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1879 Lundy Ave - Lundy Professional Center 1,918 SF Office/Medical Condo Unit Offered at $839,618 CAD in San Jose, CA 95131
Executive Summary
Lundy Professional Center is a 55,939 SF, two-story office condominium campus built in 2006 on 3.39 acres in North San Jose. The project contains 41 individually owned office suites ranging from approximately 875 to 2,301 square feet. Construction is reinforced concrete with a wet sprinkler system throughout. The building is served by two elevators and is secured with key fob access after hours. Common amenities include a shared first-floor conference room, common area restrooms on both levels, and Comcast service to the building. The campus is set around a landscaped central courtyard with a pond and fountains, giving the project a park-like environment uncommon among small office properties in the submarket. Select first-floor suites, including Suite 128, have private entrances opening directly onto the courtyard. Parking is 236 surface spaces at a ratio of 4.56 per 1,000 square feet, well above typical office condominium ratios in Santa Clara County. Ownership is predominantly owner-occupied. Suites are held by a stable mix of individual professionals, closely held business entities, a charitable foundation, and a national labor organization, rather than by institutional investors or a rental pool. The association, Lundy Center Association, is professionally managed by MarWest Commercial. Zoning is IP, Industrial Park, City of San Jose, supporting office and professional services users including accounting and tax, legal, insurance, immigration, consulting, and technology services. The property is located on Lundy Avenue in North San Jose, under one mile from the Interstate 880 and Interstate 680 interchange, approximately two miles from the Berryessa/North San Jose BART Station, four miles from Norman Y. Mineta San José International Airport, and five miles from downtown San Jose. The Golden Triangle technology corridor, home to major campuses including Cisco, Samsung, Intel, and Nvidia, is immediately adjacent. Retail and dining are within walking distance along the Lundy and Murphy corridor. APN 244-44-055 (Suite 128).
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- Offering Memorandum
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User | APN/Parcel ID | 244-44-055 |
| Sale Type | Owner User |
| APN/Parcel ID | 244-44-055 |
Description
1,918 SF first-floor office condominium in Lundy Professional Center, delivered vacant and move-in ready.
Suite features a private entrance from the landscaped courtyard, an enclosed reception area, two private executive offices, open office and workstation area, wet bar, and floor-to-ceiling glass overlooking the pond and fountains. Common area restrooms.
Building: Built 2006. Reinforced concrete construction with wet sprinkler system. Two elevators. Secured building with key fob access after hours. Shared first-floor conference room. Comcast service to the building. Professionally managed.
Project: 41-unit, 55,939 SF two-story office condominium campus on 3.39 acres. Park-like setting with water features. 236 surface parking spaces at 4.56 per 1,000 SF.
Zoning: IP, Industrial Park, City of San Jose. Suited to professional and office users including accounting and tax, legal, insurance, consulting, immigration, and technology services.
Location: North San Jose, under one mile from the I-880 and I-680 interchange, approximately two miles to Berryessa/North San Jose BART, four miles to San Jose International Airport, five miles to downtown San Jose. Walking distance to retail and dining along the Lundy and Murphy corridor.
Suite features a private entrance from the landscaped courtyard, an enclosed reception area, two private executive offices, open office and workstation area, wet bar, and floor-to-ceiling glass overlooking the pond and fountains. Common area restrooms.
Building: Built 2006. Reinforced concrete construction with wet sprinkler system. Two elevators. Secured building with key fob access after hours. Shared first-floor conference room. Comcast service to the building. Professionally managed.
Project: 41-unit, 55,939 SF two-story office condominium campus on 3.39 acres. Park-like setting with water features. 236 surface parking spaces at 4.56 per 1,000 SF.
Zoning: IP, Industrial Park, City of San Jose. Suited to professional and office users including accounting and tax, legal, insurance, consulting, immigration, and technology services.
Location: North San Jose, under one mile from the I-880 and I-680 interchange, approximately two miles to Berryessa/North San Jose BART, four miles to San Jose International Airport, five miles to downtown San Jose. Walking distance to retail and dining along the Lundy and Murphy corridor.
Sale Notes
Owner-user opportunity in North San Jose. Offered at $599,000, or $312 per square foot.
Suite 128 is delivered vacant and move-in ready. The suite served as the home of a single family's tax practice for twenty years and is now available to an owner-user seeking a permanent business address rather than another lease renewal. The private exterior entrance and first-floor position provide direct client access and signage presence without common-lobby dependence.
Pricing: Recent closed sales within the project and the immediate corridor support the offering. Suite 229 in the same building, 1,988 SF, closed at $342 per square foot. 2050 Concourse Drive Suite 94, 0.3 miles away, closed March 2026 at $339 per square foot. Suite 128 is offered at $312 per square foot, below both closed comparables.
Financing: Qualified small businesses may acquire through SBA 504 or 7(a) financing with approximately 10 percent down, roughly $60,000 at the offering price. The June 2026 twenty-five year SBA 504 debenture rate is 6.11 percent. Financing terms are illustrative and subject to lender underwriting and credit approval. Listing agents can provide introductions to active SBA lenders.
Taxes: California property taxes reset to purchase price at close. Estimated annual property tax at the offering price is approximately $8,400.
Association: Lundy Center Association dues are $1,170 per month. Assessments increased 20 percent effective January 1, 2026 following a change in insurance carrier. On May 29, 2026 the Board approved a special assessment to repay a $1,500,000 association loan funding capital improvements including new HVAC. Suite 128's share is $442.02 per month over fifteen years, fixed for the first ten years, then repriced at the five-year Treasury rate plus 240 basis points. Complete association documents, budget, and disclosures are available to qualified buyers upon request.
