16 Corning AVE, Milpitas, CA 95035 – ML82003329 - Matt Cossell

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Matt Cossell

matt@mattcossellteam.com +1(408) 761-3271

Listed by Melinda Collins • NextHome Axis Realty

$3,995,000

Est. payment - /mo

20,939 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 20,939 sqft

Price per Sqft $190

MLS Listing ID ML82003329

Year Built 1978

Lot Size 0.680 Acres

Property Sub-Type Commercial Property

Property Description

Exceptional Investment or Owner-User Opportunity in Milpitas! Rare chance to acquire a strategically located, income-producing office property in thriving Milpitas. Immediate value-add potential with 12 leases due for amendmentsconvert lease terms from Gross to NNN and adjust rents to market rates to unlock instant equity. Property Highlights: * 20,939 SF two-story office building on prominent corner lot * 32 suites occupied by a diverse tenant mix of professionals and small businesses * Gross Scheduled Income: $34,717/month ($416,606 annually) * Current occupancy: 89% * Ample on-site parking * Prime location near I-880, I-680, BART, VTA, and major retail centers including the Great Mall ** Value-Add Opportunities ** * Upgrade HVAC, electrical systems, and improve water efficiency to reduce operating costs * Implement green building features to attract eco-conscious tenants * Lease vacant spaces and reposition underperforming suites at market rates * Ideal for investors seeking asset appreciation or owner-users looking to secure premium office space in one of the Bay Areas fastest-growing business hubs.

Location

State CA

County Santa Clara

Area Milpitas

Building/Complex Name United Center

Zoning C2S

Interior

Heating Central Forced Air

Cooling Central AC

Exterior

Parking Features Common Parking Area

Utilities Available Public Utilities

Roof Type Flat / Low Pitch,Other

Present Use Office

Building

Foundation Reinforced Concrete

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 083-13-001

Security Features Fire Alarm

Special Listing Condition Not Applicable

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Matt Cossell

+1(408) 761-3271

Top 1% Realtor | License ID: 01382971

Top 1% Realtor License ID: 01382971

16 Corning AVE Milpitas, CA 95035

Matt Cossell

Key Details

Location

Interior

Exterior

Building

Others