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RETAIL/MEDICAL 10K SF USER OPP. ALL NEW 1205-1247 S Park Victoria Dr 10,093 SF Office Building Milpitas, CA 95035 $6,880,000 ($681.66/SF)
Investment Highlights
- 10,093 SF Multi-Tenant Office/Medical Office For Sale on S. Park Victoria Drive in Milpitas
- 6 Unit Building – 5 of the 6 Units are Leased, Former Montessori School (4,048 SF) is now Vacant, and the Adjacent 1,792 SF Unit is on a MTM Lease
- Large 32,627 SF Parcel of Land with 45 Parking Stalls, Including 1 Handicap Space (4.5/1,000)
- Rare Owner User Opportunity – 5,840 SF (58% of Building) Available For an Owner User to Occupy
- NNN Investment Opportunity: 6.16% CAP Rate at a Proforma Rent of $3.50 SF NNN. ($35,325.50/mo. $423,906/yr)
- Located on S Park Victoria Dr - 8 Parcels Away from the Corner of Landess Ave & S Park Victoria Dr with Easy Access to Hwy 680
Executive Summary
- 10,093 SF Multi-Tenant Office/Medical Office Strip Center For Sale on S. Park Victoria Drive in Milpitas.
- Rare Owner User Opportunity – 5,840 SF (58% of Building) Available For an Owner User to Occupy.
- 6 Unit Building – 5 of the 6 Units are Leased, Former Montessori School (4,048 SF) is now Vacant, and the Adjacent 1,792 SF Unit is on a Month-to-Month Lease Allowing for an Owner User to Occupy 58% of the Building.
- NNN Investment Opportunity: 6.16% CAP Rate at a Proforma Rent of $3.50 SF NNN. ($35,325.50/mo. $423,906/yr)
- Large 32,627 SF Parcel of Land with 45 Parking Stalls, Including 1 Handicap Space (4.5/1,000)
- Each Space is Separately Metered for Gas, Electricity, and HVAC (Except for 1207 & 1209 which Share a Common Meter & HVAC Unit).
- Large Monument Sign on S. Park Victoria Dr.
- Separate Restrooms in Each Unit.
- Absolute NNN Leases (Tenants Reimburse for Property Taxes, Insurance, Common Area Fees, Property Management, 10% Admin Fee, Parking Lot, Roof, and HVAC Repairs & Replacements).
- Zoning: CO – Commercial Office
- General Plan: NC – Neighborhood Commercial
- Located on S Park Victoria Dr - 8 Parcels Away from the Corner of Landess Ave & S Park Victoria Dr with Easy Access to Highway 680.
- Surrounded by a Mix of National Retailers & Professional Office Uses.
- Rare Owner User Opportunity – 5,840 SF (58% of Building) Available For an Owner User to Occupy.
- 6 Unit Building – 5 of the 6 Units are Leased, Former Montessori School (4,048 SF) is now Vacant, and the Adjacent 1,792 SF Unit is on a Month-to-Month Lease Allowing for an Owner User to Occupy 58% of the Building.
- NNN Investment Opportunity: 6.16% CAP Rate at a Proforma Rent of $3.50 SF NNN. ($35,325.50/mo. $423,906/yr)
- Large 32,627 SF Parcel of Land with 45 Parking Stalls, Including 1 Handicap Space (4.5/1,000)
- Each Space is Separately Metered for Gas, Electricity, and HVAC (Except for 1207 & 1209 which Share a Common Meter & HVAC Unit).
- Large Monument Sign on S. Park Victoria Dr.
- Separate Restrooms in Each Unit.
- Absolute NNN Leases (Tenants Reimburse for Property Taxes, Insurance, Common Area Fees, Property Management, 10% Admin Fee, Parking Lot, Roof, and HVAC Repairs & Replacements).
- Zoning: CO – Commercial Office
- General Plan: NC – Neighborhood Commercial
- Located on S Park Victoria Dr - 8 Parcels Away from the Corner of Landess Ave & S Park Victoria Dr with Easy Access to Highway 680.
- Surrounded by a Mix of National Retailers & Professional Office Uses.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
10,093 SF
Building Class
C
Year Built
1987
Price
$6,880,000
Price Per SF
$681.66
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,093 SF
Building FAR
0.31
Lot Size
0.75 AC
Zoning
CO - Commercial Office
Parking
45 Spaces (4.46 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Banking
- Signage
- Wheelchair Accessible
- Reception
- Monument Signage
- Air Conditioning
- Smoke Detector
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Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Number | 088-36-043 | Improvements Assessment | $1,428,452 |
| Land Assessment | $1,403,823 | Total Assessment | $2,832,275 |
Property Taxes
Parcel Number
088-36-043
Land Assessment
$1,403,823
Improvements Assessment
$1,428,452
Total Assessment
$2,832,275
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RETAIL/MEDICAL 10K SF USER OPP. ALL NEW | 1205-1247 S Park Victoria Dr
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