1851 McCarthy Blvd AKA 1851 McCarthy Blvd/Renaissance Business Center Milpitas, CA 95035; Office Building For Sale; in Santa Clara County; 36/51

investment information

For Sale Price:  $8,299,999
Sale Status:  Active
Days on Market:  107
Price/SF:  $179.81
Sale Type:  Investment
Cap Rate:  –
Sale Conditions:  –

investment notes

Centrally located multi-tenant office building Currently 88% leased on short term leases Zoning allows for a variety of uses including office, research & development, vocational/trade school use, etc. Possible re-development opportunity.

building information

Bldg Type:  Office
Bldg Status:  Built 1984
Class:  B
Total Avail:  0 SF
Elevators:  –
RBA:  46,159 SF
Bldg Vacant:  0 SF
Core Factor:  –
Stories:  2
Typical Floor Size:  23,080 SF
Zoning:  M1S, Milpitas
Owner Type:  Individual
Const Type:  Masonry
Owner Occupied:  No
Building FAR:  0.39
Land Area:  2.71 AC

building notes

The building consists of a two-story office building totaling 46,159 SF. It is situated on 2.71 Acres and was constructed in 1984. The building has a central lobby with separately contained office units on both floors.

The building is located within the prestigious Oak Creek Business Park in Milpitas, California. CC&R’s ensure that the maintenance and integrity of the business park is upheld at all times. The property is zoned and with a general plan designation of MP-Industrial Park.