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Luchessi Drive Retail 1123-1125 Luchessi Dr 4,275 SF 100% Leased Retail Building San Jose, CA 95118 $4,093,985 CAD ($957.66 CAD/SF) 5.17% Cap Rate
Investment Highlights
- 100% Occupied – Immediate Cash Flow
- Adjacent Property Also Available
- Strong In-Place Income with Upside Potential
Executive Summary
High-performing, 100% occupied residential income asset in a prime San Jose rental pocket, delivering immediate cash flow from day one. This is a true turnkey investment with strong in-place income and proven tenant demand, minimizing downtime and operational risk.
Positioned for both yield-focused and value-add investors, the property offers clear upside through rent adjustments and long-term appreciation in one of Silicon Valley’s most supply-constrained markets. Assets with this level of stability and occupancy rarely come to market in this submarket.
Rare scale opportunity: The adjacent property at 1131 Luchessi Dr is also available, allowing investors to secure side-by-side assets and immediately increase unit count, operational efficiency, and long-term portfolio value. Opportunities to acquire contiguous properties in this location are extremely limited.
This offering is ideal for 1031 exchange buyers and investors seeking secure, income-producing real estate in a high-demand rental corridor. Expect strong interest.
Positioned for both yield-focused and value-add investors, the property offers clear upside through rent adjustments and long-term appreciation in one of Silicon Valley’s most supply-constrained markets. Assets with this level of stability and occupancy rarely come to market in this submarket.
Rare scale opportunity: The adjacent property at 1131 Luchessi Dr is also available, allowing investors to secure side-by-side assets and immediately increase unit count, operational efficiency, and long-term portfolio value. Opportunities to acquire contiguous properties in this location are extremely limited.
This offering is ideal for 1031 exchange buyers and investors seeking secure, income-producing real estate in a high-demand rental corridor. Expect strong interest.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,275 SF
Building Class
B
Year Built
1973
Price
$4,093,985 CAD
Price Per SF
$957.66 CAD
Cap Rate
5.17%
NOI
$211,497 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.38 AC
Zoning
CP - Allows Retail, Office, Medical Office, Financial Services, Spa, Personal Services, and Other Uses
Parking
19 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Serenity Day Spa
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Sol Tan Tanning Salon
- Services
-
99,999 SF
-
$9.99
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Serenity Day Spa | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Sol Tan Tanning Salon | Services | 99,999 SF | $9.99 | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 569-01-031 | Improvements Assessment | $327,004 CAD |
| Land Assessment | $879,185 CAD | Total Assessment | $1,206,189 CAD |
Property Taxes
Parcel Number
569-01-031
Land Assessment
$879,185 CAD
Improvements Assessment
$327,004 CAD
Total Assessment
$1,206,189 CAD
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Luchessi Drive Retail | 1123-1125 Luchessi Dr
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