35 S Market Street, San Jose, CA 95113; Office Building for sale; B-1 in santa Clara county

Office Property For Sale

Price:

$9,000,000

Building Size:

23,973 SF

Price/SF:

$375.42

Property Type:

Office

Property Sub-type:

Office Building

Property Use Type:

Investment

Commission Split:

3%

Building Class:

B

Tenancy:

Multiple

Year Built:

1889

Lot Size:

0.34 AC

Description

35 S Market Street includes a two story 23,973 sq. ft. building on a .34 acre parcel and is 100% occupied. Basement area of 3,080 sq. ft. is not included in building square footage and fetches $.50 per sq. ft. from first floor tenant. There are 2 units currently rented as office use on first floor and second floor and have Central HVAC. 35 S Market Street benefits from strong proximity to Downtown San Jose’s main intersection of Santa Clara Street and Market Street. Adjacent to subject is a 285-unit high rise apartment development that is currently under construction.

Subject property is located along South Market Street and within the San Jose sub-market. The area is one of the more stable rental markets in the region. Local residents are within a short distance to retail shops, schools, professional offices and public transportation. 35 S Market Street offers convenient access to Highway 87 and Highway 280. Adjacent to subject property is a 285 unit high rise apartment complex currently under construction.