1040 Park Ave, San Jose, CA

95126

1040 Park Ave FOR SALE (2 story Retail, Office)

Price:

$1,425,000

Gross Leasable Area:

9,508 SF

Price/SF:

$149.87

Property Type:

Retail

Property Sub-type:

Neighborhood Center

Property Use Type:

Investment

Commission Split:

2.5%

Cap Rate:

5.70%

Occupancy:

40%

Building Class:

B

Tenancy:

Multiple

Lot Size:

0.11 AC

Listing ID

18179523

Description

2-story retail / office building with over 9,500sf in Midtown San Jose, CA . Building can be divided into smaller square footage for Sub-Lease. 3 bathrooms per floor. First floor features open space retail spaces, break room(s) / kitchen, storage rooms. Second floor has open work spaces, private offices and executive suite, spacious full kitchen, skylight.

Central heating system. There are up to 5 on site parking spaces (additional spaces accessible), additional street parking is readily available.

Property also available for Lease or Lease with Option to Buy.

Currently 40% tenant occupied, and projected at 85% building leased at $8,500/mo full service generates a CAP of 5.7%.

Sub-dividable square footages can be as follows:
– 1,000+ SF
– 2000 + SF
– 3,500+ SF
– 4,500+ SF

Property is located blocks from HP Pavilion, Diridon Caltrain, SJ downtown, SJSU, freeways. Lots of real estate development being done in local area.

Address: 1040 Park Ave, San Jose, CA 95126

Great for Investor or owner user (take advantage of SBA financing). Lease with Option to Buy available (contact for price and terms).