2400-2410 Monterey Hwy
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2400-2410 Monterey Hwy
5,000 SF 100% Leased Retail Building San Jose, CA 95111 $4,500,000 ($900/SF) 4.65% Cap Rate
Investment Highlights
- Lessees include: Monterey Breeze bar & restaurant, Monterey Auto Service, taco truck spot and billboard.
- Seller Financing Available. Contact broker for more details.
- Corner lot, located at the corner of Old Tully and Monterey Hwy.
- Newly paved parking lot.
- Tenants pay utilities. Landlord pays only property insurance and property tax.
- Traffic Count: 35,000+ ADT along this section of Monterey Hwy.
Executive Summary
NAI Northern California is pleased to present for sale this multi tenant retail-commercial property located on a high traffic corridor of Monterey Highway in San Jose, CA. Nestled between I-680 to the north, Hwy-87 to the west and Hwy-101 to the east, this offering consists of 4 tenants in total between 2 buildings on one highly visible 0.62 AC corner lot.
Proximity to various industrial parks, residential developments, greenspaces and other retail also contributes to this property's continued success.
** Seller Financing Available** contact broker for details.
Proximity to various industrial parks, residential developments, greenspaces and other retail also contributes to this property's continued success.
** Seller Financing Available** contact broker for details.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$281,040
|
$56.21
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$281,040
|
$56.21
|
| Taxes |
$64,941
|
$12.99
|
| Operating Expenses |
$7,000
|
$1.40
|
| Total Expenses |
$71,941
|
$14.39
|
| Net Operating Income |
$209,099
|
$41.82
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $281,040 |
| Annual Per SF | $56.21 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $281,040 |
| Annual Per SF | $56.21 |
| Taxes | |
|---|---|
| Annual | $64,941 |
| Annual Per SF | $12.99 |
| Operating Expenses | |
|---|---|
| Annual | $7,000 |
| Annual Per SF | $1.40 |
| Total Expenses | |
|---|---|
| Annual | $71,941 |
| Annual Per SF | $14.39 |
| Net Operating Income | |
|---|---|
| Annual | $209,099 |
| Annual Per SF | $41.82 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,000 SF
Building Class
C
Year Built/Renovated
1960/2022
Price
$4,500,000
Price Per SF
$900
Cap Rate
4.65%
NOI
$209,099
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.62 AC
Zoning
CN - Commercial Neighborhood
Parking
18 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
221 FT on Monterey Rd
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 497-38-018 | Total Assessment | $3,121,200 |
| Land Assessment | $2,080,800 | Annual Taxes | $64,941 ($12.99/SF) |
| Improvements Assessment | $1,040,400 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
497-38-018
Land Assessment
$2,080,800
Improvements Assessment
$1,040,400
Total Assessment
$3,121,200
Annual Taxes
$64,941 ($12.99/SF)
Tax Year
2023
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2400-2410 Monterey Hwy
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