1040 Park Ave, San Jose, CA 95126; Retail For Sale; D-3 in Santa Clara County
1040 Park Ave, San Jose, CA
1040 Park Ave FOR SALE (2 story Retail, Office)
Retail Property For Sale
- Gross Leasable Area:
- 9,508 SF
- Property Type:
- Property Sub-type:
- Neighborhood Center
- Property Use Type:
- Commission Split:
- Cap Rate:
- Building Class:
- Lot Size:
- 0.11 AC
- Listing ID
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).