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24Hour Fitness 1610 Crane Ct 77,300 SF 100% Leased Retail Building San Jose, CA 95112 $30,000,000 ($388.10/SF) 6.40% Cap Rate
Investment Highlights
- NNN lease structure providing investors with predictable, low-maintenance cash flow through January 2029.
- Sizeable 5.65-acre parcel prime for future redevelopment of R&D, manufacturing and hospitality uses.
- Ideal opportunity for owner-users in the health and wellness industry to utilize the existing infrastructure.
- Immediate access to US-101 and I-880, is less than 10 minutes from San Jose International Airport.
Executive Summary
1610 Crane Court is 100% leased to 24 Hour Fitness under a NNN lease through January 2029, providing stable, long-term income from a nationally recognized tenant. The property is well-equipped with 3,000 amps of power, high ceilings, and plentiful parking, offering exceptional capacity for a wide range of future uses, including office, R&D, or advanced industrial applications.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
77,300 SF
Building Class
B
Year Built/Renovated
1980/2009
Price
$30,000,000
Price Per SF
$388.10
Cap Rate
6.40%
NOI
$1,920,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.31
Lot Size
5.65 AC
Zoning
TEC - The Transit Employment Center (TEC) zoning designation supports intensive industrial park and complementary commercial uses.
Parking
469 Spaces (6.07 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 30,000-77,300 SF
- Retail
- -
- 120 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 30,000-77,300 SF | Retail | - | 120 Days |
1st Floor
| Size |
| 30,000-77,300 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 120 Days |
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 237-16-069 | Improvements Assessment | $17,401,823 |
| Land Assessment | $14,560,710 | Total Assessment | $31,962,533 |
Property Taxes
Parcel Number
237-16-069
Land Assessment
$14,560,710
Improvements Assessment
$17,401,823
Total Assessment
$31,962,533
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24Hour Fitness | 1610 Crane Ct
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