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26857124
26857125

1610 Crane Ct, San Jose, CA 95112

LB
CA CA 01936688
Avison Young - San Francisco
Listed by Avison Young - San Francisco
$30,000,000
272 days on market
Updated 93 days ago

24 Hour Fitness

Details
APN 237-16-069
Property Type Retail
Sub Type Fitness Center
Square Footage 77,300
Cap Rate 6.44%
NOI $1,931,064
Occupancy 100%
Tenancy Single
Brand/Tenant 24 Hour Fitness
Lease Type Net
Lease Term 20
Lease Expiration 01/24/2029
Remaining Term 2.6
Lease Options (2) 5-Year
Price per SqFt $388
Year Built 1980
Year Renovated 2009
Buildings 1
Stories 2
Acreage 5.650
Zoning TEC
Parking Spaces 469 spaces
Parking Per SqFt 6.07
Investment Type Net Lease
Lease Commencement 01/24/2009
Occupancy Date 06/01/2026

Net Leased | 6.44% Cap | Fitness Center

Marketing description

1610 Crane Court is 100% leased to 24 Hour Fitness under a NNN lease

through January 2029, providing stable, long-term income from a nationally

recognized tenant. The property is well-equipped with 3,000 amps of

power, high ceilings, and plentiful parking, offering exceptional capacity for

a wide range of future uses, including office, R&D, or advanced industrial

applications.

Located in the heart of North San Jose, the asset benefits from excellent

accessibility via U.S. 101, I-880, and proximity to San Jose International

Airport, making it highly attractive to both tenants and investors. With

a strong credit tenant in place and infrastructure that supports future

adaptability, 1610 Crane Court presents a secure cash-flowing investment

with long-term upside potential.

Investment highlights

  • NNN lease structure providing investors with predictable, low-maintenance cash flow

    through January 2029, minimizing landlord responsibilities while ensuring steady

    returns.

  • Situated on a 5.65-acre parcel, the property offers substantial land coverage and

    flexibility for future redevelopment, whether for hospitality, higher-density office, R&D,

    industrial, or mixed-use projects.

  • Immediate access to US-101 and I-880, is less than 10 minutes from San Jose

    International Airport, and sits within one of Silicon Valley’s most dynamic employment

    corridors, surrounded by leading technology and innovation companies.

  • The property is surrounded by some of Silicon Valley’s largest employers, including

    Google, PayPal, Apple and SuperMicro, creating a deep base of innovation-driven

    companies that support long-term tenant demand.

Listing Contacts

LB
CA CA 01936688
Avison Young - San Francisco
Listed by Avison Young - San Francisco

Valuation Calculator

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$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,931,064.00
$160,922.00/mo

Valuation Metrics

0
DSCR
6.44%
Cap Rate
6.44%
ROI

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Additional Information

Name
Laef Barnes
License
CA 01936688
Brokerage
Avison Young
Brokerage Phone
4153493505
Title
Vice President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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