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Listed by Bryan Danforth • Compass
$ 932,000
Est. payment | /mo
1,356 SqFt
$ 932,000
Est. payment | /mo
1,356 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 1,356 sqft
Price per Sqft $687
MLS Listing ID ML82000537
Year Built 2007
Lot Size 8,568 Sqft
Property Sub-Type Commercial Property
Property Description
Perfect for 1031 Exchange: Management-Free Cash Flow! NNN Leased Medical Office Condo Investment. One of the few Audiology clinics in the region offering: Audiology Evaluations and Hearing Aids based on insurance contracts and medical community referrals, Hearing Aid Programming, Fitting and Customization, and Ongoing Care, Maintenance and Cleanings. Excellent in-place income and 5% ANNUAL increases. 11 Years Remaining on NNN lease. Tenant responsible for ALL expenses and maintenance (other than HOA responsibilities, which the tenant also pays the fees for). 6.5% current cap rate, 10.59% cap rate in the final year of the lease. Excellent location for Medical Office. Next to Regional Medical Center. Surrounded by other medical offices. Easy Access to 680, 101, and downtown San Jose
Location
State CA
County Santa Clara
Area Alum Rock
Zoning A(PD)
Interior
Heating Central Forced Air
Cooling Central AC
Exterior
Parking Features Common Parking Area
Utilities Available Public Utilities
Roof Type Other
Present Use Commercial,Medical/Dental,Office
Building
Foundation Other
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 481-80-016
Security Features Other
Special Listing Condition Not Applicable
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Kalani Stone
Agent | Lic# CalBRE: 01336392