Bowers Professional Center | 2975 Bowers Ave
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Bowers Professional Center 2975 Bowers Ave
22,500 SF Vacant Office Building Santa Clara, CA 95051 $7,000,000 ($311/SF)
Investment Highlights
- ±2% Vacancy
- AT&T Fiber Available On-site
- Easy Access to Central Expy, Hwy 101, & Lawrence Expy
- New LED Lighting Installed in 2020
- 24/7 Security Monitoring System in Place
- Close Proximity to Retail Amenities (Costco, Whole Foods, Santa Clara Square, & more)
Executive Summary
Newmark, as exclusive marketing advisors, is pleased to present the opportunity to acquire a 100% fee simple interest in 2975 Bowers Avenue, Santa Clara, CA; a ±20,366 sf multi-tenant 3-story office building on approximately 1.0 acres. This building is surrounded by numerous fortune 500 companies and prominent Silicon Valley technology firms. The location also benefits from Santa Clara’s own power utility, which is significantly lower than PG&E. The property has been well managed and is 98% leased to 19 tenants.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
22,500 SF
Building Class
B
Year Built
1984
Price
$7,000,000
Price Per SF
$311
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,411 SF
Building FAR
0.48
Lot Size
1.07 AC
Zoning
ML, Santa Clara - Light Industrial
Parking
100 Spaces (3.4 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
- Signage
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Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 216-46-017 | Improvements Assessment | $2,100,000 |
| Land Assessment | $4,900,000 | Total Assessment | $7,000,000 |
PROPERTY TAXES
Parcel Number
216-46-017
Land Assessment
$4,900,000
Improvements Assessment
$2,100,000
Total Assessment
$7,000,000
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Bowers Professional Center | 2975 Bowers Ave
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