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Turnkey MOB & Lab Space Near Downtown 556 N 1st St
8,350 SF Vacant Office Building Online Auction Sale San Jose, CA 95112



INVESTMENT HIGHLIGHTS
- This renovated medical office building provides 4 turnkey suites, including 2 dental suites with lab space, ideal for investors or growing practices.
- Tenants enjoy synergy with the Santa Clara Valley Medical Center, Regional Medical Center, and Good Samaritan Hospital, reachable in under 15 mins.
- Operations are supported by a growing 3-mile population of more than 226,000 that provided consumer spending of over $2.9 billion during 2024.
- Sitting just off the Guadalupe Pkwy (8,600 VPD), with connections to the 101, 280, and 880, the location offers convenient access to clients/staff.
- Location receives elevated traffic from nearby demand drivers, including SJSU, San Jose Mineta Airport, and HQs for Abode, PayPal, and Nvidia.
EXECUTIVE SUMMARY
Built in 1961 and fully renovated in 2020, 556 N 1st Street offers contemporary fixtures across a total of 9,822 square feet. The building comprises four turnkey medical office suites, with two suites offering existing builds as dental practices, including dedicated laboratory space. All the suites boast attractive features, including floor-to-ceiling windows for robust natural light, rich plank flooring, recessed lighting, ADA restrooms, and unique points of entry with security gating. The building’s lot spans 0.23 acres and includes a gated parking lot with a total of 26 surface and covered spaces.
556 N 1st Street enjoys an advantageous position just off the Guadalupe Parkway at the gateway between the Japantown neighborhood, the Hensley Historic District, and Downtown San Jose. Direct frontage to N 1st Street provides robust brand exposure to businesses, with potential signage visible to more than 8,600 passing daily vehicles. The parkway provides easy access to the property across the greater metro, with convenient connections to the 101, 280, and 880 freeways. Public transportation is also readily available, with both the Japantown and Civic Center Station reachable within walking distance.
Medical businesses at 556 N 1st Street will benefit from placement near major demand drivers, quality retail amenities, and the city’s largest hospitals. The facility is centrally placed between the Santa Clara Valley Medical Center, the Regional Medical Center, and the Good Samaritan Hospital, providing over 1,500 beds within 15 minutes of the property. This elevated demand for quality medical services is a boon to synergistic practices at the subject property. Additional strong traffic is driven to the area by large surrounding corporate tenants, including the world headquarters for Adobe, PayPal, Goodwill Industries, and Nvidia.
Employees and patients at 556 N 1st Street can easily work dining and shopping into their routine, with locations for national retail brands including Target, Trader Joe’s, Costco, Sprouts Farmers Market, PetSmart, In-N-Out Burger, Chili’s, and Panera Bread, all reachable in just five minutes. Proximity to Downtown San Jose also provides easy access to the city’s hottest destinations, including the San Jose Museum of Art, the San Jose Convention Center, the San Jose Center for the Performing Arts, the SAP Center, and San Jose State University.
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
MARKET ANALYTICS Click Here to Access
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Market Sale Price per SF
San Jose - CA USA
Market Cap Rate
San Jose - CA USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
PROPERTY FACTS
AMENITIES
- Bus Line
- Commuter Rail
- Signage
- Central Heating
- Plug & Play
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
The rent is based on a Triple N contract. Please contact info@i-managements.com for more info. Fully furnished and dental plumbing for dental/medical office.
Fully furnished space, perfect for a new dental or medical space.
Furnished space, perfect for a new dental or medical space.
Furnished space, perfect for a new dental, medical or yoga space.
Space | Size | Space Use | Condition | Available |
1st Fl-Ste 101 | 2,350 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 102 | 1,400 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 103 | 1,700 SF | Office/Medical | Full Build-Out | Now |
2nd Fl-Ste 201 | 2,900 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste 101
Size |
2,350 SF |
Space Use |
Office/Medical |
Condition |
Full Build-Out |
Available |
Now |
1st Fl-Ste 102
Size |
1,400 SF |
Space Use |
Office/Medical |
Condition |
Full Build-Out |
Available |
Now |
1st Fl-Ste 103
Size |
1,700 SF |
Space Use |
Office/Medical |
Condition |
Full Build-Out |
Available |
Now |
2nd Fl-Ste 201
Size |
2,900 SF |
Space Use |
Office/Medical |
Condition |
Full Build-Out |
Available |
Now |
1st Fl-Ste 101
Size | 2,350 SF |
Space Use | Office/Medical |
Condition | Full Build-Out |
Available | Now |
The rent is based on a Triple N contract. Please contact info@i-managements.com for more info. Fully furnished and dental plumbing for dental/medical office.
