MOTIVATED SELLER - SUBMIT ALL OFFERS | 660 E Santa Clara St
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MOTIVATED SELLER - SUBMIT ALL OFFERS 660 E Santa Clara St
6,825 SF 92% Leased Office Building San Jose, CA 95112 £3,047,643 (£447/SF) 4.62% Net Initial Yield
Investment Highlights
- High visibility corner location
- New 559 unit residential development planned directly across the street from the subject property
- Highly maintained building
- Attractive Spanish style design
- Excellent owner-user dental or medical office opportunity
Executive Summary
1. PRICED REDUCED BY $205,000 (was $4,100,000 now asking $3,895,000)
2. Seller will finance 65% for 2-5 years at an interest rate to be negotiated
3. Mixed-Use 6,825 sf Offering - Dental or Medical Office Building + 2 apartment units (1 bedroom & 3 bedroom)
4. High quality, turn key ready dental office available for an owner-user (approximately 1,527 square feet)
5. New 559 residential units in final stages of approval directly across the street from the subject property
6. High profile corner location
7. Surrounded by many local and national retail amenities
8. 4.62% cap rate based on 100% occupancy (see rent roll)
9. Zoning allows for a wide range of office and retail uses
2. Seller will finance 65% for 2-5 years at an interest rate to be negotiated
3. Mixed-Use 6,825 sf Offering - Dental or Medical Office Building + 2 apartment units (1 bedroom & 3 bedroom)
4. High quality, turn key ready dental office available for an owner-user (approximately 1,527 square feet)
5. New 559 residential units in final stages of approval directly across the street from the subject property
6. High profile corner location
7. Surrounded by many local and national retail amenities
8. 4.62% cap rate based on 100% occupancy (see rent roll)
9. Zoning allows for a wide range of office and retail uses
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
6,825 SF
Building Class
C
Year Built/Renovated
1945/2007
Price
£3,047,643
Price Per SF
£447
Net Initial Yield
4.62%
NOI
£140,746
Percent Leased
92%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
3,413 SF
Building FAR
0.98
Lot Size
0.16 AC
Zoning
C3 SJ - The property is zoned CG (Commercial General). Allowed uses include dental/medical uses, general office, business support, hotel/motel, general retail
Parking
4 Spaces (0.59 Spaces per 1,000 SF Leased)
Amenities
- Reception
- Partitioned Offices
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Previously used as a dental office
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste Dental | 528 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste Dental
| Size |
| 528 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste Dental
| Size | 528 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Previously used as a dental office
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Walk Score ®
Very Walkable (89)
Bike Score ®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 467-27-010 | Improvements Assessment | £661,857 |
| Land Assessment | £553,191 | Total Assessment | £1,215,049 |
PROPERTY TAXES
Parcel Number
467-27-010
Land Assessment
£553,191
Improvements Assessment
£661,857
Total Assessment
£1,215,049
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MOTIVATED SELLER - SUBMIT ALL OFFERS | 660 E Santa Clara St
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