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Murphy Commercial Center 548-562 S Murphy Ave 10,046 SF 100% Leased Retail Building Sunnyvale, CA 94086 $5,200,000 ($517.62/SF) 5.70% Cap Rate
Investment Highlights
- Great Retail Location in Silicon Valley
- Professionally Managed Property with No Deferred Maintenance
- All Internet Resistant Service-Oriented Tenants
- Close to Downtown Sunnyvale (City Line, Uber, Whole Foods)
- Long Term, Well Established Locally Owned Tenants
- 100% Leased
Executive Summary
* Asking Price: $5,200,000
* Current Annual NNN Income: $295,584.
* 5.7% Cap Rate
* 100% Leased
* No Existing Financing – Buyer can structure new loan to best suit its needs.
* 10,046 SF – Total Building Gross Leasable Area
* 22,100 SF – Total Land SF (2 tax parcels)
* Fee Simple Title. Multi-Tenant NNN Leased Investment.
* Annual Rent Increases in All Leases (3-4% per year).
* Absolute triple net multi-tenant (7 spaces leased to 5 tenants) retail center with annual increases. (Tenants reimburse for taxes, insurance and common area fees, plus property management, PLUS 10% Admin fee, parking lot, roof and HVAC repairs & replacement).
* Roof surface replaced new 2007.
* Parking Lot resealed and restriped 2008.
* Current Annual NNN Income: $295,584.
* 5.7% Cap Rate
* 100% Leased
* No Existing Financing – Buyer can structure new loan to best suit its needs.
* 10,046 SF – Total Building Gross Leasable Area
* 22,100 SF – Total Land SF (2 tax parcels)
* Fee Simple Title. Multi-Tenant NNN Leased Investment.
* Annual Rent Increases in All Leases (3-4% per year).
* Absolute triple net multi-tenant (7 spaces leased to 5 tenants) retail center with annual increases. (Tenants reimburse for taxes, insurance and common area fees, plus property management, PLUS 10% Admin fee, parking lot, roof and HVAC repairs & replacement).
* Roof surface replaced new 2007.
* Parking Lot resealed and restriped 2008.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
10,046 SF
Building Class
C
Year Built
1977
Price
$5,200,000
Price Per SF
$517.62
Cap Rate
5.70%
NOI
$296,400
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.52 AC
Zoning
R20 - Zoning: Per City of Sunnyvale, recently changed to R2 (Low Medium Density Housing). Historical use has been retail commercial
Parking
8 Spaces (0.8 Spaces per 1,000 SF Leased)
Frontage
69’ on Murphy Ave
Amenities
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Beyond Veneer Salon
- Services
- -
- -
- Triple Net
- Jan 2030
- Coconut Hill Grocery
- Accommodation and Food Services
- -
- -
- Triple Net
- Nov 2029
- Daruma Dojo
- Arts, Entertainment, and Recreation
- -
- -
- Triple Net
- Sep 2027
- Dumpling Depot Restaurant
- Accommodation and Food Services
- -
- -
- -
- -
- Le Caprice
- Retailer
- -
- -
- Triple Net
- May 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Beyond Veneer Salon | Services | - | - | Triple Net | Jan 2030 | |
| Coconut Hill Grocery | Accommodation and Food Services | - | - | Triple Net | Nov 2029 | |
| Daruma Dojo | Arts, Entertainment, and Recreation | - | - | Triple Net | Sep 2027 | |
| Dumpling Depot Restaurant | Accommodation and Food Services | - | - | - | - | |
| Le Caprice | Retailer | - | - | Triple Net | May 2030 |
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (92)
Nearby Major Retailers
Property Taxes
| Parcel Number | 209-30-059 | Improvements Assessment | $96,309 |
| Land Assessment | $41,554 | Total Assessment | $137,863 |
Property Taxes
Parcel Number
209-30-059
Land Assessment
$41,554
Improvements Assessment
$96,309
Total Assessment
$137,863
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Murphy Commercial Center | 548-562 S Murphy Ave
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