Exceptional investment opportunity: a 5,005 square foot, single-tenant, Class B industrial flex space located at 521 Charcot Ave, Suites 211, San Jose, CA 95131, within Santa Clara County. This property boasts a 4.70% cap rate and is currently 100% occupied by a credit-rated tenant under a Net Lease (NNN) agreement. The lease term extends to August 31, 2026, with rent bumps included. The tenant is responsible for all utilities, property taxes, and association dues, with any increases passed through. The building, constructed in 2008, features a single story with 18-foot ceilings and is zoned PD. Priced at $2,127,125 ($425/SF), this property presents a strong investment opportunity, particularly for 1031 exchange considerations. The property is part of a dynamic business center, including a clubhouse/showroom, and accommodates various uses, including office, retail, auto, and light industrial. While the tenant's primary business is automotive-related, the facility also houses a variety of non-automotive businesses. The building offers a secure environment, ideal for storing and showcasing vintage and collectible cars (subject to restrictions). There are no lease options available for renewal. The lot size is not specified.
Highlights
Strong credit tenant with a Net Lease (NNN) agreement.
Lease term expiring August 2026.
Tenant responsible for all property taxes and CAM charges.
Located in a prime Silicon Valley business center.
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Contacts
Anna Mcquillan Rose
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521 San Jose Ca 95131, San Jose, California, 95131
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521 San Jose Ca 95131
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