Historical Office Sale Listing - First Franklin Plaza

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First Franklin Plaza

2150 North First Street, San Jose, CA 95110

N/A

120,000 SF | Office

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South Entrance - 2150 North First Street

Office Property - Off Market

Price:
N/A
Building Size:
120,000 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Cap Rate:
7.70%
Building Class:
A
Tenancy:
Multiple
Year Built:
1985
Listing ID
14426971
Last Updated
over 1 year ago

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

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.

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

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Created 12/5/2005