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Matt Cossell

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

Listed by Jake Anthony • MJA Equity Investments, Inc., DRE#02059020

$4,600,000

Est. payment - /mo

9,680 SqFt

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Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 9,680 sqft

Price per Sqft $475

MLS Listing ID ML82059661

Year Built 2008

Lot Size 0.650 Acres

Property Sub-Type Commercial Property

Property Description

Rare 100% occupied NNN retail/medical strip center offered at a 5.80% cap rate. Priced at $4,600,000, this 9,680 SF property features five (5) established tenants on triple-net leases, providing a landlord-favorable, low-management income stream. Tenants include a national fast-food franchise (Pizza Hut), a national wireless carrier (Metro by T-Mobile), a medical/wellness provider (Healing Grove), and two local service retailers delivering a diverse, credit-quality tenant mix. All tenants are individually metered and responsible for their own utilities, taxes, insurance, and CAM reimbursements. Built in 2008, the property features a modern concrete slab construction, flat roof with rooftop package HVAC units per suite, and approximately 36 on-site parking spaces. Ideally located on W. Alma Avenue at Almaden Expressway in San Jose, offering excellent visibility and accessibility. Current NOI of $266,870. Do not disturb tenants. All tours by appointment only.

Location

State CA

County Santa Clara

Area Central San Jose

Zoning CP

Interior

Heating Forced Air

Cooling Central AC

Exterior

Parking Features Assigned Spaces, Common Parking Area, Drive Through, Lighted Parking Area, Uncovered Parking, Varies by Unit

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition,Flat / Low Pitch

Present Use Office,Retail

Building

Story 1

Foundation Concrete Slab

Sewer Sewer - Public

Water Individual Water Meter

Level or Stories 1

Others

Restrictions None

Tax ID 434-22-131

Security Features Security Alarm

Special Listing Condition Not Applicable

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Matt Cossell

+1(408) 761-3271

Top 1% Realtor License ID: 01382971

226 W Alma AVE San Jose, CA 95110

Matt Cossell

Key Details

Location

Interior

Exterior

Building

Others