2075 De La Cruz , Santa Clara , CA 95050; Office Building for sale; B-1 in santa Clara county
2075 De La Cruz , Santa Clara , CA 95050; Office Building for sale; B-1 in santa Clara county
| Property Details | |
|---|---|
| Price |
$2,800,000
|
| Building Size |
12,900 SF
|
| Lot Size |
0.62 AC
|
| Price/SF |
$217.05 /SF
|
| Property Type |
Office
|
| Property Sub-type |
Office Building
|
| Property Use Type |
Investment
|
| Commission Split |
3%
|
| Cap Rate |
6%
|
| Building Class |
B
|
| Tenancy |
Multiple
|
| Tax ID/APN |
230-47-098
|
| Status |
Active
|
Property Description
Just off the 101 frway. Priced is based on below market rent $1.45/SF and NOI $155,000. When the rent go to $2.50/sf monthly rental income will be $2.50 x12900 =$ 32250 OR $387000 minus expense $59k. NOI will be$333k.At 5-6 cap building will be worth up to 5-6 millions Approx in few years. Excluding Vacancy and management CAP is 6 %but return on investment is 8%.
Location Description
Property consists of 8 suites on 27000sf lot. Stand alone building sitting on main blvd just of the frway 101.Close to 880,280,287. Excellent business exposure.
