Current Use by Public Records
- Zeidler Dental Group / Dental Office
- Cyndi Chen DDS / Dental Office
- Dr. Brendon J. Zeidler, DDS / Dental Office
- Zeidler Gary R DDS / Dental Office
- Dr. Clayton G. Zeidler, DDS / Dental Office
Property Details for 5150 Graves Ave
- Year built
- 1964
- Lot size
- 0.30 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
This exceptional investment opportunity presents two, two-story medical office buildings totaling 14,628 square feet situated on a 0.3-acre lot in San Jose, CA (95129). The property, known as West Valley Professional Center - Buildings 11 & 12, boasts 16 units with 96% occupancy and a current NOI of $337,897, translating to a 4.51% cap rate. A pro-forma NOI of $382,690 projects a 5.11% cap rate, showcasing significant value-add potential. Built in 1964, these well-maintained buildings feature a multi-tenant lease structure (gross lease type) with a diverse mix of 16 medical and dental tenants. The property benefits from a prime location in West San Jose, conveniently close to shopping, dining, and other retail amenities. Rent increases are tied to CPI, with a minimum 3% and maximum 5% annual adjustment. The permitted zoning is PD, and the net rentable square footage is 14,155 square feet, with an asking price of $7,488,000 ($511.89 per square foot). This presents a compelling opportunity for investors seeking a stable, high-performing medical office portfolio in a thriving Silicon Valley location. The property's strong tenant base, favorable lease terms, and significant upside potential make it an attractive investment.
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Location Insight
- Map
- Local Demand
- City
- San Jose
- County
- Santa Clara
- State
- California
- Longitude
- -121.993
- Latitude
- 37.2935
