2075 De La Cruz Blvd,Santa Clara, CA 95050; office building for sale; B-1 in Santa Clara county

investment information

For Sale Price:	$2,700,000	Sale Status:	Active	Days on Market:	204
Price/SF:	$209.30	Sale Type:	Investment
Cap Rate:	6.39%	Sale Conditions:	–

Parcel No:	230-47-098

investment notes

NOI ( Net Operating income) $ 172705 based on ave $1.54/sf which is below market rent.The current market rent in santa Clara is up to $1.95/sf. Based on of my tenant rent and market rent income should be 1.95 x 12900=$301860/ year expenses 40k based tenant pay electric, NOI will be $260k and cap rate will be 13.6.The building will be worth 3.7 mil at CAP 7 and at 5 cap it should be worth 5 millions. Viewing available M-F at 6 PM, Sat/Sun 11 Am.
Building location is excellent in the heart of silicon Valley close to freeways, san jose air port, Cal train. Its two story building with total of 8 suites, on a 27000 Sq.Ft lot with 4 parking per thousand as required by city. Most tenant are in building from there last 6-7 years

income expense data

FY 2014
Income	Gross Scheduled Income
+ Other Income
– Vacancy Allowance

Effective Gross Income

Expenses	– Taxes
– Operating Expenses

Total Expenses

Net Income	Net Operating Income	$165,000
– Debt Service
– Capital Expenditure

Cash Flow		$165,000

listing broker

Saks Real Estate

1375 Civic Center Dr
Suite 21
Santa Clara, CA 95050
(408) 234-5555

Jaffrey Sakhawat

(408) 234-5555 phone

building information

Bldg Type:	Office
Bldg Status:	Built 1971			Class:	C
% Leased:	100.0%	Tenancy:	Multiple Tenant	Rent/SF/yr:	For Sale Only
Total Avail:	0 SF	Elevators:	–	RBA:	12,900 SF
Bldg Vacant:	0 SF	Core Factor:	5.0%	Stories:	2
Typical Floor Size:	6,450 SF	Zoning:	ML, Santa Clara	Owner Type:	Developer/Owner-RGNL
Const Type:	Wood Frame	Owner Occupied:	No	Building FAR:	0.47
Land Area:	0.63 AC

Expenses:	2012 Tax @ $1.55/sf, 2013 Est Tax @ $1.65/sf; 2012 Ops @ $2.69/sf, 2013 Est Ops @ $2.69/sf
Parking:	54 free Surface Spaces are available; Ratio of 4.04/1,000 SF
Amenities:	Air Conditioning, Bus Line, Signage

location information





Metro Market:	South Bay/San Jose
Submarket:	Santa Clara/Scott Blvd Corridor
County:	Santa Clara


Map(Page):	Thomas Bros. Guide 833-F2

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

sales summary

Previous Sales:

Sold for $1,425,000 ($110.47/SF) on 5/13/1998
Sold on 12/3/2001 Non-Arms Length
Sold for $1,600,000 ($124.03/SF) on 8/4/2004

sale contacts

Recorded Buyer:	Sakhawat Jaffery
True Buyer:	Sakhawat Jaffery 1701 Warburton Ave, Unit 9 Santa Clara, CA 95050 (408) 241-1098
Buyer Type:	Individual

Recorded Seller:	Kathleen Ballin, Tr. Santa Clara, CA 95051 (408) 247-7002

True Seller:	–

Buyer Broker:

Grubb & Ellis
Roxana Baker

(408) 282-8505

Listing Broker:

Grubb & Ellis
Roxana Baker

(408) 282-8505

transaction details


Sale Date:	8/4/2004	Sale Type:	Owner/User
Escrow Length:	–	Bldg Type:	Office
Sale Price:	$1,600,000 – Confirmed	Year Built/Age:	Built 1971 Age: 33
Asking Price:	–	RBA:	12,900 SF
Price/SF:	$124.03	Land Area:	0.63 AC (27,443 SF)
Price/AC Land Gross:	$2,539,683 ($58.30/SF)

Percent Leased:	100.0%

Actual Cap Rate:	–


Transfer Tax:	$1,760
Sale Conditions:	–

Percent Improved:	61.4%
Total Value Assessed:	$1,571,042 in 2003
Improved Value Assessed:	$964,676
Land Value Assessed:	$606,366
Land Assessed/AC:	$962,485

Financing:

Down payment of $320,000 (20.0%)
$1,120,000 from Blackburne & Brown Mortgage: due in 15 yrs
$160,000 from Saratoga Bancorp

research & sources

CoStar Research:

Ryan Munneke
(877) 603-9462 phone
(800) 481-2667 fax

Last Updated:

8/30/2004

Publication Date:

8/30/2004

sales & loan information

Owner:	Jaffery Sakhawat
Additional Owner:	–
Owner Address:	2075 De La Cruz Blvd, Santa Clara, CA 95050
Owner Phone:	–
Previous Owner:	BALLIN KATHLEEN TRUST

