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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.

Property Size291,536 SF
Days on Market251

Property Features for 1011 McCarthy Boulevard

General Information

Standard status Active
Size 291,536 SF
Property subtype FlexIndustrial
Listing Agency: CBRE | San Jose
Listed By: Chip Sutherland · License #01014633
Source: Cbre
Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Jul 30 at 4:04AM

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.

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

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

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
  • Tech Lunch Corporate Catering — 187 S Main St, 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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