Sold Retail Property in Santa Clara County – 1910 N Capitol Avenue,

San Jose, CA 95132 4/10

1910 N Capitol Avenue, San Jose, CA 95132 

Sale Information

Sale Status: Sold
Sale Date: 02/28/2014
Sale Price: $6,250,000 ($339.14/SF)
Cap Rate: 5.00% (At Time Of Listing)
Listing Price: $6,750,000

Property Details

Property Type: Retail
Property Sub-type: Strip Center
Building Size: 18,429 SF
Lot Size: 1.65 Acres
APN / Parcel ID: 092-01-020

Property Description
This center is 100% leased to 11 tenants and is anchored by Doctors on Duty, Capital Laundromat and Kickin’ Crab Restaurant that occupy more than 54% of the center. The average rent on the existing leases is only $1.60 s.f. NNN thereby allowing a new buyer to raise rents when the leases come up for renewal. Proforma CAP rate of 5.66% that should be achievable within the next 6 months. Seller financing of $4,250,000 at 5.5% interest only due in 10 years. CALL FOR A DETAILED MARKETING PACKAGE.