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2971 Monterey Rd

5,993 SF Industrial Building San Jose, CA 95111 £1,725,702 (£288/SF) 3.43% Net Initial Yield

Executive Summary

Prime Leased Investment Opportunity
2971 Monterey Road, a highly desirable industrial-commercial property located in San Jose, CA. This versatile investment spans 6,450 square feet of building space on a generous 18,500 square foot lot (.42 acres). Strategically positioned on bustling Monterey Road, this property offers exceptional retail exposure, making it ideal for a variety of business uses.
Two parcels 456-41-013, 014
Billboard leased until 2028 with approximately $5,000/year income.
Key Property Highlights:
Zoning: Combined Industrial Commercial (CIC)
Configuration: One-third showroom, balance warehouse
Specifications:
Clear Height: 14 feet
Grade Doors: 3 for convenient access
Pole Signage for high visibility
Fenced Yard and Parking
Tenant: Linde (NYSE: LIN), a global leader in welding supply and distribution
Lease Details:
Current lease runs through July 31, 2026
Monthly Rent: $8,159.64, increasing to $8,363.63 on August 1, 2025
Two 5-year renewal options at Fair Market Value
This property is perfect for investors seeking a stable income stream with future growth potential. Featuring a modified net lease, Tenant covers insurance, while the landlord manages property taxes, ensuring minimal landlord responsibilities.
Note: Please do not disturb the tenant.

Property Facts

Price £1,725,702
Price Per SF £288
Sale Type Investment
Net Initial Yield 3.43%
Property Type Industrial
Property Subtype
Showroom
  • Light Industrial Showroom
  • General Retail Storefront
Building Class B
Lot Size 0.31 AC
Rentable Building Area 5,993 SF
Number of Floors 1
Year Built 1961
Tenancy Single
Parking Ratio 1/1,000 SF
Level Access Doors 3

Amenities

  • Fenced Lot
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
455-24-038
Land Assessment
£63,199
Improvements Assessment
£160,897
Total Assessment
£224,096

zoning

Zoning Code CIC - Combined Ind-Comm
CIC - Combined Ind-Comm
  • Listing ID: 34139249

  • Date on Market: 09/12/2024

  • Last Updated:

  • Address: 2971 Monterey Rd, San Jose, CA 95111

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