150 W Iowa Ave Sunnyvale, CA 94086; Office Building For Sale; in Santa Clara County; 27/51

investment information

For Sale Price:  $3,995,000

Sale Status:  Active

Days on Market:  43
Price/SF:  $335.83

Sale Type:  Investment
Cap Rate:  5.00%

Sale Conditions:  –

investment notes

5.00% Cap Rate on existing income.
Well leased multi-tenant office building.
All leases are short term.
Opportunity for buyer to increase “below market” rents at lease expirations.
Irreplaceable downtown core location.
Walking distance to CalTrain and numerous retail amenities.
Parking: 8 surface spaces including 38 additional off-site parking spaces located across the street at part of City of Sunnyvale Downtown Parking Maintenance District.
Zoning: DSP (Downtown Specific Plan)
building information
Bldg Type:  Office
Bldg Status:  Built 1981       Class:  B
Total Avail:  2,255 SF                Elevators:  –            RBA:  11,896 SF
Bldg Vacant:  1,121 SF           Core Factor:  –           Stories:  2
Typical Floor Size:  4,000 SF              Zoning:  R20             Owner Type:  –
Const Type:  Wood Frame               Owner Occupied:  No              Building FAR:  0.91
Land Area:  0.30 AC