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521 San Jose Ca 95131 San Jose, CA 95131

Sponsored
For Sale
$2,127,125

5,005 SF NNN Leased Industrial Building

Property size:
5,005 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
Exceptional investment opportunity: a 5,005 square foot, single-tenant, Class B industrial flex space located at 521 Charcot Ave, Suites 211, San Jose, CA 95131, within Santa Clara County. This property boasts a 4.70% cap rate and is currently 100% occupied by a credit-rated tenant under a Net Lease (NNN) agreement. The lease term extends to August 31, 2026, with rent bumps included. The tenant is responsible for all utilities, property taxes, and association dues, with any increases passed through. The building, constructed in 2008, features a single story with 18-foot ceilings and is zoned PD. Priced at $2,127,125 ($425/SF), this property presents a strong investment opportunity, particularly for 1031 exchange considerations. The property is part of a dynamic business center, including a clubhouse/showroom, and accommodates various uses, including office, retail, auto, and light industrial. While the tenant's primary business is automotive-related, the facility also houses a variety of non-automotive businesses. The building offers a secure environment, ideal for storing and showcasing vintage and collectible cars (subject to restrictions). There are no lease options available for renewal. The lot size is not specified.

Property Features for 521 San Jose Ca 95131

General Information

Property type
Flex space
Square Feet
5,005 SF
Class
B

Building Details

Year Built
2008
Stories
1

HighLights

  • Strong credit tenant with a Net Lease (NNN) agreement.
  • Lease term expiring August 2026.
  • Tenant responsible for all property taxes and CAM charges.
  • Located in a prime Silicon Valley business center.
  • Features a 10,000 SF clubhouse/showroom.
  • 20' clear height ceilings.
Property Profile Location Intelligence

Current Use by Public Records

Flex space

Map

City
San Jose
County
Santa Clara
State
California
Longitude
-121.91406364178
Latitude
37.384786507392

FAQs

What type of property is this?
Flex space - 5,005 SF NNN Leased Industrial Building
Where is this flex space located?
The property is located at 521 San Jose Ca 95131 San Jose, CA.
What is the asking price?
The asking price for this property is $2,127,125.
What are key features of this property?
This property features: Strong credit tenant with a Net Lease (NNN) agreement.; Lease term expiring August 2026.; Tenant responsible for all property taxes and CAM charges.
More about this property
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