1st Fl-Ste 102
Size | 1,400 SF |
Space Use | Office/Medical |
Condition | Full Build-Out |
Available | Now |
Fully furnished space, perfect for a new dental or medical space.
1st Fl-Ste 103
Size | 1,700 SF |
Space Use | Office/Medical |
Condition | Full Build-Out |
Available | Now |
Furnished space, perfect for a new dental or medical space.
2nd Fl-Ste 201
Size | 2,900 SF |
Space Use | Office/Medical |
Condition | Full Build-Out |
Available | Now |
Furnished space, perfect for a new dental, medical or yoga space.
DEMOGRAPHICS
Demographics
ZONING
Zoning Code | CP |
CP |
PROPERTY TAXES
Parcel Number | 249-43-083 | Improvements Assessment | $2,149,659 |
Land Assessment | $825,173 | Total Assessment | $2,974,832 |
PROPERTY TAXES
SALE ADVISORS
Andres Lopez, First Vice President Investments
Under the guidance of seasoned veterans at Marcus & Millichap, Andres has been mentored in the art of comprehending client perspectives and mastering the precise timing required to navigate and successfully conclude transactions. Prior to his venture into real estate, Andres steered and managed several multi-million-dollar operations affiliated with In-N-Out Burger. Remarkably, by the age of 19, a mere year after joining the company, he ascended to a top-tier management position, where he operated the stores with a sense of ownership. The skills and values cultivated by Andres since 2013 have proven to be invaluable to his clients. Their repeated engagements with him are a testament to the integrity and unwavering dedication he consistently channels into fulfilling their aspirations.
“I've consistently found satisfaction in safeguarding the wealth that investors entrust to real estate. My current focus revolves around assisting clients in the ongoing preservation of their wealth through strategic decisions involving the re-positioning of equity, repeatedly and effectively.”
Robert Johnston, Senior Managing Director Investments
He was top 5 Palo Alto Investment Professional in 2021, 2020 2019, 2017, 2016 and 2015 and a top 10 investment professional in 2014, 2013 & 2012. Robert received a Chairman's Circle of Excellence Award in 2021 & 2019, a Chairman's Club Award in 2020, 2018, 2017, 2016 and 2015 and National Achievement Awards in 2014-2020. Robert is an Executive Director of Marcus and Millichap's National Multi Housing Group. Robert Johnston is a member of the Silicon Valley Association of Realtors, MLS, LoopNet, Costar and Tri County Apartment Association. He graduated from Arizona State University in 2007 with a BS in Real Estate Development and in his spare time he enjoys traveling, golfing and spending time with family and friends.
Adam Levin, Executive Managing Director Investments
With more than 20 years of experience in the RE industry and over 800 successfully closed transactions valued at nearly $5 Billion, Adam Levin has established himself as the leading Bay Area apartment broker. Honored as CoStar Power Broker for the Bay Area from 2014 through the current year Adam Levin has successfully established himself as M&M's top Market-Rate Apartment agent in the country.
Adam was recognized in The Wall Street Journal as a Top 30 M&M Investment Professional Nationwide every year from 2013 through current year. He has received the exclusive Chairman’s Club Circle of Excellence award for NAA every year from 2013 on while remaining #1 in the Palo Alto office for the last four years and leading 2021 by a large margin.
Adam has achieved numerous other awards and distinctions, including the 2014-2020 CoStar Power Broker Award for Top Sales Broker in the South Bay/San Jose market, National Achievement Awards, Outstanding Sales Achievement Awards, Mentor of the Year, and the elite Palo Alto office Dealmaker Award for 2012-2020 which distinguishes the agent who closes the most transactions.
Adam is a member of the Silicon Valley Association of Realtors, MLS, Loopnet, Costar, Real Capital Markets, as well as the Tri County Apartment Association. He is also an Executive Director of NMHG and an active donator for the Housing Industry Foundation and ASPCA.
Adam graduated with a degree from UC Davis. He is an avid golfer and enjoys owning and managing a diverse portfolio of over 500 units in the Bay Area comprised of multi-family, retail, office, and self-storage properties.
ABOUT THE AUCTION PLATFORM
AUCTION CONTACT
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Turnkey MOB & Lab Space Near Downtown | 556 N 1st St
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