Building Size: 54,146
Lot Size: 130,244
Price per SF: $267
Cap Rate: 5%
The property was constructed in 1997 and consists of nine (9) total units. The total building size is 54,146 on approximately 2.99 acres of land. Eight tenants are on NNN leases with one tenant on a Gross lease. The property is equipped with 1,600 amps/480v and is sprinklered throughout. The clear height is between 20' - 24' in the warehouse area. The property is located within a Qualified Opportunity Zone (QOZ). Strong leasing fundamentals within the submarket with less than 4%vacancy. The property benefits from excellent visibility along Senter Road with over 35,000 average cars per day. The property is just a short drive to The Plant Shopping Center, the largest retail power center in San Jose, Santa Clara County Fairgrounds, Costco, Los Lagos Golf Course, and Downtown San Jose.
San Jose, the third-largest city in California, the tenth largest in the U.S., and the county seat of Santa Clara County, is located just south of the San Francisco Bay. With a population of 1,015,785, San Jose comprises a large portion of the Silicon Valley, a region home to the leading tech companies in the world including Google, Apple, and Cisco Systems. Despite the development of other high-tech economic centers throughout the world, the Silicon Valley continues to be the leading hub for high-tech innovation and development. San Jose boasts a highly educated and trained workforce, excellent quality of life, world-class research facilities, and a continually evolving history of pioneering innovation that spurs economic growth. San Jose is world renowned for its award-winning schools, such as San Jose State University, and is in close proximity to Santa Clara University and Stanford University. Today, the private sector in San Jose is dominated by high-tech related industries driving economic growth across the region. Companies enjoy a competitive advantage by establishing a presence in San Jose due to its concentration of a highly skilled, wells south-after employee base that is able to enjoy a wide array of exciting cultural, recreational, and educational opportunities while living and working in San Jose.