3151 S White Rd 15,413 SF 92% Leased Office Building San Jose, CA 95148 $8,700,000 ($564.46/SF) 6.04% Cap Rate

Evergreen Plaza Professional Center is a ±15,413 SF multi-tenant dental and medical office building located in San Jose’s highly desirable Evergreen neighborhood. The property is 92% leased to a diverse mix of established dental practices, providing stable, recession-resistant income with long-term leases, scheduled rent increases, and strong expense-recovery structures.
Situated on a 1.25-acre parcel with excellent frontage along South White Road, the building offers high visibility, ample surface parking, and easy access to US-101 and Capitol Expressway. The Evergreen submarket is known for strong demographics, dense population, and consistent healthcare demand—ideal conditions for medical/dental tenancy.
A single ±1,308 SF vacancy provides immediate lease-up upside, while the large site and flexible configuration present future expansion or redevelopment potential.
Key Highlights:
* 92% leased to seven established dental practices
* Durable dental tenancy with minimal rollover and rent growth baked in
* 15,413 RSF on a 54,450 SF (1.25-acre) lot
* Strong expense reimbursements and reliable annual cash flow
* Prime Evergreen location with high household incomes and a deep patient base
Value-add upside through lease-up and potential long-term redevelopment. A rare opportunity to acquire a stable, healthcare-anchored asset in one of the strongest residential neighborhoods in San Jose.