2550 Walsh Ave ,Santa Clara, CA 95051 ; office buliding for sale; B-1 in Santa Clara County

investment information

For Sale Price:	For Sale	Sale Status:	Active	Days on Market:	304
Price/SF:	–	Sale Type:	Owner/User
Cap Rate:	–	Sale Conditions:	–

Parcel No:	216-28-113

Attachment:	Marketing Brochure/Flyer

investment notes

FOR LEASE OR SALE ±33,000 to 65,840 SF Available; Freestanding R&D/Office Building; Warm-shell ready for build-out; Newly renovated exterior

listing broker

Newmark Cornish & Carey

2804 Mission College Blvd
Suite 120
Santa Clara, CA 95054
(408) 727-9600

Jeff Arrillaga

Senior Vice President
(408) 982-8478 phone
(408) 988-6340 fax

building information

Bldg Type:	Office
Bldg Status:	Built 1982			Class:	B
% Leased:	75.9%	Tenancy:	Multiple Tenant	Rent/SF/yr:	$23.40
Total Avail:	15,890 SF	Elevators:	2 with 1 frt	RBA:	65,840 SF
Bldg Vacant:	15,890 SF	Core Factor:	–	Stories:	2
Typical Floor Size:	32,920 SF	Zoning:	ML	Owner Type:	Investment Manager
Const Type:	–	Owner Occupied:	No	Building FAR:	0.46
Land Area:	3.27 AC

Expenses:	2013 Tax @ $1.88/sf
Parking:	120 free Surface Spaces are available; Ratio of 3.60/1,000 SF
Amenities:	Signage
Elevator Banks:	1st-2nd(1)
Setbacks:	1st 28,028 sf; 2nd 33,058 sf

location information





Metro Market:	South Bay/San Jose
Submarket:	Santa Clara/Oakmead Park
County:	Santa Clara

For full Sales COMP information click on the Costar COMPS Logo.

sale contacts

Recorded Buyer:	2550 Walsh Holdings Vi Llc
True Buyer:	Lane Partners Scott Smithers 644 Menlo Ave, Suite 204 Menlo Park, CA 94025 (650) 838-0100 Walton Street Capital, L.L.C. Perry Pinto 900 N Michigan Ave, Suite 1900 Chicago, IL 60611 (312) 915-2800
Buyer Type:	Developer/Owner-RGNL Investment Manager

Recorded Seller:	Jjrc Associates
True Seller:	El Camino Center Jack Wheatley 3225 Ash St Palo Alto, CA 94306 (650) 856-0926
Seller Type:	Tenants In Common

Buyer Broker:

Newmark Cornish & Carey
Richard Spieker
Newmark Cornish & Carey
Erik Doyle

(650) 493-1100

Listing Broker:

Newmark Cornish & Carey
Richard Spieker
Newmark Cornish & Carey
Erik Doyle

(650) 493-1100

transaction details

Supporting Docs:	Deed (98K)

Sale Date:	10/18/2011	Sale Type:	Investment
Escrow Length:	–	Bldg Type:	Office
Sale Price:	$10,440,000 – Confirmed	Year Built/Age:	Built 1982 Age: 29
Asking Price:	–	RBA:	65,840 SF
Price/SF:	$158.57	Land Area:	3.27 AC (142,441 SF)
Price/AC Land Gross:	$3,192,661 ($73.29/SF)

Percent Leased:	100.0%

Actual Cap Rate:	7.13%



Sale Conditions:	–

Percent Improved:	56.2%
Total Value Assessed:	$7,396,640 in 2010
Improved Value Assessed:	$4,159,782
Land Value Assessed:	$3,236,858
Land Assessed/AC:	$989,864

income expense data

FY 2011
Income	Gross Scheduled Income
+ Other Income
– Vacancy Allowance

Effective Gross Income

Expenses	– Taxes	$88,537
– Operating Expenses

Total Expenses		$88,537

Net Income	Net Operating Income
– Debt Service
– Capital Expenditure

Cash Flow

research & sources

CoStar Research:

Jeanette Chatman
(800) 535-7886 phone
(202) 346-6370 fax

Last Updated:

5/14/2012

Publication Date:

11/1/2011

Verification Sources:

Doc Inspection
Buyer (or rep)

Public record for 2550 Walsh Ave (entire property, not individual unit).

sales & loan information

Owner:	2550 Walsh Holdings Vi Llc
Additional Owner:	–
Owner Address:	900 N Michigan Ave, Chicago, IL 60611
Owner Phone:	–
Previous Owner:	JJRC ASSOCIATES

2550 Walsh Ave - click for full-size image

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assessment & tax information

