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6.53% CAP 30K SF Multi-Tenant Industrial 2 Industrial Properties Offered at $11,900,000 in Santa Clara, CA
EXECUTIVE SUMMARY
- Rare 30,240 SF Multi-Tenant Industrial NNN Leased Investment Opportunity.
- 6.53% CAP Rate.
- Two Buildings Totaling 30,240 SF (20,160 SF & 10,080 SF).
- 95% Leased (25 of the 27 Units are Leased - 2 Vacant Units Both are 720 SF).
- 2 Vacant Units (720 SF & 720 SF) – Seller to Guarantee Rent for 6 Months @ $2.50 SF NNN.
- 27 Units Ranging from 720 SF – 2,880 SF with their Own Roll Up Doors.
- Located on Norman Avenue, Minutes from Montague Expressway, Lafayette Street, San Tomas Expressway, & Highway 101.
- New Roof on 1190 Norman in 2024 & New Roof on 1250 Norman in 2025.
- Rare Very Desirable Units Which are Very Easy to Release due to the Lack of Small Industrial Units on the Market for Lease, Under 3% Vacancy Rate in the Last 10 Years for Auto Repair.
- Mix of Automotive & Industrial Tenants Such as Auto Repair, Sign Company, Auto Detailing Companies, Car Wraps, and Warehouse Storage.
- Scarce Amount of Industrial/Auto Repair Product in Santa Clara County For Lease.
- 6.53% CAP Rate.
- Two Buildings Totaling 30,240 SF (20,160 SF & 10,080 SF).
- 95% Leased (25 of the 27 Units are Leased - 2 Vacant Units Both are 720 SF).
- 2 Vacant Units (720 SF & 720 SF) – Seller to Guarantee Rent for 6 Months @ $2.50 SF NNN.
- 27 Units Ranging from 720 SF – 2,880 SF with their Own Roll Up Doors.
- Located on Norman Avenue, Minutes from Montague Expressway, Lafayette Street, San Tomas Expressway, & Highway 101.
- New Roof on 1190 Norman in 2024 & New Roof on 1250 Norman in 2025.
- Rare Very Desirable Units Which are Very Easy to Release due to the Lack of Small Industrial Units on the Market for Lease, Under 3% Vacancy Rate in the Last 10 Years for Auto Repair.
- Mix of Automotive & Industrial Tenants Such as Auto Repair, Sign Company, Auto Detailing Companies, Car Wraps, and Warehouse Storage.
- Scarce Amount of Industrial/Auto Repair Product in Santa Clara County For Lease.
PROPERTY FACTS
| Price | $11,900,000 | Number of Properties | 2 |
| Price / SF | $393.52 / SF | Individually For Sale | 2 |
| Cap Rate | 6.53% | Total Building Size | 30,240 SF |
| Sale Type | Investment | Total Land Area | 1.53 AC |
| Status | Under Contract |
| Price | $11,900,000 |
| Price / SF | $393.52 / SF |
| Cap Rate | 6.53% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 30,240 SF |
| Total Land Area | 1.53 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1190 Norman Ave, Santa Clara, CA 95054 | Industrial | 20,160 SF | 1969 | $7,950,000 |
| 1250 Norman Ave, Santa Clara, CA 95054 | Industrial | 10,080 SF | 1969 | $3,950,000 |
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6.53% CAP 30K SF Multi-Tenant Industrial
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