988 Walsh Ave – Bldg 1;Santa Clara, CA 95050 ;Office Building for sale; B-1 in Santa Clara County

988 Walsh Ave – Bldg 1;Santa Clara, CA 95050 ;Office Building for sale; B-1 in Santa Clara County


988 Walsh Ave – Bldg 1,Santa Clara, CA 95050 ;Office Building for sale; B-1 in Santa Clara County

industrial information
Bldg Type: Flex – R&D RBA: 65,000 SF
Bldg Status: Built 1984, Renov 1996 % Leased: 50.0%
Rent/SF/yr: $6.00 Stories: 2
Bldg Vacant: 32,500 SF Warehouse Avail: 65,000 SF
Building FAR: 0.38 CAM: $0.16
Office Avail: 0 SF Zoning: ML
Max Contig: 65,000 SF Owner Type:
Smallest Space: 15,000 SF Owner Occupied: No
Land Area: 3.89 AC Tenancy:
Lot Dimensions:
Ceiling Height: 13’0″-16’0″ Column Spacing:
Loading Docks: None Levelators: None
Cross Docks: Crane: None
Drive Ins: 2 tot./8’0″w x 12’0″h Const Type: Masonry
Sprinklers: Yes Rail Spots: None
Rail Line: None
Power: 2000a/480v 3p
Expenses: 2011 Tax @ $1.31/sf; 2011 Ops @ $0.60/sf
Parking: 66 Surface Spaces are available; Ratio of 4.00/1,000 SF
Elevator Banks: 1st-2nd(1)
location information
2nd Address: 980-988 Walsh Ave
Park Name: HD Corporate Center
Metro Market: South Bay/San Jose
Submarket: Santa Clara/Scott Blvd Corridor
County: Santa Clara
Map(Page): Thomas Bros. Guide 833-D1
sales & loan information
Owner: Yeung Saulun (Te)
Addtl Owner: Yeung Sherry (Te)
Owner Addr: 24001 Oak Knoll Circle, Los Altos, CA  94022
Owner Phone:
Prev Owner: KDC
assessment & tax information
Tax Year: 2013 Assessed Year: 2013
Tax Amount: $93,769 Total Assessed: $7,923,667
Percent Impr: 38.0% Impr Assessed: $2,999,674
Tax Code Area: 07000 Land Assessed: $4,923,993
LandAssessed/AC: Land Calc/AC:
Tax Year: 2013 Assessed Year: 2014
Tax Amount: $93,769 Total Assessed: $5,470,000
Percent Impr: 10.0% Impr Assessed: $523,653
Tax Code Area: 07000 Land Assessed: $4,946,347
LandAssessed/AC: Land Calc/AC:
Tax Year: 2012 Assessed Year: 2012
Tax Amount: $93,335 Total Assessed: $7,768,302
Percent Impr: 38.0% Impr Assessed: $2,940,857
Tax Code Area: 07000 Land Assessed: $4,827,445
LandAssessed/AC: Land Calc/AC:
Tax Year: 2010 Assessed Year: 2011
Tax Amount: $88,745 Total Assessed: $7,615,984
Percent Impr: 38.0% Impr Assessed: $2,883,194
Tax Code Area: 07000 Land Assessed: $4,732,790
LandAssessed/AC: Land Calc/AC:
Tax Year: 2009 Assessed Year: 2009
Tax Amount: $90,518 Total Assessed: $7,577,024
Percent Impr: 38.0% Impr Assessed: $2,868,445
Tax Code Area: 07000 Land Assessed: $4,708,579
LandAssessed/AC: Land Calc/AC:
Tax Year: 2009 Assessed Year: 2010
Tax Amount: $90,518 Total Assessed: $7,559,065
Percent Impr: 38.0% Impr Assessed: $2,861,646
Tax Code Area: 07000 Land Assessed: $4,697,419
LandAssessed/AC: Land Calc/AC:
Tax Year: 2007 Assessed Year: 2008
Tax Amount: $84,088 Total Assessed: $7,428,455
Percent Impr: 38.0% Impr Assessed: $2,812,201
Tax Code Area: 07000 Land Assessed: $4,616,254
LandAssessed/AC: Land Calc/AC:
Tax Year: 2006 Assessed Year: 2006
Tax Amount: $86,344 Total Assessed: $7,140,000
Percent Impr: 38.0% Impr Assessed: $2,703,000
Tax Code Area: 07000 Land Assessed: $4,437,000
LandAssessed/AC: Land Calc/AC:
Tax Year: 2006 Assessed Year: 2007
Tax Amount: $86,344 Total Assessed: $7,282,800
Percent Impr: 38.0% Impr Assessed: $2,757,060
Tax Code Area: 07000 Land Assessed: $4,525,740
LandAssessed/AC: Land Calc/AC:
Tax Year: 2005 Assessed Year: 2005
Tax Amount: $85,876 Total Assessed: $7,000,000
Percent Impr: 38.0% Impr Assessed: $2,650,000
Tax Code Area: 07000 Land Assessed: $4,350,000
LandAssessed/AC: Land Calc/AC:
Tax Year: 2003 Assessed Year: 2003
Tax Amount: $52,792 Total Assessed: $7,500,000
Percent Impr: 42.0% Impr Assessed: $3,150,000
Tax Code Area: 07000 Land Assessed: $4,350,000
LandAssessed/AC: Land Calc/AC:
Tax Year: 2002 Assessed Year: 2002
Tax Amount: $51,706 Total Assessed: $4,304,953 Total Calc: $4,304,953
Percent Impr: 53.0% Impr Assessed: $2,280,784 Improved Calc: $2,280,784
Tax Code Area: 07000 Land Assessed: $2,024,169 Land Calc: $2,024,169
LandAssessed/AC: Land Calc/AC:
Tax Year: 2001 Assessed Year: 2001
Tax Amount: $49,952 Total Assessed: $4,220,543 Total Calc: $4,220,543
Percent Impr: 53.0% Impr Assessed: $2,236,063 Improved Calc: $2,236,063
Tax Code Area: 07000 Land Assessed: $1,984,480 Land Calc: $1,984,480
LandAssessed/AC: Land Calc/AC:
Tax Year: 2000 Assessed Year: 2000
Tax Amount: $47,082 Total Assessed: $4,137,788 Total Calc: $4,137,788
Percent Impr: 53.0% Impr Assessed: $2,192,219 Improved Calc: $2,192,219
Tax Code Area: 07000 Land Assessed: $1,945,569 Land Calc: $1,945,569
LandAssessed/AC: Land Calc/AC:
property address
Property Addr: 2600 Lafayette St, Santa Clara, CA  95050
County: Santa Clara
Parcel: 224-59-006 Zoning: ML Land Use: R&D Facility
Alt Parcel: Census: 5052023131 State Use:
County Use: 14
Township: Section:
Range: Quarter Section:
property information
Bldg SF: 69,074 Buildings: 1 1st Floor SF:
Stories: 2 Units: 1 Basement SF:
Year Built: 1950 Rooms: Garage SF:
Eff Year Built: 1984 Baths: Parking Type:
Const Type: Concrete Roof Type: Parking Spaces:
Flood Zone: 111527676 0 Acres: 3.99 AC Lot Length:
Lot Width:
Sub Plat Book: Sub Plat Page: Sub Track #:
Sub Name: OAKS
Legal Desc: LOT B