2075 De La Cruz Blvd - click for full-size image

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assessment & tax information

Tax Year:	2013	Assessed Year:	2013
Tax Amount:	$21,331	Total Value Assessed:	$1,811,117
Percent Improved:	48.0%	Impr Value Assessed:	$877,260
Tax Code Area:	07000	Land Value Assessed:	$933,857
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2013	Assessed Year:	2014
Tax Amount:	$21,331	Total Value Assessed:	$1,819,338
Percent Improved:	48.0%	Impr Value Assessed:	$881,242
Tax Code Area:	07000	Land Value Assessed:	$938,096
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2012	Assessed Year:	2012
Tax Amount:	$21,226	Total Value Assessed:	$1,775,606
Percent Improved:	48.0%	Impr Value Assessed:	$860,059
Tax Code Area:	07000	Land Value Assessed:	$915,547
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2010	Assessed Year:	2011
Tax Amount:	$20,052	Total Value Assessed:	$1,740,792
Percent Improved:	48.0%	Impr Value Assessed:	$843,196
Tax Code Area:	07000	Land Value Assessed:	$897,596
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2009	Assessed Year:	2009
Tax Amount:	$20,460	Total Value Assessed:	$1,731,889
Percent Improved:	48.0%	Impr Value Assessed:	$838,884
Tax Code Area:	07000	Land Value Assessed:	$893,005
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2009	Assessed Year:	2010
Tax Amount:	$20,460	Total Value Assessed:	$1,727,783
Percent Improved:	48.0%	Impr Value Assessed:	$836,895
Tax Code Area:	07000	Land Value Assessed:	$890,888
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2007	Assessed Year:	2008
Tax Amount:	$18,963	Total Value Assessed:	$1,697,932
Percent Improved:	48.0%	Impr Value Assessed:	$822,436
Tax Code Area:	07000	Land Value Assessed:	$875,496
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2006	Assessed Year:	2006
Tax Amount:	$19,473	Total Value Assessed:	$1,632,000
Percent Improved:	48.0%	Impr Value Assessed:	$790,500
Tax Code Area:	07000	Land Value Assessed:	$841,500
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2006	Assessed Year:	2007
Tax Amount:	$19,473	Total Value Assessed:	$1,664,640
Percent Improved:	48.0%	Impr Value Assessed:	$806,310
Tax Code Area:	07000	Land Value Assessed:	$858,330
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2005	Assessed Year:	2005
Tax Amount:	$18,147	Total Value Assessed:	$1,600,000
Percent Improved:	48.0%	Impr Value Assessed:	$775,000
Tax Code Area:	07000	Land Value Assessed:	$825,000
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2003	Assessed Year:	2003
Tax Amount:	$17,852	Total Value Assessed:	$1,600,372
Percent Improved:	61.0%	Impr Value Assessed:	$982,686
Tax Code Area:	07000	Land Value Assessed:	$617,686
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2002	Assessed Year:	2002
Tax Amount:	$17,473	Total Value Assessed:	$1,540,238	Total Value Calc:	$1,540,238
Percent Improved:	61.0%	Impr Value Assessed:	$945,761	Improved Value Calc:	$945,761
Tax Code Area:	07000	Land Value Assessed:	$594,477	Land Value Calc:	$594,477
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2001	Assessed Year:	2001
Tax Amount:	$17,039	Total Value Assessed:	$1,510,038	Total Value Calc:	$1,510,038
Percent Improved:	61.0%	Impr Value Assessed:	$927,217	Improved Value Calc:	$927,217
Tax Code Area:	07000	Land Value Assessed:	$582,821	Land Value Calc:	$582,821
		Land Assessed/AC:	–	Land Calc/AC:	–



Tax Year:	2000	Assessed Year:	2000
Tax Amount:	$16,251	Total Value Assessed:	$1,480,431	Total Value Calc:	$1,480,431
Percent Improved:	61.0%	Impr Value Assessed:	$909,037	Improved Value Calc:	$909,037
Tax Code Area:	07000	Land Value Assessed:	$571,394	Land Value Calc:	$571,394
		Land Assessed/AC:	–	Land Calc/AC:	–

property address

Property Address:	2075 De La Cruz Blvd, Santa Clara, CA 95050
County:	Santa Clara

Parcel:	230-47-098	Zoning:	ML	Land Use:	Office Building
Alternate Parcel:	–	Census:	5052023181	State Use:	–
				County Use:	59

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

property information

Bldg Square Footage:	12,400	Buildings:	1	1st Floor SF:	–
Stories:	2	Units:	12	Basement SF:	–
Year Built:	1971	Rooms:	–	Garage SF:	–
Effective Year Built:	1971	Baths:	–	Parking Type:	–
Construction Type:	Wood	Roof Type:	Tar & Gravel	Parking Spaces:	–

Flood Zone:	48425149 0	Acres:	0.63 AC	Lot Length:	250
				Lot Width:	110

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