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71 Washington St 11,480 SF 100% Leased Retail Building Santa Clara, CA 95050 $3,900,000 ($339.72/SF)
Investment Highlights
- Mixed Use Retail and Office Building For Sale.
- Ideal for Investor, Owner/User Developer.
Executive Summary
The subject property is a 11,480 square foot, two-story, mixed-use (retail/office) building positioned at 71-77 Washington Street, Santa Clara, CA.
The property is comprised of two ground floor retail suites, one formerly leased by Starbucks and the other to Daisy laundromat, and three second floor office suites, two leased to tenants on a modified gross expense basis and the third rented out on a short-term basis. The property possesses a corner location and backs up to a paved parking lot, which is shared by the neighboring retail buildings that are also part of its larger development, referred to as the Normandy Center.
The improvements are well-maintained, with contemporary fixtures and finish. The office interior was remodeled 2 years ago the roof was resurfaced 2 to 3 months ago.
Please note that there is a roofmounted cell tower leased to Dish Wireless LLC on an absolute net basis.
The property is comprised of two ground floor retail suites, one formerly leased by Starbucks and the other to Daisy laundromat, and three second floor office suites, two leased to tenants on a modified gross expense basis and the third rented out on a short-term basis. The property possesses a corner location and backs up to a paved parking lot, which is shared by the neighboring retail buildings that are also part of its larger development, referred to as the Normandy Center.
The improvements are well-maintained, with contemporary fixtures and finish. The office interior was remodeled 2 years ago the roof was resurfaced 2 to 3 months ago.
Please note that there is a roofmounted cell tower leased to Dish Wireless LLC on an absolute net basis.
Property Facts In Escrow
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,480 SF
Building Class
B
Year Built
1985
Price
$3,900,000
Price Per SF
$339.72
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.15
Lot Size
0.23 AC
Zoning
CN, Santa Clara
Frontage
Amenities
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 269-51-072 | Improvements Assessment | $1,850,844 |
| Land Assessment | $1,754,697 | Total Assessment | $3,605,541 |
Property Taxes
Parcel Number
269-51-072
Land Assessment
$1,754,697
Improvements Assessment
$1,850,844
Total Assessment
$3,605,541
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71 Washington St
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