155 S Milpitas Blvd Milpitas, CA 95035
- Life science properties
- 39,218 SF
- 2.33 lot acres
Current Use by Public Records
- Life science properties
Property Details for 155 S Milpitas Blvd
- Year built
- 1997
- Lot size
- 2.33 lot acres
- Property size
- 39,218 SF
- Zone code
- M2
- Property type
- Life science properties
- APN
- 086-39-034
- APU
- 8639034
Description
This exceptional 42,039-square-foot industrial property, located at 155 S Milpitas Blvd, Milpitas, CA 95035, presents a unique opportunity. The Class B building, constructed in 1996 and renovated in 2010, offers flexible space ideal for flex or R&D uses. The property features a single two-story building with a 16-foot ceiling height, one elevator, and two drive-in doors. The space is divisible, with minimum leasable space of 5,943 square feet and maximum contiguous space of 42,039 square feet. The first floor comprises 22,081 square feet, combining lab, office, and warehouse space, while the second floor offers 19,958 square feet of 100% office space. Divisibility options on the second floor include 6,422, 6,461, or 7,075 square feet. Ample parking is available at a ratio of 3.52 spaces per 1,000 square feet. The property boasts 2000A power and is zoned M2. The building's floor area ratio (FAR) is 0.41. A special incentive is available for a full building or full floor lease signed by August 2024, offering a net-net-net (NNN) rent of $2.00 for the first year of a five-year lease term. This prime Milpitas location offers easy access to major transportation routes. The APN is 086.39.022 086.39.029.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Milpitas
- County
- Santa Clara
- State
- California
- Longitude
- -121.898
- Latitude
- 37.4295
- CBSA code
- 41940
- CBSA name
- SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
