1096 Blossom Hill Road, San Jose, CA 95123; Office Building for sale; B-1 in santa Clara county
1096 Blossom Hill Road, San Jose, CA 95123; Office Building for sale; B-1 in santa Clara county
Property Details | |
---|---|
Price |
$8,250,000
|
Building Size |
13,527 SF
|
Lot Size |
0.96 AC
|
Price/SF |
$609.89 /SF
|
Property Type |
Office
|
Property Sub-type |
Office Building
|
Property Use Type |
Investment
|
Commission Split |
2.50%
|
Cap Rate |
3.85%
|
Occupancy |
100%
|
No. Stories |
2
|
Building Class |
A
|
Tenancy |
Multiple
|
Year Built |
1991
|
Parking Ratio |
4 / 1,000 SF
|
Status |
Active
|
Property Description
This landmark property has a hard corner location at one of the most traveled intersections in Santa Clara County. 100% leased, this highly sought-after property is located at the gateway to Almaden Valley, one of the most desirable communities in San Jose. New construction and major renovation projects have been very active in the immediate area over the past few years with little room for future development projects. Built in 1991, this property boasts 13,527 rentable square feet situated on a 41,818 square foot lot. Individually metered, elevator serviced and well maintained with lush landscaping. Newer exterior paint, and recently resurfaced parking lot. A total replacement of the HVAC system was completed in 2012. The roof is well maintained and in excellent condition. Roof type is a Cap Sheet System with an Acrylic Fluid Applied Overlay. Zoned Commercial General (CG). Parking ratio is 4/1,000. Three national, creditworthy tenants occupy the property. Citibank, Coldwell Banker and Old Republic Title Company.