1150 Old Bayshore Hwy San Jose, CA 95112

Property Details for 1150 Old Bayshore Hwy

Year built

1938

Construction

WOOD FRAME

Lot size

0.12 lot acres

Property size

1,242 SF

Zone code

M4

Property type

Industrial properties

APN

237-07-005

APU

23707005

Description

This 14,490 square foot warehouse in San Jose, CA, presents a compelling value-add investment opportunity. Located at 1150 Old Bayshore Hwy, 95112, in Santa Clara County, this single-tenant property sits on a 0.76-acre lot and features a 16-foot ceiling height and two loading docks. Currently leased to FleetPride, a major heavy-duty parts distributor, until November 1, 2028 (3.9 years remaining), the property offers a gross lease with a current NOI of $150,000 and a 3.75% cap rate. However, significant value-add potential exists, with a pro-forma NOI projected at $325,000 and a pro-forma cap rate of 8.12%. The asking price is $4,000,000 ($276.05/sq ft). The property is zoned for heavy industrial use, making it suitable for a variety of industrial applications. This is a rare opportunity to acquire a well-located, income-producing asset with substantial upside potential in a strong California market. The tenant, FleetPride, is the largest independent heavy-duty parts distributor in the nation, providing stability and long-term growth prospects. This property offers a strong combination of current income and future appreciation potential.