1 Curtner AveSan Jose, CA 95125

Property Details for 1 Curtner Ave

Year built

2008

Construction

CONCRETE

Lot size

33.45 AC

Property size (Sq ft)

358,302 SF

Zone code

M4

Property type

Retail properties

Property subtype

Community centers

APN

456-22-002

APU

45622002

Description

The Plant, located at 1 Curtner Ave, San Jose, CA 95125, presents a significant retail investment opportunity. This dominant power center, the largest in San Jose, boasts 650,532 square feet of gross leasable area (GLA) and is strategically situated at the hard corner of Curtner Avenue and Monterey Road. The property features over 50 tenants, including national anchors such as Target, Home Depot, and Best Buy, creating a one-stop destination for shopping, dining, and entertainment. With 2,967 parking spaces (a 5.8/1,000 ratio), ample parking is ensured for customers. Its high-traffic location is less than a mile from CA-87 (Exit 3, 133,000 ADT), contributing to its exceptional visibility and accessibility. Currently, 121,922 square feet of space is vacant, offering flexible options ranging from 563 square feet to a maximum contiguous space of 64,850 square feet. The property's strong performance is evidenced by its ranking as the second most visited power center within a 15-mile radius, attracting 6.4 million visits annually, including 5.89 million loyal visits and 509.9K casual visits within a 12-month period. This presents a unique chance to acquire a stake in a thriving, established retail center in a high-demand location. The property is multi-tenant, offering a diverse range of leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $161,329,840

  6.5%

  $148,919,856

  7%

  $138,282,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $251,833,712

  Geo Method

  $251,833,712

• Alternative Use

  Use

  Valuation

  Residential

  $125,619,464

  Hospitality

  $115,066,752

  Educational

  $95,734,192

  Medical

  $99,026,632

  Retail

  $148,919,856

Location Insight

City

San Jose

County

Santa Clara

State

California

Latitude

37.303

Longitude

-121.865

CBSA code

41940

CBSA name

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

Property Tax & Assessments

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