NNN LEASED INVESTMENT,MUST SEE 840 The Alameda

3,783 SF Office Building San Jose, CA 95126 $2,795,000 ($739/SF) 5.40% Cap Rate

Investment Highlights

  • - 3,783 SQFT NNN leased to Sling Shot Connections, located in the heart of San Jose off the Alameda.
  • - Property is Zoned for CP (Commercial Pedestrian District)
  • - The Tenant (Sling Shot Connections) is leased through March 30th 2029
  • - Located across the street from Whole Foods and the SAP Center.
  • - The Property has a small private parking lot located in the rear of the building.
  • - The Tenant is a reputable Staffing company within the Bay Area

Executive Summary

-Rare Opportunity for an investor to acquire a 3,783 square foot retail building in the prime of San Jose.
- The property is situation on a 0.18 acre lot which is situated on the corner of Alameda and Sunol Street.
- The property is located .2 miles from the San Jose SAP center & half that to the Whole Foods Market.
-Completely redone and modernized interior, which includes a brand-new build for the following: electrical, HVAC, lighting, as well as complete structural upgrade, new storefront, new roof, new parking lot, new ADA restroom core, new storefront, new doors, and a brand new kitchen.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Building Size
3,783 SF
Building Class
B
Year Built
1936
Price
$2,795,000
Price Per SF
$739
Cap Rate
5.40%
NOI
$150,930
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,783 SF
Building FAR
0.62
Lot Size
0.14 AC
Zoning
CP - Commercial Pedestrian District
Parking
5 Spaces (1.32 Spaces per 1,000 SF Leased)

Amenities

  • Signage
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (89)

PROPERTY TAXES

  • Listing ID: 34165689

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: 840 The Alameda, San Jose, CA 95126