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Browse More Listings in Shopping Center For Sale, San Jose, CA or California

Shopping Center For Sale

Willow Retail & Locust Apartments

302 Willow Street, San Jose, CA 95110

Price:
$1,750,000
Gross Leasable Area:
4,820 SF
Price/SF:
$363.07
Property Type:
Shopping Center
Property Sub-type:
Strip Center
Additional Sub-types:
Garden/Low-Rise
Street Retail
Neighborhood Center
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
5.17%
Occupancy:
100%
No. Stories:
1
Tenancy:
Multiple
Year Built:
1954
Lot Size:
13,939 SF
Tax ID / APN #:
434-05-101 & 102
Find Out More...

Last Verified 10/23/2009 Listing ID 16393698

Highlights

Fully occupied retail & apartments
2 distinct parcels which may be sold separately in the future
Thriving commercial tenants with excellent rental payment histories

Retail : Updated electrical service and water line, newer roof
Apartments: new water heaters, new ovens & fridges, hardwood floors

Description

5 retail spaces plus billboard income strip center in the heart of retail for south downtown San Jose neighborhood. 4 unit apartment building contiguous parcel included in this package investment. All fully occupied with very low historical vacancy. Retail is very well maintained with solid tenants. Fourplex is also very well maintained by long term owner family.

Retail corridor at the main intersection of Willow Street and Almaden Boulevard in south downtown San Jose. Street frontage retail amidst a walking downtown neighborhood of retail shops.

Financial Summary

Major Tenant Information

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$130,920
Effective Gross Income
$130,920
Operating Expenses
$40,387
Net Operating Income
$90,533
Pre-Tax Cash Flow
$22,184

Map of 302 Willow Street, San Jose, CA 95110 (Santa Clara County)

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Presented by

Intero Commercial

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Contact Listing Broker

Mario Pinedo, CCIM (408) 342-3155

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Created 9/14/2009

Additional Information for 302 Willow Street, San Jose, CA 95110

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 302 Willow Street, San Jose, CA 95110

Nearby Shopping Center properties for saleSearch all commercial real estate for sale

Business Strip
$1,100,000
2,400 SF

Nearby Shopping Center properties for leaseSearch all commercial real estate for lease

Almaden-Alma Retail
Negotiable
955 - 2,791 SF
883-885 Delmas Ave
$1.50/SF/Month
4,250 SF

Nearby Recently Sold Shopping Center propertiesSearch all recently sold commercial real estate

Strip Center
Sold 1Q 2008
Strip Center
Sold 1Q 2005

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Tenant		Lease Expired
Princess Castle (302 & 304 Willow)
El Pique Taqueria
Sol Travel
La Bonita Flowers
Clear Channel Billboard

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Shopping Center Property For Sale - Willow Retail & Locust Apartments

302 Willow Street, San Jose, CA, 95110