Tax Year:	2013	Assessed Year:	2013
Tax Amount:	$124,073	Total Value Assessed:	$10,648,800
Percent Improved:	46.0%	Impr Value Assessed:	$4,936,800
Tax Code Area:	07014	Land Value Assessed:	$5,712,000
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2013	Assessed Year:	2014
Tax Amount:	$124,073	Total Value Assessed:	$10,697,145
Percent Improved:	46.0%	Impr Value Assessed:	$4,959,213
Tax Code Area:	07014	Land Value Assessed:	$5,737,932
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2012	Assessed Year:	2012
Tax Amount:	$123,391	Total Value Assessed:	$10,440,000
Percent Improved:	46.0%	Impr Value Assessed:	$4,840,000
Tax Code Area:	07014	Land Value Assessed:	$5,600,000
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2010	Assessed Year:	2011
Tax Amount:	$85,941	Total Value Assessed:	$7,452,336
Percent Improved:	56.0%	Impr Value Assessed:	$4,191,105
Tax Code Area:	07014	Land Value Assessed:	$3,261,231
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2009	Assessed Year:	2009
Tax Amount:	$87,677	Total Value Assessed:	$7,414,213
Percent Improved:	56.0%	Impr Value Assessed:	$4,169,665
Tax Code Area:	07014	Land Value Assessed:	$3,244,548
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2009	Assessed Year:	2010
Tax Amount:	$87,677	Total Value Assessed:	$7,396,640
Percent Improved:	56.0%	Impr Value Assessed:	$4,159,782
Tax Code Area:	07014	Land Value Assessed:	$3,236,858
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2007	Assessed Year:	2008
Tax Amount:	$81,233	Total Value Assessed:	$7,268,837
Percent Improved:	56.0%	Impr Value Assessed:	$4,087,907
Tax Code Area:	07014	Land Value Assessed:	$3,180,930
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2006	Assessed Year:	2006
Tax Amount:	$83,422	Total Value Assessed:	$6,986,580
Percent Improved:	56.0%	Impr Value Assessed:	$3,929,169
Tax Code Area:	07014	Land Value Assessed:	$3,057,411
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2006	Assessed Year:	2007
Tax Amount:	$83,422	Total Value Assessed:	$7,126,311
Percent Improved:	56.0%	Impr Value Assessed:	$4,007,752
Tax Code Area:	07014	Land Value Assessed:	$3,118,559
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2005	Assessed Year:	2005
Tax Amount:	$76,256	Total Value Assessed:	$6,849,589
Percent Improved:	56.0%	Impr Value Assessed:	$3,852,127
Tax Code Area:	07014	Land Value Assessed:	$2,997,462
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2003	Assessed Year:	2003
Tax Amount:	$75,129	Total Value Assessed:	$6,715,285
Percent Improved:	56.0%	Impr Value Assessed:	$3,776,596
Tax Code Area:	07014	Land Value Assessed:	$2,938,689
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2002	Assessed Year:	2002
Tax Amount:	$73,523	Total Value Assessed:	$6,462,952	Total Value Calc:	$6,462,952
Percent Improved:	56.0%	Impr Value Assessed:	$3,634,687	Improved Value Calc:	$3,634,687
Tax Code Area:	07014	Land Value Assessed:	$2,828,265	Land Value Calc:	$2,828,265
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2001	Assessed Year:	2001
Tax Amount:	$71,678	Total Value Assessed:	$6,336,228	Total Value Calc:	$6,336,228
Percent Improved:	56.0%	Impr Value Assessed:	$3,563,419	Improved Value Calc:	$3,563,419
Tax Code Area:	07014	Land Value Assessed:	$2,772,809	Land Value Calc:	$2,772,809
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2000	Assessed Year:	2000
Tax Amount:	$68,176	Total Value Assessed:	$6,211,990	Total Value Calc:	$6,211,990
Percent Improved:	56.0%	Impr Value Assessed:	$3,493,549	Improved Value Calc:	$3,493,549
Tax Code Area:	07014	Land Value Assessed:	$2,718,441	Land Value Calc:	$2,718,441
		Land Assessed/AC:	–	Land Calc/AC:	–

property address

Property Address:	2550 Walsh Ave, Santa Clara, CA 95051
County:	Santa Clara

Parcel:	216-28-113	Zoning:	ML	Land Use:	R&D Facility
Alternate Parcel:	–	Census:	5052023093	State Use:	–
				County Use:	14

Township:	–	Section:	–
Range:	–	Quarter Section:	–

property information

Bldg Square Footage:	65,840	Buildings:	1	1st Floor SF:	–
Stories:	2	Units:	7	Basement SF:	–
Year Built:	1981	Rooms:	–	Garage SF:	–
Effective Year Built:	1982	Baths:	–	Parking Type:	–
Construction Type:	Concrete	Roof Type:	Tile	Parking Spaces:	–

Flood Zone:	111512096 0	Acres:	3.27 AC	Lot Length:	–
				Lot Width:	–

Subdivision Plat Book:	–	Subdivision Plat Page:	–	Subdivision Track #:	–
Subdivision Name:	–
Legal Description:	LOT B