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Class A R&D Flex Building
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1011 McCarthy Blvd, Milpitas, CA 95035

Existing 15,000 SF lab space with sinks and clean room infrastructure in a Class A R&D flex building.

Property Size73,310 SF
Lot Size20.00 Acres
Days on Market744

Property Features for 1011 McCarthy Blvd

General Information

Standard status Active
Size 73,310 SF
Net Rentable 73,110 SF
Class Class A
Elevators Yes
Lot size 20.00 Acres
Property subtype FLEX_R_AND_D

Space & Availability

Available Space 73,110 SF
Contiguous Space 73,110 SF
Space Use Flex

Warehouse & Industrial

Clear Height 14 ft
Drive-In Doors 1
Power 2,000 amps
Voltage 480 V
Three-Phase Power Yes
Sprinkler System Yes

Amenities

Back-Up Generator
Private Elevator
Freight Elevator
EV Charging Stations
Building Signage Opportunity
Outdoor Collaboration Areas

Building Details

Building Size 73,110 SF
Construction steel frame
Parking Ratio 3 per 1,000 SF
Listing Agency: CBRE | San Jose
Listed By: Sherman Chan · License #01014633
Source: Moodyscre
Added: Jul 18, 2024 Changed: Jul 30 Last Checked: Jul 30 at 2:58AM

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

Investment Insights

Based on property information with market context.

Class A R&D flex building totaling 73,310 SF with an existing 15,000 SF lab space featuring sinks and clean room infrastructure in place. The facility is fully sprinklered and supported by a full facility back-up generator. Access includes a private elevator and a freight elevator, with 14’ slab-to-slab high ceilings and an extensive window line.

The building is steel-frame construction designed to provide seismic stability. HVAC was replaced in 2021 and consists of two rooftop air-cooled mammoth package units plus a single rooftop mounted natural gas-fired boiler. A new grade level loading door serves operations, and the site provides 2,000 amps at 277/480V power.

Set on a 20-acre campus with collaboration areas for outdoor company events, the property also offers a building signage opportunity and dual EV charging stations. Parking is described at a 3/1,000 parking ratio.

Key Highlights

  • 73,310 SF Class A R&D flex building with an existing 15,000 SF lab
  • Existing lab space includes sinks and clean room infrastructure in place
  • Full facility back‑up generator plus fully sprinklered system

Property Analytics

Current Use

Aerohive Networks, McCarthy ... Business Service Center

Suggested Use

Top Pick Storage Facility Garden Center Law Firm (Bike/Boat/Book/etc) Store Pharmacy Building Supply

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

14 ft
Clear height
1
Drive-in doors
Yes
Sprinkler system
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

585
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

Market

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
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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 - Existing 15,000 SF lab space with sinks and clean room infrastructure in a Class A R&D flex building.
Where is this flex space located?
The property is located at 1011 McCarthy Blvd Milpitas, CA.
What are key features of this property?
This property features: 73,310 SF Class A R&D flex building with an existing 15,000 SF lab; Existing lab space includes sinks and clean room infrastructure in place; Full facility back‑up generator plus fully sprinklered system
(408) 453-7410 Call to check price and availability
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