980 N 11th St 6,200 SF Industrial Building San Jose, CA 95112 $2,500,000 ($403.23/SF) 5.29% Cap Rate

This industrial property represents an exceptional leased investment opportunity in one of San Jose's most centrally located industrial submarkets. The property features an approximately ±6,200-square-foot industrial building situated on a ±0.49-acre parcel with a fully paved, fenced, and secured yard topped with razor wire.
What truly distinguishes this asset is its exceptionally low 29% building-to-land ratio, a highly desirable characteristic that is rarely available in the Silicon Valley industrial market. The expansive yard, combined with dual points of ingress and egress, provides outstanding circulation, trailer maneuverability, employee parking, and outdoor storage, making the property particularly well suited for contractors, service companies, and logistics-related users.
The building is further enhanced by a dock-high loading door, a feature that is extremely uncommon in industrial buildings under 15,000 square feet and significantly improves operational efficiency. Additional improvements include approximately 10% office build-out to accommodate administrative operations, a ±1,000-square-foot bonus mezzanine, and 400-amp, 220-volt, three-phase electrical service (to be verified by Buyer).
From an investment perspective, the property is leased to Applied Airfilters under a gross lease, providing investors with a stable and predictable income stream. The tenant executed a seven-year lease with an expiration in April 2030, leaving approximately four years of remaining lease term. At the asking price of $2,500,000, the property generates an estimated Net Operating Income (NOI) of approximately $132,146, offering an attractive combination of current cash flow and long-term appreciation potential.
Strategically located with immediate access to Highways 101 and Interstate 880, the property offers exceptional regional connectivity throughout Silicon Valley, reinforcing its long-term value as both an investment and future owner-user opportunity.