851 E Hamilton Ave
Campbell, CA 95008
Office Property For Sale

100% NNN Leased Investment: Leased to Fidelity Investments & Pacific Western Bank, two strong and profitable companies, which have a favorable staggered expiration pattern. Fidelity recently remodeled their First Floor space, and Pacific Western Bank plans to remodel their Second Floor space during their renewal term. Scarcity: 100% NNN Leased Investment transaction volume in Silicon Valley has been extremely limited relative to other Bay Area markets Extensive Renovations: 2007 Renovations: New roof, fully remodeled Second Floor interior space, and new HVAC units 2016-2017 Renovations: totaling nearly $130,000 apportioned to be interior common areas, exterior parking lot, exterior lighting, exterior landscaping, and exterior trash enclosure. Ideal 1031-Exchange Property: With recently renewed leases providing strong in-place cash flow and low management responsibilities, 851 E. Hamilton represents an incredible exchange property amongst a scarcity of NNN leased options in the Silicon Valley marketplace. Proximity to Transportation: The Property is positioned in the heart of the South Bay with superior access to Highways 17, 280, and 85. In addition, the Property is across the street from the elevated Hamilton VTA Rail Station. The Pruneyard - West Valley’s Major Amenity: The Property is within 0.5 miles from The Pruneyard, the major outdoor shopping center of Campbell. The Pruneyard is currently being revitalized after nearly 20 years with five new retail buildings, 100,000 square feet of office, and an additional 680 new parking spaces. These new additions will join the current 366,000 square feet of office space, 253,000 square feet of retail space, and the 170-room Double Tree Hotel by Hilton which is also undergoing a $2.5 million renovation. Retail tenants include, but are not limited to: Camera 7 Cinemas (renovating with a new bar and restaurant), Trader Joe’s (renovating and expanding 15%), Peet’s Coffee, Sports Basement, Chase Bank, Bank of America, Rock Bottom Brewery, Marshalls, Paxti’s Pizza, Cold Stone Creamery, Pacific Catch and Outback Steakhouse.