1190-1214 Norman Ave Santa Clara, CA 95054
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 1190-1214 Norman Ave
- Lot size
- 1.53 lot acres
- Property size
- 30,240 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a two-building, 30,240-square-foot multi-tenant industrial portfolio in Santa Clara, CA. Located within two minutes of Montague Expressway, this property boasts a 6.24% cap rate and a total Net Operating Income (NOI) of $780,606. The portfolio comprises two buildings situated on separate 1.53-acre parcels, each offering unique investment potential. Building 1190-1214 Norman Ave features 13' clear heights, 63 parking spaces, and a NOI of $532,335, with a cap rate of 5.75% and a price per square foot of $459. Building 1250-1262 Norman Ave also offers 13' clear heights, 63 parking spaces, and a NOI of $248,270, with a 5.75% cap rate and a price per square foot of $429. The property is currently 100% occupied, primarily by automotive tenants. Both buildings are zoned for Low Intensity Office/R&D use. This offering presents a rare chance to acquire a high-performing industrial asset in the desirable Bay Area market. The property is offered at $12,500,000, with a price per square foot of $413. Each building can be sold individually or as a combined portfolio. Significant capital improvements were recently completed. Almost all units include private bathrooms.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Clara
- County
- Santa Clara
- State
- California
- Longitude
- -121.954
- Latitude
- 37.3855
