250 E. Java Drive, Sunnyvale, CA 94089; Neighborhood Center For Sale; D-3 in Santa Clara County
250 E. Java Drive, Sunnyvale, CA 94089; Neighborhood Center For Sale; D-3 in Santa Clara County
250 E. Java Drive, Sunnyvale, CA 94089
Moffett Plaza
Retail Property For Sale
- Price:
- $6,400,000
- Gross Leasable Area:
- 18,122 SF
- Price/SF:
- $353.16
- Property Type:
- Retail
- Property Sub-type:
- Neighborhood Center
- Property Use Type:
- Investment
- Cap Rate:
- 5.26%
- No. Stories:
- 1
- Tenancy:
- Multiple
- Year Built:
- 1979
- Lot Size:
- 1.98 AC
- Listing ID
- 18690579
Highlights
- Value Add Opportunity
- Area under residential& Commercial expansion
- Infill Silicon Valley location.
- Barrier to Entry
- Near Hwy 237/101 and light rail.
- Priced below replacement cost.
Description
Moffett Plaza is a neighborhood shopping center located on East Java Drive, a main artery road in Sunnyvale, California. Subject property is +/- 18,122 SF multi-tenant retail building located close to Hwy 237 & 101 and is surrounded by major Silicon Valley high tech companies including Yahoo, NetApp, Lockheed Martin, Infinera Corporation, Marvel, Palo Alto Networks and NASA Campus.
The subject property is perfect for an exchange buyer or a passive investor. Most of the leases are NNN and with all the growth in the surrounding area it is a great investment for a long term investor.
The City of Sunnyvale is located in heart of Silicon Valley home to world’ s most prestigious high tech companies.
Subject property benefits from excellent daily pedestrian activity as well as tremendous traffic counts. There are no shopping center within 1.5 miles radius of this property. There are numerous high tech companies and residential to support the traffic at this location, This area is going through expansion and will continue to expand with the addition of several new mega office buildings and residential and apartment buildings.