150 W Iowa Ave Sunnyvale, CA 94086; Office Building For Sale; in Santa Clara County; 27/51
For Sale Price: $3,995,000
Sale Status: Active
Days on Market: 43
Sale Type: Investment
Cap Rate: 5.00%
Sale Conditions: –
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)
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