Corning Avenue Milpitas, CA 95035
Two-story office building with value-add potential in Milpitas.
Type:Commercial
Property size:
20,939 SFLot size:
0.68 AcresPrice / SF:
$190/SF- Added:
- Apr 22, 2025
- Days on Market:
- 374
- Last Refresh:
- Apr 5 at 8:55 pm
Property Features for Corning Avenue
General Information
- Standard status
- Active
- Size
- 20,939 SF
- Lot size
- 0.68 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing agent MELINDA COLLINS License #01178494,PersonLicenseNumber
Listing office NEXTHOME AXIS REALTY (408) 854-0828
Listing date Apr 22, 2025
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of NEXTHOME AXIS REALTY
Overview
Milpitas Office Building Investment Opportunity
This two-story office building, totaling 20,939 square feet, presents an investment or owner-user opportunity in Milpitas. The property is located on a prominent corner lot and features 32 suites. The current occupancy rate is 89%, with a diverse tenant mix of professionals and small businesses. The gross scheduled income is $34,717 per month, or $416,606 annually. There is immediate value-add potential through converting lease terms from Gross to NNN and adjusting rents to market rates. The property has ample on-site parking. It is located near I-880, I-680, BART, VTA, and major retail centers, including the Great Mall. Opportunities exist to upgrade the HVAC and electrical systems, improve water efficiency to reduce operating costs, and implement green building features. Vacant spaces can be leased, and underperforming suites can be repositioned at market rates. This property is suitable for investors seeking asset appreciation or owner-users looking to secure premium office space.
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Milpitas
- County
- Santa Clara
- State
- California
- Longitude
- -121.906
- Latitude
- 37.4245
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FAQs
What type of property is this?
Office building - Two-story office building with value-add potential in Milpitas.
Where is this office building located?
The property is located at Corning Avenue Milpitas, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Immediate value‑add potential through lease conversions and rent adjustments.; Prime location near major transportation and retail centers.; **20,939 SF two‑story office building** on corner lot.
