Turnkey Mixed-Use Medical w/ In-Place Income 652-670 E Santa Clara St 6,825 SF 73% Leased Office Building Online Auction Sale San Jose, CA 95112

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Auction On April 7 - 9, 2025
07 DAYS d
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Auction Starts
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Auction Ends
Finalizing
$700,000
Starting Bid
--
Current Bid
Current Purchase Price
$250,000
Bid Increment
Status
Reserve Not Met
In Progress
395,857
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Virtual Tour

INVESTMENT HIGHLIGHTS

  • This versatile mixed-use facility includes cash-flowing medical offices and residential apartments, and a turnkey dental space for a new owner/user.
  • Conveniently accessible via the 101, the 280/680/880 Freeways, and the San Antonio Light Rail Station, the property offers quick and easy commutes.
  • Supported by a 5-mile population exceeding 266,000, delivering $8.1B in total consumer spending in 2024, with $346M in healthcare spending.
  • Unbeatable corner location sits near top amenities and is minutes from Downtown San Jose, San Jose State University, and Regional Medical Center.
  • Available dental suite boasts upscale fixtures, a finished reception room, a patient care room with 4 operatories.

EXECUTIVE SUMMARY

Tours will be offered next Wednesday, April 2nd at 12:00pm - 1:15pm.

Avison Young invites medical practitioners and investors to seize this turnkey mixed-use office and residential facility with an unparalleled location in San Jose’s Central Business District (CBD) at 652-670 E Santa Clara Street. The expertly maintained building offers five medical office suites and two residential units for a total of 6,825 square feet. The site’s general commercial zoning also facilitates a variety of office or retail uses.

652-670 E Santa Clara Street provides an income-producing investment with top-quality features. Delivered approximately 73% occupied by a diverse tenant mix, the building is home to an insurance agent and skin doctor, a laser skin care studio, and a medical services business. The current owner-operator will be vacating a 1,527-square-foot dental suite at closing, allowing a user in a similar business to immediately occupy the space while collecting solid going-in income from the existing tenancy. The suite boasts upscale fixtures across a large reception room, a private office, a large lab/ sterilization room, and four operatories, including two that are fully operational. The remaining two are fully plumbed and ready for chairs and equipment, allowing a new owner to convert them to operational rooms in just a day or two, expanding the number of patients a practice can serve each day. Other desirable features include 300 square feet of dedicated storage space, an on-site washer and dryer, and an equipment room for storing the vacuum, air compressor, and amalgam separator. The dental space can be easily converted to any other medical or professional office. The space is defined by its attractive Spanish-influenced exteriors, a four-car parking garage, and bright interiors with large windows and anti-scratch flooring.

652-670 E Santa Clara Street places businesses in a highly visible and easily accessible location just off the main commercial corridor of Downtown San Jose. More than 18,000 vehicles pass by the property each day, delivering robust brand exposure. The building is close to the 101, 280, 680, and 880 Freeways and the San Antonio Light Rail Station, providing convenient access for commuting employees or clients. The area provides national shopping and dining options nearby, including Whole Foods, Walgreens, Starbucks, Subway, Chipotle, 7-Eleven, and many more. An immense built-in customer base surrounds the property, driven by the nearby San Jose State University, with over 36,000 enrolled students and 3,500 staff, and a 5-mile population exceeding 266,000. The San Jose Regional Medical Center also sits just 10 minutes away, empowering synergistic healthcare businesses.

Sitting just five minutes from the city center, employees and clients at 652-670 E Santa Clara Street have easy access to the area’s best-in-class shopping, dining, nightlife, and recreation across Downtown San Jose. Situated in the heart of Silicon Valley, Downtown San Jose is the city’s cultural core. The neighborhood comprises a slew of museums, theaters, bars, restaurants, and shops. Among the many attractions in Downtown San Jose are Tech Interactive, the San Jose Center for the Performing Arts, the San Jose Convention Center, and the Children’s Discovery Museum of San Jose.