sale contacts
Recorded Buyer: Saulun & Sherry Yeung Trust
Recorded Seller: KDC Company, GP
Seller Contact: Carl Miller
True Buyer: Saulun & Sherry Yeung Trust
3777 Stevens Creek Blvd, Suite 2nd floor
Santa Clara, CA 94536
(408) 248-5888
True Seller:
Buyer Type: Corporate/User
Buyer Broker: Kidder Mathews
Tom Sweeney  
(408) 982-8493
Listing Broker: Kidder Mathews
Tom Sweeney  
(408) 982-8493
transaction details
Sale Date: 9/10/2004 (180 days on market)
Escrow Length: 90 days
Sale Type: Investment
Sale Price: $7,000,000 – Confirmed
Price/Unit:
Bldg Type: Flex – R&D
Year Built/Age: Built 1984, Renov 1996  Age: 20
Asking Price:
Price/SF: $107.69
RBA: 65,000 SF
Price/AC Land Gross: $1,799,486 ($41.31/SF)
Land Area: 3.89 AC (169,448 SF)
Percent Leased:
Percent Improved: 42.0%
Actual Cap Rate:
Total Value Assessed: $7,500,000 in 2004
Improved Value Assessed: $3,150,000
Land Value Assessed: $4,350,000
Land Assessed/AC: $1,118,251
Sale Conditions:
Transfer Tax: $7,700
Financing: Down payment of $2,450,000 (35.0%)
$4,550,000 from Bridge Bank