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550-576 Sycamore Dr 40,455 SF 100% Leased Flex Building Milpitas, CA 95035 $12,750,000 ($315.16/SF)
Executive Summary
550-576 Sycamore Drive is a 40,455 Square Foot Freestanding Flex/Manufacturing building strategically located in the Milpitas submarket of Santa Clara County. The property is 100% leased to two tenants with proven and growing businesses. This offering provides investors the opportunity to acquire a stable, cash flow stream in the heart of Silicon Valley.
Property Facts
| Price | $12,750,000 | Rentable Building Area | 40,455 SF |
| Price Per SF | $315.16 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1982 |
| Property Type | Flex | Parking Ratio | 4/1,000 SF |
| Property Subtype | Flex Research & Development | Clear Ceiling Height | 16’ |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 2.71 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | MPS, Milpitas - The MP (Industrial Park) District is intended to accommodate a limited group of research, professional, packaging and distribution facilities. | ||
| Price | $12,750,000 |
| Price Per SF | $315.16 |
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | C |
| Lot Size | 2.71 AC |
| Rentable Building Area | 40,455 SF |
| No. Stories | 1 |
| Year Built | 1982 |
| Parking Ratio | 4/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | MPS, Milpitas - The MP (Industrial Park) District is intended to accommodate a limited group of research, professional, packaging and distribution facilities. |
Amenities
- Signage
- Monument Signage
- Air Conditioning
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 083-31-008 | Improvements Assessment | $2,145,297 |
| Land Assessment | $4,351,894 | Total Assessment | $6,497,191 |
Property Taxes
Parcel Number
083-31-008
Land Assessment
$4,351,894
Improvements Assessment
$2,145,297
Total Assessment
$6,497,191
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550-576 Sycamore Dr