2400-2410 Monterey Hwy
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2400-2410 Monterey Hwy
5,000 SF 100% Leased Retail Building San Jose, CA 95111 £3,521,025 (£704/SF) 4.65% Net Initial Yield
Investment Highlights
- Lessees include: Monterey Breeze bar & restaurant, Monterey Auto Service, taco truck spot and billboard.
- Seller Financing Available. Contact broker for more details.
- Corner lot, located at the corner of Old Tully and Monterey Hwy.
- Newly paved parking lot.
- Tenants pay utilities. Landlord pays only property insurance and property tax.
- Traffic Count: 35,000+ ADT along this section of Monterey Hwy.
Executive Summary
NAI Northern California is pleased to present for sale this multi tenant retail-commercial property located on a high traffic corridor of Monterey Highway in San Jose, CA. Nestled between I-680 to the north, Hwy-87 to the west and Hwy-101 to the east, this offering consists of 4 tenants in total between 2 buildings on one highly visible 0.62 AC corner lot.
Proximity to various industrial parks, residential developments, greenspaces and other retail also contributes to this property's continued success.
** Seller Financing Available** contact broker for details.
Proximity to various industrial parks, residential developments, greenspaces and other retail also contributes to this property's continued success.
** Seller Financing Available** contact broker for details.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£219,900
|
£43.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£219,900
|
£43.98
|
| Taxes |
£50,813
|
£10.16
|
| Operating Expenses |
£5,477
|
£1.10
|
| Total Expenses |
£56,290
|
£11.26
|
| Net Operating Income |
£163,610
|
£32.72
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £219,900 |
| Annual Per SF | £43.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £219,900 |
| Annual Per SF | £43.98 |
| Taxes | |
|---|---|
| Annual | £50,813 |
| Annual Per SF | £10.16 |
| Operating Expenses | |
|---|---|
| Annual | £5,477 |
| Annual Per SF | £1.10 |
| Total Expenses | |
|---|---|
| Annual | £56,290 |
| Annual Per SF | £11.26 |
| Net Operating Income | |
|---|---|
| Annual | £163,610 |
| Annual Per SF | £32.72 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1960/2022
Price
£3,521,025
Price Per SF
£704
Net Initial Yield
4.65%
NOI
£163,610
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.19
Lot Size
0.62 AC
Zoning
CN - Commercial Neighborhood
Parking
18 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
221 ft on Monterey Rd
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 497-38-018 | Total Assessment | £2,442,183 |
| Land Assessment | £1,628,122 | Annual Taxes | £50,813 (£10.16/sf) |
| Improvements Assessment | £814,061 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
497-38-018
Land Assessment
£1,628,122
Improvements Assessment
£814,061
Total Assessment
£2,442,183
Annual Taxes
£50,813 (£10.16/sf)
Tax Year
2023
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2400-2410 Monterey Hwy
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