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521 Charcot Ave - Club Auto Sport-SV Condominium Assoc Inc 5,005 SF Industrial Condo Unit Offered at $1,944,800 in San Jose, CA 95131

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INVESTMENT HIGHLIGHTS

  • Auto Zoned (with certain restrictions)
  • Office, retail, auto, and light industrial uses
  • Dynamic business center with a variety of non-auto related businesses located within the unique facility
  • Safe and secure facility to store and enjoy your vintage and collectible cars (certain restrictions apply)

DATA ROOM Click Here to Access

PROPERTY FACTS

Total Building Size 96,500 SF
Property Type Flex (Condo)
Property Subtype
Showroom
  • Flex Research & Development
  • General Retail Auto Repair
  • Industrial Service
Building Class B
Floors 1
Typical Floor Size 1,590 SF
Year Built 2008
Lot Size 0.41 AC
Parking Ratio 0.8/1,000 SF
Zoning M1PD - PD light industrial, auto zoned

AMENITIES

  • 24 Hour Access
  • Fenced Lot
  • Air Conditioning

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

1 UNIT AVAILABLE

Unit 211

Unit Size 5,005 SF
Price $1,944,800
Price Per SF $388.57
Condo Use Industrial
Sale Type Investment
Cap Rate 6.40%
NOI $124,467.20
DESCRIPTION

Polished concrete floors, office/reception area, 4 single pole lifts built in, HVAC and sprinkler system in place.

SALE NOTES

Leased Investment Property
Strong Tenant, lease has been renewed for an additional 5 yr term, new LED 12/31/2030; annual base rent increases 4%.
Tenant pays own utilities, property taxes and Association dues for owner. Any increase in Association dues/property taxes are borne by Tenant.

CAS 211-259 interior space 1
CAS 211-259 interior space 2
View Photo CAS 211-259 interior space 1
View Photo CAS 211-259 interior space 2
  • Listing ID: 26099940

  • Date on Market: 7/6/2022

  • Last Updated:

  • Address: 521 Charcot Ave, San Jose, CA 95131

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