six-story, granite-clad class A office building. 92% leased to credit tenants First Franklin Corp and Sprint Nextel. First Franklin lease runs through 8/2009 with annual increases in rent. Priced well below replacement cost.

Prestigious North First Street Corridor in San Jose, in the heart of Silicon Valley. Across the street from 500k EBay campus, 250k BEA campus. Numerous major hi tech corporate headquarters nearby, including Cisco, Altera, Sun and Atmel. Only one mile from San Jose international Airport.

Highlights

  • 92% leased to credit tenants
  • Class A, high-image office building
  • Outstanding location in the heart of Silicon Valley
  • Steady income provided by credit leases
  • Numerous technology stalwarts nearby

Research

2150 North First Street, San Jose, CA 95110 (Santa Clara County)

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