Priced to Sell - 24K SF Retail on 1.76 AC, | 1814-1816 Hillsdale Ave
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Priced to Sell - 24K SF Retail on 1.76 AC, 1814-1816 Hillsdale Ave
23,899 SF Vacant Retail Building San Jose, CA 95124 £7,022,100 (£294/SF)
Investment Highlights
- Rare Value Add Multi-Tenant Retail Opportunity or Owner User Opportunity
- 23,899 SF and Consists of 7 Units - Largest Unit is 12,759 SF
- Located in the Camden/Hillsdale Urban Village Designation – Rare 1.76 AC Redevelopment Opportunity
- The Building is Currently 100% Vacant
- 8.8% Proforma CAP Rate (Using a Proforma Rent/ SF of $2.75 SF NNN)
- 137 Parking Stalls
Executive Summary
- Rare value add multi-tenant retail opportunity or owner user opportunity. SELLER WANTS THIS SOLD.
- The building is currently 100% vacant.
- The building is 23,899 SF and consists of 7 units with the largest unit being 12,759 SF which was a former gym.
- 8.8% Proforma CAP Rate (Using a proforma rent/ SF of $2.75 SF NNN).
- Located in the Camden/Hillsdale Urban Village Designation – great 1.76 AC redevelopment opportunity.
- The property consists of three (3) parcels totaling 76,666 square feet (1.76 aces)
- 137 parking stalls
- Across the street from a Power Center which includes national retailers such as Target, Home Depot, TJ Maxx & HomeGoods, 24 Hour Fitness, McDonalds, & Starbucks.
- Strategically positioned on the corner of Camden and Hillsdale Avenue with excellent visibility and traffic counts as well as easy access to Hwy 85, 880, & 280.
- The building is currently 100% vacant.
- The building is 23,899 SF and consists of 7 units with the largest unit being 12,759 SF which was a former gym.
- 8.8% Proforma CAP Rate (Using a proforma rent/ SF of $2.75 SF NNN).
- Located in the Camden/Hillsdale Urban Village Designation – great 1.76 AC redevelopment opportunity.
- The property consists of three (3) parcels totaling 76,666 square feet (1.76 aces)
- 137 parking stalls
- Across the street from a Power Center which includes national retailers such as Target, Home Depot, TJ Maxx & HomeGoods, 24 Hour Fitness, McDonalds, & Starbucks.
- Strategically positioned on the corner of Camden and Hillsdale Avenue with excellent visibility and traffic counts as well as easy access to Hwy 85, 880, & 280.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
23,899 SF
Building Class
B
Year Built
1971
Price
£7,022,100
Price Per SF
£294
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.31
Land Acres
1.76 AC
Zoning
CN - Commercial Neighborhood
Parking
137 Spaces (5.48 Spaces per 1,000 SF Leased)
Frontage
193 ft on Hillsdale Ave
Amenities
- Pylon Sign
- Signage
Walk Score ®
Very Walkable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,452,620 | |
| Land Assessment | £352,077 | Total Assessment | £1,804,697 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£352,077
Improvements Assessment
£1,452,620
Total Assessment
£1,804,697
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Power Broker David Taxin -
Jeremy Awdisho -
Meacham Oppenheimer
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Priced to Sell - 24K SF Retail on 1.76 AC, | 1814-1816 Hillsdale Ave
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