244 N Jackson Ave San Jose, CA 95116; Office Building For Sale; in Santa Clara County; 29/51

244 N Jackson Ave San Jose, CA 95116; Office Building For Sale; in Santa Clara County; 29/51

244 N Jackson Ave San Jose, CA 95116; Office Building For Sale; in Santa Clara County; 29/51


investment information

For Sale Price:  $3,350,000
Sale Status:  Active
Days on Market:  56
Price/SF:  $354.35
Sale Type:  Investment
Cap Rate:  5.84%
Sale Conditions:  –

investment notes

Marcus and Millichap is pleased to offer an excellent opportunity for investors to own a commercial office building at 244 North Jackson Avenue, a medical office building perfectly located in the progressive Alum Rock business district in San Jose. The property, located at the corner of North Jackson Street and Montpelier is directly across the street from Regional Medical Center of San Jose and situated on an 11,500 square foot corner lot. The subject property offers 9 units of open office space of 9,454 square feet and consists of one, two-story building with stairs and elevator access and front and back entrance.

Located on the first floor of the building is office space measuring approximately 4,954 square feet and is currently occupied by Quest Diagnostics, Just X-Ray and a doctor’ s office. There are five office suites and two restroom facilities. The second floor offers a mezzanine comprised of approximately 4,700 square feet with high ceilings and windows on two sides, providing good street exposure. The second floor also features exposed brick walls and timbers, window-lined private offices, and large operable windows. The basement is approximately 5,640 square feet.

The building is directly on the heavily commuted Jackson Avenue across from the former Alexian Brothers Hospital now a completely remodeled establishment renamed the Regional Medical Center of San Jose. A vast amount of motor vehicle and pedestrian traffic pass through this thoroughfare on a daily basis. The Regional Medical Center of San Jose, an award winning facility, accredited by the Commission on Cancer American College of Surgeons with a Three Year Accreditation and Commendation to its cancer program and Healthgrades Distinguished awarded Clinical Excellence, has an employee staff of 1,400 and medical staff of more than 500 specializing in 21 fields of medicine, dentistry and podiatry. Regional Medical Center offers world-class healthcare to residents throughout the community.

building information

Bldg Type:  Office
Bldg Status:  Built 1930, Renov 1998
Class:  B
Total Avail:  2,415 SF
Elevators:  1
RBA:  9,454 SF
Bldg Vacant:  2,415 SF
Core Factor:  –
Stories:  2
Typical Floor Size:  4,727 SF
Zoning:  C, San Jose
Owner Type:  Trust
Const Type:  –
Owner Occupied:  No
Building FAR:  0.36
Land Area:  0.61 AC