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Property profile

1600 Duane Ave Santa Clara, CA 95054

FOR LEASE
Office buildings
Property ID
US09-0956292
35,898 SF 1.29 ac lot Built 2017
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 12,000-square-foot office space, located at 1600 Duane Avenue in Santa Clara, California (zip code 95054), presents a unique opportunity for businesses seeking a prestigious location in the heart of Silicon Valley. The property is part of a larger, three-story, 36,000-square-foot Class B building constructed in 2017. This single-tenant space offers a sophisticated and modern environment, featuring brand-new furnishings, carpeting, lighting, and fixtures. Amenities include a spacious multi-purpose meeting room, a well-equipped breakroom, an inviting reception area, and three impressive conference rooms with floor-to-ceiling glass panels. The building's strategic location offers unparalleled visibility and accessibility. Situated directly adjacent to Highway 101, it provides effortless commutes and prominent signage opportunities. Furthermore, its proximity to San Jose International Airport (one mile north) and Santa Clara Square (one mile south) ensures convenient travel and access to a wide array of retail and entertainment options along Great America Parkway. The building benefits from attentive on-site ownership, ensuring responsive service and a commitment to tenant satisfaction. This property is ideal for businesses seeking a modern, well-appointed space in a thriving tech community, surrounded by industry leaders such as Adobe, Apple, Cisco, and Google. The property is categorized as Traditional Office, Executive Office, Coworking, Medical Office, and Creative Office space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2017
Total area 35,898 SF
Lot 1.29 ac (56,190 SF)
Zoning code ML
APN 224-42-001
UPID US09-0956292

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
  • Employment Agency
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Employment Agency
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

1600 Duane Ave Santa Clara, CA 95054
Santa Clara metro Census 505202 SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$12.36M

Owner & transaction history

since 2014
7 recorded transactions
2019
Price N/A
2018
Price N/A
2016
Price N/A
2014
$5.5M
2012
Price N/A
2009
$3.0M
2009
Price N/A

Zoning & alternative use

ML · Santa Clara, CA
Zoning description

this chapter, permitted uses of the ML light manufacturing district are allowed, and none of the other sections of this chapter shall apply to such building and use, until such time as the existing use (including any exp…

General category INDUSTRIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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