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RARE 20,160 SF INDUSTRIAL INVESTMENT 1190 Norman Ave 20,160 SF 96% Leased Industrial Building Santa Clara, CA 95054 $7,950,000 ($394.35/SF) 6.71% Cap Rate
Investment Highlights
- 20,160 SF Multi-Tenant Industrial NNN Leased Investment
- 2 Vacant Units (720 SF & 720 SF) – Seller to Guarantee Rent for 6 Months @ $2.50 SF NNN
- Very Desirable Units Which are Very Easy to Release due to the Lack of Small Industrial Units on the Market for Lease
- 20 Units Ranging from 720 SF – 2,880 SF with their Own Roll Up Doors
- Located on Norman Avenue, Minutes from Montague Expressway, Lafayette Street, San Tomas Expressway, & Highway 101
Executive Summary
- Rare 20,160 SF Multi-Tenant Industrial NNN Leased Investment Opportunity
- 20,160 SF Multi-Tenant Industrial Building on a 1.04 Acre Lot
- 20 Units Ranging from 720 SF – 2,880 SF with their Own Roll Up Doors.
- 2 Vacant Units (720 SF & 720 SF) – Seller to Guarantee Rent for 6 Months @ $2.50 SF NNN
- Located on Norman Avenue, Minutes from Montague Expressway, Lafayette Street, San Tomas Expressway, & Highway 101.
- New Roof in 2024
- Rare Very Desirable Units Which are Very Easy to Release due to the Lack of Small Industrial Units on the Market for Lease, Under 3% Vacancy Rate in the Last 10 Years for Auto Repair.
- Mix of Automotive & Industrial Tenants Such as Auto Repair, Sign Company, Auto Detailing Companies, Car Wraps, and Warehouse Storage.
- Scarce Amount of Industrial/Auto Repair Product in Santa Clara County For Lease.
- 20,160 SF Multi-Tenant Industrial Building on a 1.04 Acre Lot
- 20 Units Ranging from 720 SF – 2,880 SF with their Own Roll Up Doors.
- 2 Vacant Units (720 SF & 720 SF) – Seller to Guarantee Rent for 6 Months @ $2.50 SF NNN
- Located on Norman Avenue, Minutes from Montague Expressway, Lafayette Street, San Tomas Expressway, & Highway 101.
- New Roof in 2024
- Rare Very Desirable Units Which are Very Easy to Release due to the Lack of Small Industrial Units on the Market for Lease, Under 3% Vacancy Rate in the Last 10 Years for Auto Repair.
- Mix of Automotive & Industrial Tenants Such as Auto Repair, Sign Company, Auto Detailing Companies, Car Wraps, and Warehouse Storage.
- Scarce Amount of Industrial/Auto Repair Product in Santa Clara County For Lease.
Property Facts Under Contract
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
-Unit 1212-B is now available for lease. -720 SF
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 1212-B | 720 SF | Industrial | Partial Build-Out | Now |
1st Fl - 1212-B
| Size |
| 720 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl - 1212-B
| Size | 720 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
-Unit 1212-B is now available for lease. -720 SF
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Property Taxes
| Parcel Number | 104-14-110 | Improvements Assessment | $1,321,308 |
| Land Assessment | $4,733,820 | Total Assessment | $6,055,128 |
Property Taxes
Parcel Number
104-14-110
Land Assessment
$4,733,820
Improvements Assessment
$1,321,308
Total Assessment
$6,055,128
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RARE 20,160 SF INDUSTRIAL INVESTMENT | 1190 Norman Ave
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