226 W Alma AVE, San Jose, CA 95110

$4,600,000

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List Price
$4,600,000
MLS#
ML82059661
Status
ACTIVE
Property Type
com
Lot Size
28,314
Listing Area
Central San Jose
Year Built
2008

Property Description

Rare 100% occupied NNN retail/medical strip center offered at a 5.80% cap rate. Priced at $4,600,000, this 9,680 SF property features five (5) established tenants on triple-net leases, providing a landlord-favorable, low-management income stream. Tenants include a national fast-food franchise (Pizza Hut), a national wireless carrier (Metro by T-Mobile), a medical/wellness provider (Healing Grove), and two local service retailers delivering a diverse, credit-quality tenant mix. All tenants are individually metered and responsible for their own utilities, taxes, insurance, and CAM reimbursements. Built in 2008, the property features a modern concrete slab construction, flat roof with rooftop package HVAC units per suite, and approximately 36 on-site parking spaces. Ideally located on W. Alma Avenue at Almaden Expressway in San Jose, offering excellent visibility and accessibility. Current NOI of $266,870. Do not disturb tenants. All tours by appointment only.

Additional Information

Acres
0.65
Age
18
Cooling System
Central AC
Foundation
Concrete Slab
Garage Parking
Assigned Spaces, Common Parking Area, Drive Through, Lighted Parking Area, Uncovered Parking, Varies by Unit
Heating System
Forced Air
Lot Size
28,314
Neighborhood
Central San Jose
Other Utilities
Individual Electric Meters, Individual Gas Meters
Present Use
Office, Retail
Roof
Composition, Flat / Low Pitch
Sewer
Sewer - Public
Special Features
Bathroom Features, Parking, Wheelchair Access, Wide Halls / Doors (3 Ft +)
Zoning
CP

Mortgage Calculator

Amount of Loan
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Jake Anthony from MJA Equity Investments, Inc.. 650-787-6707

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