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Class A R&D/Office Campus
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1011 McCarthy Boulevard, Milpitas, CA 95035

Five-building campus on 20 acres near major tech companies.

Space Size61,953 SF - 89,944 SF
Days on Market331

Property Features for 1011 McCarthy Boulevard

General Information

Standard status Active
Size 61,953 SF - 89,944 SF
Property subtype FlexIndustrial

Spaces For Lease

at 1011 McCarthy Boulevard Contact us

933 Murphy Ranch Road Available

Size 61,953 SF
±61,953 SF two-story R&D/Office building. ESD Flooring in Lab Areas. Open Ceiling Shipping/ Receiving. One Grade Level Loading. Five EV chargers.
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1001 Murphy Ranch Road Available

Size 66,329 SF
±66,329 SF two-story R&D/Office building. ESD flooring in lab areas. Cafe with kitchen. One grade level loading.
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1011 McCarthy Blvd Available

Size 73,310 SF
±73,310 SF Class A R&D/Office bldg available now. Adjacent 3 bldgs, totaling ±218,226 available Q1 2026 or sooner. Existing ±15,000 SF lab with sinks & clean room infrastructure in place. Full facility back-up generator. Private elevator & freight elevator access. 14’ slab-to-slab high ceilings. Extensive window line. Steel-frame construction providing seismic stability. New HVAC system, replaced in 2021, consists of two rooftop air-cooled mammoth package units & single rooftop mounted natural gas fired boiler. New grade level loading door. 2,000 amps @ 277/480v power. Fully sprinklered.
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915 Murphy Ranch Road Available

Size 89,944 SF
±89,944 SF two-story R&D/Office building. Modern lab space with LED lighting and ESD flooring. 10' - 12' ceiling height with cloud ceiling. Training room with retractable demising wall. Restroom with showers and lockers. Covered dock platform with grade level loading and dock level loading. Five EV chargers
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Listing Agency: CBRE | San Jose
Listed By: Chip Sutherland · License #01014633
Source: Cbre
Added: Nov 22, 2025 Changed: Oct 8 Last Checked: Oct 16 at 6:46AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | San Jose

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Investment Insights

Based on property information with market context.

This Class A R&D/Office campus comprises five buildings situated on approximately 20 acres. The property offers an expansive outdoor setting suitable for company events, featuring running trails, a basketball court, and a volleyball court. Located on the North San Jose border, it resides in Milpitas's neighborhood, with corporate neighbors including Western Digital, Johnson & Johnson, and Logitech. The property provides access to I-880 and Highway 237.

Key Highlights

  • Class A R&D/Office Campus
  • Located in Milpitas' Hottest Neighborhood near Western Digital, Johnson & Johnson and Logitech
  • Great access to I‑880 and Highway 237

Property Analytics

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Current Use

Aerohive Networks, McCarthy ... Business Service Center

Suggested Use

Top Pick Auto Repair Shop Real Estate Agency Building Supply Law Firm Spa & Massage Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

691
Businesses Nearby
Well-served
Demand for This Use

Demographics for 95035, CA

80,440
Population
25,851
Households
3.1
Avg Household Size
37
Median Age
59%
College-Educated
90%
High-School Grad
22.4 sq mi
ZIP Area
3,591
Density / Sq Mi
$176,723
Median Household Income
$81,070
Median Earnings
$3,110
Median Rent
$1,180,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Milpitas, CA

$9 /SF/Yr
Avg Asking Price
$5.94–$12 /SF/Yr
Price Range
30,118 SF
Avg Space Size

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Similar Off Market Nearby

  • World Tour Cafe — 18 S Abbott Ave, Milpitas, CA 95035

Frequently Asked Questions

What type of property is this?
Flex space - Five-building campus on 20 acres near major tech companies.
Where is this flex space located?
The property is located at 1011 McCarthy Boulevard Milpitas, CA.
What are key features of this property?
This property features: Class A R&D/Office Campus; Located in Milpitas' Hottest Neighborhood near Western Digital, Johnson & Johnson and Logitech; Great access to I‑880 and Highway 237
More about this property
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