3150 Almaden ExpySan Jose, CA 95118

Property Details for 3150 Almaden Expy

Year built

1982

Construction

TILT-UP CONCRETE

Lot size

3.77 AC

Property size (Sq ft)

63,117 SF

Zone code

CP

Property type

Office properties

Property subtype

Office buildings

APN

451-07-018

APU

45107018

Description

The Pioneer Financial Center, located at 3150 Almaden Expressway in San Jose, California (zip code 95118), offers exceptional executive office suites for lease. This two-story building boasts a total of 63,117 square feet, with a minimum divisible space of 385 square feet and a maximum contiguous space of 2,420 square feet. Currently, 11,998 square feet are available. The building features a prime location with high street visibility and monument signage opportunities. Amenities include abundant parking and Comcast high-speed internet and phone service availability. Several configurations are available, from corner offices at the main lobby to suites with private offices and open areas, plus kitchenettes. Flexible lease terms are offered at competitive pricing. For the first year of a minimum two-year lease, the average rate is $2.38 per square foot per month. The second year's average rate is $2.94 per square foot per month. The building is managed and owned locally, ensuring responsive service and potential expansion opportunities within the building. This is an excellent opportunity for businesses seeking a prominent and well-equipped office space in the heart of San Jose.

• CAP approach

  CAP return

  Valuation

  6%

  $18,244,610

  6.5%

  $16,841,178

  7%

  $15,638,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,603,962

  Geo Method

  $17,603,962

• Alternative Use

  Use

  Valuation

  Residential

  $20,883,060

  Hospitality

  $19,128,770

  Educational

  $15,914,913

  Medical

  $16,462,251

  Retail

  $24,756,532

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.2764

Longitude

-121.878

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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