OFFERING MEMORANDUM Click Here to Access

DATA ROOM Click Here to Access

MARKET ANALYTICS Click Here to Access

$99,999

Asset Value

$99,999

12 Month Sales Volume

12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
-
-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
-
-
Transacted SF
999
999
999
Average SF
999
999
999

9.9%

Market Cap Rate

9.9%

Market Sale Price/SF Change (YOY)

12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/SF
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
-
-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-

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

Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Size
6,825 SF
Building Class
C
Year Built/Renovated
1945/2007
Percent Leased
73%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,413 SF
Building FAR
0.98
Lot Size
0.16 AC
Zoning
C3 SJ - The property is zoned CG (Commercial General). Allowed uses include dental/medical uses, general office, business support, hotel/motel, general retail
Parking
4 Spaces (0.59 Spaces per 1,000 SF Leased)

AMENITIES

  • Reception
  • Partitioned Offices
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (92)

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2024 Population
45,041
266,286
617,114
2020 Population
46,587
278,623
651,858
2029 Population
43,470
256,383
592,956
2024-2029 Projected Population Growth
-3.5%
-3.7%
-3.9%
Daytime Employees
26,178
144,153
333,401
Total Businesses
2,693
16,026
34,940
Average Household Income
$109,735
$131,937
$145,393
Median Household Income
$75,043
$98,797
$114,849
Total Consumer Spending
$498.3M
$3.2B
$8.1B
Median Age
32.9
36.7
38.0
2024 Households
15,330
85,355
197,245
Percent College Degree or Above
20%
20%
22%
Average Home Value
$890,196
$847,575
$893,160

ZONING

Zoning Code C3 SJ (The property is zoned CG (Commercial General). Allowed uses include dental/medical uses, general office, business support, hotel/motel, general retail)

PROPERTY TAXES

SALE ADVISORS

SALE ADVISORS

(650) 425-6418
Contact
Lloyd Bakan, Principal
(650) 425-6418
Contact
Lloyd H. Bakan is a 35-year industry veteran who joined Avison Young as a principal of the company in 2014.  Lloyd was previously an Executive Vice President of Coldwell Banker Commercial, with prior experience including a wide range of investment sales, landlord representation, acquisition, development, and finance.  Lloyd has an impressive track record of closed real estate transactions valued in excess of $2 billion dollars.  Lloyd has led major projects, including build to suit transactions, master plans  and incentive negotiations for Tetra Tech, John Hancock, Hasbro, LA Fitness, ING Direct, Arthur Anderson, New World Pictures and the University of California, Los Angeles.  An expert in office and retail investment sales, Lloyd has led the disposition efforts of major office and retail projects throughout California including the sale of 100 Wilshire Boulevard, a 250,000 square foot office building.

Mr. Bakan has been recognized as the #1 Sales Professional in the country, #1 Leasing Professional in the country three years in a row, the #1 Broker in California on three different occasions, and in 2009 was recognized as the #1 Global Producer for the entire company.  His outstanding achievements in selling and leasing commercial real estate earned him the company’s most prestigious award, the Platinum Circle of Distinction Award, 12 years in a row. Lloyd was the only agent in all of Coldwell Banker Commercial to achieve this status.

As Principal of Avison Young, Lloyd continues to provide his clients with “best in class” service.  Recognized as a consistent top producer in his industry, Lloyd prides himself on offering his clients global real estate knowledge, while providing highly personalized attention on a local level.
(650) 678-8421
Contact
Wendy Leung, Vice President, CCIM
(650) 678-8421
Contact
Wendy's specialty is in working with clients in San Mateo County and the Greater Bay Area with multi-national requirements in the areas of commercial real estate leasing and investment sales.  Prior to joining Avison Young as a Vice President, she was with Colliers International for the past decade.  Previous to that, she has had 18+ years of business experience in sales, account management, and business development in telecommunication, computer, and retail banking industries.  During her professional sales career, she has been recognized for outstanding achievement based on the volume of transactions & quality of service to her clients.

Her sales honors have included high achievement awards at MCI for Masters II sales & service, Rock the World sales, National Blitz Day sales contest, and service recognition at First Interstate Bank for the first “Going the Extra Mile” service award, “Rookie of the Year” for San Mateo County  and “Broker of the Month” for the Peninsula office at Colliers International. In addition, she was the first female broker to earn her CCIM designation at Colliers International in the State of California.

ABOUT THE AUCTION PLATFORM

Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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AUCTION CONTACT

Mary Humphreys
Auctioneer License: Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
  • Listing ID: 28251572

  • Date on Market: 2/20/2025

  • Last Updated:

  • Address: 652-670 E Santa Clara St, San Jose, CA 95112