Industrial Flex Building with
For Sale
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150 Nortech Pkwy, San Jose, CA 95134
Industrial flex space featuring new 100% HVAC, private offices, conference room, and open lab/manufacturing/warehouse area.
Property Size40,420 SF
Price / SF$385
Days on Market215
Property Features for 150 Nortech Pkwy
General Information
Standard status
Active
Size
40,420 SF
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Berryessa
Amenities
high image clear glass entryway
breakroom with outdoor seating
private offices
conference room
Listing Agency:
Cushman & Wakefield | San Jose
(408) 615-3400
Listed By:
Steve Pace
(408) 615-3419
Source:
Moodyscre
Added: Apr 1
Changed: Oct 25
Last Checked: Nov 1 at 7:14AM
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 Cushman & Wakefield | San Jose
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Investment Insights
Based on property information with market context.
Industrial flex building offering a clear-glass entry with new high-image frontage, along with a recently improved interior including a breakroom with outdoor seating. The space also includes new private offices and a conference room designed with multiple doors and 10’ ceilings.
The building includes an open area intended to support lab, manufacturing, and warehouse use, with new 100% HVAC throughout. With this mix of enclosed office space and open operational areas, the property is suited for tenants looking for flexible industrial layout options under one roof.
Overall, the improvements focus on modern office functionality and serviceable production and storage space, coordinated by a full HVAC system.
The building includes an open area intended to support lab, manufacturing, and warehouse use, with new 100% HVAC throughout. With this mix of enclosed office space and open operational areas, the property is suited for tenants looking for flexible industrial layout options under one roof.
Overall, the improvements focus on modern office functionality and serviceable production and storage space, coordinated by a full HVAC system.
Key Highlights
- New 100% HVAC
- New high‑image clear glass entryway
- New private offices and conference room with 9’ doors and 10’ ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$819,221
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,384,420
$16.4M
Cap Rate 7%
$11,703,157
$11.7M
Cap Rate 9%
$9,102,456
$9.1M
Market Conditions
NOI Build-Up for 40,420 SF
Gross rent
$1.04M $25.80/SF
− Vacancy
−$79.0K −$1.96/SF
EGI
$963.8K $23.84/SF
− OpEx
−$144.6K −$3.58/SF
NOI
$819.2K $20.27/SF
Area
San Jose, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,384,420
Cap Rate 7%
$11,703,157
Cap Rate 9%
$9,102,456
Alternative Uses
Best Use
Warehouse
$11.70M
$10.24M – $13.65M
NOI $819,221 @ 7.0% cap · market cap 5.26%
Second Best
Flex RnD
$10.75M
$9.41M – $12.54M
NOI $752,558 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$24.41M
$21.36M – $28.48M
NOI $1,708,761 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 95134, CA
29,746
Population
14,688
Households
2
Avg Household Size
32
Median Age
77%
College-Educated
97%
High-School Grad
10.8 sq mi
ZIP Area
2,754
Density / Sq Mi
$196,847
Median Household Income
$125,284
Median Earnings
$3,272
Median Rent
$371,200
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex space featuring new 100% HVAC, private offices, conference room, and open lab/manufacturing/warehouse area.
Where is this flex space located?
The property is located at 150 Nortech Pkwy San Jose, CA.
What is the asking price?
The asking price for this property is $15,561,700.
What are key features of this property?
This property features: New 100% HVAC; New high‑image clear glass entryway; New private offices and conference room with 9’ doors and 10’ ceilings
