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200 Jose Figueres Ave 1,356 SF Office/Medical Condo Unit Offered at $865,400 in San Jose, CA 95116
Property Facts Under Contract
1 Unit Available
Unit 280
| Unit Size | 1,356 SF | Sale Status | Under Contract |
| Price | $865,400 | Cap Rate | 7.00% |
| Price Per SF | $638.20 | NOI | $60,576 |
| Condo Use | Office/Medical | Sale Conditions | 1031 Exchange |
| Sale Type | Investment | APN/Parcel ID | 481-80-016 |
| Unit Size | 1,356 SF |
| Price | $865,400 |
| Price Per SF | $638.20 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 7.00% |
| NOI | $60,576 |
| Sale Conditions | 1031 Exchange |
| APN/Parcel ID | 481-80-016 |
Description
- Leased Medical Office Condo Investment
- One of the few Audiology clinics in the region offering: Audiology Evaluations and Hearing Aids based on insurance contracts and medical community referrals, Hearing Aid Programming, Fitting and
Customization, and Ongoing Care, Maintenance and Cleanings
- Excellent in-place income and 5% ANNUAL increases
- 11 Years Remaining on NNN lease: 5 years in primary term + 6-year option
- Tenant responsible for ALL expenses and maintenance (other than HOA responsibilities, which the tenant also pays the fees for)
- 7% current cap rate, 11.40% cap rate in the final year of the option
- Excellent location for Medical Office
- Next to Regional Medical Center
- Surrounded by other medical offices
Easy Access to 680, 101, and downtown San Jose
1 1
Walk Score®
Very Walkable (71)
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200 Jose Figueres Ave
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