Technical
Financial
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Property profile

959 Story Rd San Jose, CA 95122

OFF-MARKET
Lifestyle centers
1,210 SF Built 2017
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Property summary

AI-generated overview

Prime San Jose retail condominium for sale at $798,600. This 1,210 square foot, two-story unit is located in the thriving Vietnam Town shopping center at 959 Story Rd Suite 5165, San Jose, CA 95122, within Santa Clara County. Built in 2017, this property offers a fantastic opportunity for business owners seeking to own their space. The unit is part of a larger complex with a mix of retail and professional office spaces, providing a diverse and vibrant business environment. The property features a 16-foot clear height (approximate) and comes with a completed restroom. Electrical service is 100 Amps, 120/208 Volt, 3-phase 4-wire. Units can be combined to create larger spaces, offering flexibility for expanding businesses. The convenient location provides easy access to Highways 101, 280, and 680, as well as Mineta San Jose International Airport. SBA financing is available, allowing for potentially low down payments. A lease-to-own option is also available for upstairs units, with a lease rate as low as $2.00 per square foot NNN, including a six-month base rent concession and a three-year lease term. The purchase price is locked in, with the buyer able to exercise the purchase option within two years. This is an exceptional opportunity to own a newly built commercial property in a high-growth area, eliminating ongoing lease payments and providing long-term investment potential. The property's APN is 472-47-237. Occupancy is available March 14, 2024.

Property profile

Verified
Property type Lifestyle centers
Year built 2017
Total area 1,210 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Spa & Massage Center

Location

959 Story Rd San Jose, CA 95122
San Jose metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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