Industrial Flex Building with
150 Nortech Pkwy San Jose, CA 95134
For Sale
Contact for pricing
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 Market120
Property Features for 150 Nortech Pkwy
General Information
Standard status
Active
Size
40,420 SF
Property subtype
INDUSTRIAL
Listing Agency:
Cushman & Wakefield | San Jose
(408) 615-3419
Listed By:
Steve Pace
Source:
Moodyscre
Added: Apr 1
Changed: Jul 26
Last Checked: Jul 29 at 1:08PM
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
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.04M | $25.80 |
| − Vacancy | −$79.0k | −$1.96 |
| EGI | $963.8k | $23.84 |
| − OpEx | −$144.6k | −$3.58 |
| NOI | $819.2k | $20.27 |
40,420 SF · lease $25.80/SF/yr · vacancy 7.58% · expense 15.00%
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.
Property Analytics
Location Intelligence
Current Use
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
