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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
- 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
Amenities
- 24 Hour Access
- Banking
- Signage
- Wheelchair Accessible
- Reception
- Monument Signage
- Air Conditioning
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
±1,792 SF second-generation education / office / service space formerly operated as an established Chinese language learning center. The space is well-suited for tutoring, after-school programs, language school, enrichment, therapy, wellness, medical office, professional services, or service-retail users. Located in a well-parked Milpitas office/medical/retail center with monument signage, private restroom, and convenient access near Landess Ave and Highway 680. Can be leased individually or combined with adjacent vacant ±4,048 SF former Montessori space for a larger ±5,840 SF opportunity.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 1231 | 1,792 SF | Retail | - | Now |
1st Fl-Ste 1231
| Size |
| 1,792 SF |
| Space Use |
| Retail |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 1231
| Size | 1,792 SF |
| Space Use | Retail |
| Build-Out | - |
| Available | Now |
±1,792 SF second-generation education / office / service space formerly operated as an established Chinese language learning center. The space is well-suited for tutoring, after-school programs, language school, enrichment, therapy, wellness, medical office, professional services, or service-retail users. Located in a well-parked Milpitas office/medical/retail center with monument signage, private restroom, and convenient access near Landess Ave and Highway 680. Can be leased individually or combined with adjacent vacant ±4,048 SF former Montessori space for a larger ±5,840 SF opportunity.
Property Taxes
| Parcel Number | 088-36-043 | Improvements Assessment | $1,428,452 |
| Land Assessment | $1,403,823 | Total Assessment | $2,832,275 |
Property Taxes
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RETAIL/MEDICAL 10K SF USER OPP. ALL NEW | 1205-1247 S Park Victoria Dr
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