California National Bank Bldg | 2858 Stevens Creek Blvd
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California National Bank Bldg 2858 Stevens Creek Blvd
16,918 SF Office Building San Jose, CA 95128 $9,000,000 ($531.98/SF)
INVESTMENT HIGHLIGHTS
- Rare owner-user, investment, or re-development opportunity in a highly coveted trophy location
- Urban Village Commercial zoning (Horizon 1) with a FAR up to 8.0 and a height limit of 150 feet (12 to 15 stories)
- Short-term leases are in place (with one recent vacancy - childcare use)
- Generational opportunity along Stevens Creek Boulevard steps from Santana Row and Valley Fair Mall
- Rectangular shaped lot with 135 feet of linear street frontage along busy Stevens Creek Boulevard (high traffic counts)
- Immediate access to I-880 & I-280
EXECUTIVE SUMMARY
SVN | Capital West Partners, as exclusive advisor, is pleased to present the rare opportunity to purchase a ±16,918 SF freestanding retail/office building situated on a ±0.75 AC corner lot. The property is currently leased to a variety of office, medical, and retail tenants on short-term leases which provides the opportunity for an owner-user buyer to occupy a large portion of the building immediately and phase into the entire building over time. The property benefits from excellent visibility along heavily trafficked Stevens Creek Boulevard, which offers high traffic counts. Over 135 feet of linear street frontage along one of the busiest thoroughfares in Silicon Valley. The property is located directly across the street from Westfield's Valley Fair Mall and a short walk to Santana Row.
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
16,918 SF
Building Class
B
Year Built
1962
Price
$9,000,000
Price Per SF
$531.98
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,459 SF
Building FAR
0.52
Lot Size
0.75 AC
Zoning
UVC - Urban Village Commercial
Parking
56 Spaces (3.31 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 277-34-015 | Improvements Assessment | $667,527 |
| Land Assessment | $466,105 | Total Assessment | $1,133,632 |
PROPERTY TAXES
Parcel Number
277-34-015
Land Assessment
$466,105
Improvements Assessment
$667,527
Total Assessment
$1,133,632
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California National Bank Bldg | 2858 Stevens Creek Blvd
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