Listed by Avison Young - Palo Alto - Silicon Valley
$4,495,000
885 S 1st. Street
Details
APN 264-36-075: 264-36-074
Property Type Retail, Multifamily
Sub Type Executive Office, Apartment Building
Square Footage 7,250
Units 7
Cap Rate 7.55%
NOI $341,106
Occupancy 100%
Lease Type NNN
Price per SqFt $620
Year Built 1930,1972
Lot Size (SqFt) 10,198
Zoning MUC (Mixed Use Commercial)
Parking Spaces 9 spaces
Parking Per SqFt 1.24
Retail | 7.55% CAP | 7,250 SqFt
Marketing description
For Sale
Investment highlights
- Building must be sold together
- Prime signalized corner intersection
- Excellent development opportunity
- Stable income with excellent upside
- Located in rapidly growing San Jose neighborhood
- Excellent long-term investment
- Immediate access to a wide range of public transportation options
- Fully leased apartment units in highly desirable location
- Nicely appointed fully furnished apartments
- All utilities included in the monthly rent
- Excellent access to many different public transportation options
- Strong rental market with rising rents for apartments
- Located in one of the fastest growing markets in the Bay Area
- All 5 residential units are fully leased
- 889-899 S. 1st Street & 15 Oak Street
- Roll Up Doors: None
- Electrical Meters: 7 seperate electrical meters
- Gas in Building: Yes
- Fire Sprinklers: No
- Water Meter: 1 meter for each 15 Oak & 899 1st
- Floors: Two Story Building
- 885 S. 1st Street
- Roll Up Doors: None
- Electrical Meters: 1 electrical meter
- Gas Meter: 1 Gas Meter
- Fire Sprinklers: No
- Water Meter: 1 Water Meter
- Floors: One Story Building
- Opportunity Zone No
- Combined Building Size 7,250 SF
- Corner Building 5,250 SF (7.47% Cap Rate)
- Inlying Building 2,000 sf (7.90% Cap Rate)
- Both Buildings are 100% Leased
- Cap Rate 7.55%
- Cap Rate On Actual Current Income
Listing Contacts
Listed by Avison Young - Palo Alto - Silicon Valley
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$341,106.00
$28,425.50/mo
Valuation Metrics
0
DSCR
7.59%
Cap Rate
7.59%
ROI
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