420 Oakmead Pky
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420 Oakmead Pky
31,068 SF Industrial Building Sunnyvale, CA 94085 $10,000,000 ($322/SF) 5.50% Cap Rate
Investment Highlights
- Located in the HEART of Silicon Valley
- NNN Lease
- $4.8 million UNDER appraised value
Executive Summary
Industrial R/D building located in the HEART of Silicon Valley ! 1.5 miles away from Nividia, Apple, Applied Materials, and Intuit Strategic. 1 mile away from Levi Stadium, home of the San Francisco 49ers. The San Jose airport is only 6 miles from the property. And just a 20 minute car ride to Stanford University or 45 minutes to San Francisco....The building is also being offered $4.8 million UNDER appraised value....The seller is offering this generous concession to procure a very SPECIFIC buyer. The seller will only entertain offers as part of a sale lease back. The sales lease back would have the following terms- 1) Seller to lease back the property for 3 years, with 2 , 1 year renewable options 2) Lease rate to be $1.50 psf NNN 3) Seller will have the option to repurchase the building anytime during the lease period at the current appraised value, at that point in time....If this type of sale fits your investment portfolio or strategy, please reach out TODAY, before some other fortunate buyer puts the property under contract.
Property Facts
| Price | $10,000,000 | Building Class | B |
| Price Per SF | $322 | Lot Size | 1.08 AC |
| Sale Type | Investment NNN | Rentable Building Area | 31,068 SF |
| Cap Rate | 5.50% | No. Stories | 1 |
| Sale Conditions | Sale Leaseback | Year Built | 1975 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Industrial | Parking Ratio | 3.3/1,000 SF |
| Price | $10,000,000 |
| Price Per SF | $322 |
| Sale Type | Investment NNN |
| Cap Rate | 5.50% |
| Sale Conditions | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Industrial |
| Building Class | B |
| Lot Size | 1.08 AC |
| Rentable Building Area | 31,068 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Tenancy | Single |
| Parking Ratio | 3.3/1,000 SF |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,080,916 | |
| Land Assessment | $9,328,155 | Total Assessment | $11,409,071 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,328,155
Improvements Assessment
$2,080,916
Total Assessment
$11,409,071
zoning
| Zoning Code | ML, Sunnyvale |
| ML, Sunnyvale |
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Daniel Bragg -
Coachella Commercial
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