Delivered vacant at close. Contact listing agents for tours and offering materials.
Suite 128 is delivered vacant and move-in ready. The suite served as the home of a single family's tax practice for twenty years and is now available to an owner-user seeking a permanent business address rather than another lease renewal. The private exterior entrance and first-floor position provide direct client access and signage presence without common-lobby dependence.
Pricing: Recent closed sales within the project and the immediate corridor support the offering. Suite 229 in the same building, 1,988 SF, closed at $342 per square foot. 2050 Concourse Drive Suite 94, 0.3 miles away, closed March 2026 at $339 per square foot. Suite 128 is offered at $312 per square foot, below both closed comparables.
Financing: Qualified small businesses may acquire through SBA 504 or 7(a) financing with approximately 10 percent down, roughly $60,000 at the offering price. The June 2026 twenty-five year SBA 504 debenture rate is 6.11 percent. Financing terms are illustrative and subject to lender underwriting and credit approval. Listing agents can provide introductions to active SBA lenders.
Taxes: California property taxes reset to purchase price at close. Estimated annual property tax at the offering price is approximately $8,400.
Association: Lundy Center Association dues are $1,170 per month. Assessments increased 20 percent effective January 1, 2026 following a change in insurance carrier. On May 29, 2026 the Board approved a special assessment to repay a $1,500,000 association loan funding capital improvements including new HVAC. Suite 128's share is $442.02 per month over fifteen years, fixed for the first ten years, then repriced at the five-year Treasury rate plus 240 basis points. Complete association documents, budget, and disclosures are available to qualified buyers upon request.
Delivered vacant at close. Contact listing agents for tours and offering materials.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 128 | 1,918 SF | Office/Medical | $839,618 CAD ($437.76 CAD/SF) | - |
Unit 128
| Unit Size |
| 1,918 SF |
| Condo Use |
| Office/Medical |
| Price |
| $839,618 CAD ($437.76 CAD/SF) |
| NOI |
| - |
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Unit 128
| Unit Size | 1,918 SF |
| Condo Use | Office/Medical |
| Price | $839,618 CAD ($437.76 CAD/SF) |
| NOI | - |
| Sale Type | Owner User |
| APN/Parcel ID | 244-44-055 |
| Description | |
| 1,918 SF first-floor office condominium in Lundy Professional Center, delivered vacant and move-in ready.<br> <br> Suite features a private entrance from the landscaped courtyard, an enclosed reception area, two private executive offices, open office and workstation area, wet bar, and floor-to-ceiling glass overlooking the pond and fountains. Common area restrooms.<br> <br> Building: Built 2006. Reinforced concrete construction with wet sprinkler system. Two elevators. Secured building with key fob access after hours. Shared first-floor conference room. Comcast service to the building. Professionally managed.<br> <br> Project: 41-unit, 55,939 SF two-story office condominium campus on 3.39 acres. Park-like setting with water features. 236 surface parking spaces at 4.56 per 1,000 SF.<br> <br> Zoning: IP, Industrial Park, City of San Jose. Suited to professional and office users including accounting and tax, legal, insurance, consulting, immigration, and technology services.<br> <br> Location: North San Jose, under one mile from the I-880 and I-680 interchange, approximately two miles to Berryessa/North San Jose BART, four miles to San Jose International Airport, five miles to downtown San Jose. Walking distance to retail and dining along the Lundy and Murphy corridor.</li></ul> | |
| Sale Notes | |
| Owner-user opportunity in North San Jose. Offered at $599,000, or $312 per square foot.<br> <br> Suite 128 is delivered vacant and move-in ready. The suite served as the home of a single family's tax practice for twenty years and is now available to an owner-user seeking a permanent business address rather than another lease renewal. The private exterior entrance and first-floor position provide direct client access and signage presence without common-lobby dependence.<br> <br> Pricing: Recent closed sales within the project and the immediate corridor support the offering. Suite 229 in the same building, 1,988 SF, closed at $342 per square foot. 2050 Concourse Drive Suite 94, 0.3 miles away, closed March 2026 at $339 per square foot. Suite 128 is offered at $312 per square foot, below both closed comparables.<br> <br> Financing: Qualified small businesses may acquire through SBA 504 or 7(a) financing with approximately 10 percent down, roughly $60,000 at the offering price. The June 2026 twenty-five year SBA 504 debenture rate is 6.11 percent. Financing terms are illustrative and subject to lender underwriting and credit approval. Listing agents can provide introductions to active SBA lenders.<br> <br> Taxes: California property taxes reset to purchase price at close. Estimated annual property tax at the offering price is approximately $8,400.<br> <br> Association: Lundy Center Association dues are $1,170 per month. Assessments increased 20 percent effective January 1, 2026 following a change in insurance carrier. On May 29, 2026 the Board approved a special assessment to repay a $1,500,000 association loan funding capital improvements including new HVAC. Suite 128's share is $442.02 per month over fifteen years, fixed for the first ten years, then repriced at the five-year Treasury rate plus 240 basis points. Complete association documents, budget, and disclosures are available to qualified buyers upon request.<br> <br> Delivered vacant at close. Contact listing agents for tours and offering materials.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 55,939 SF | Typical Floor Size | 28,000 SF |
| Property Type | Office (Condo) | Year Built | 2006 |
| Property Subtype | Office/Residential | Lot Size | 3.39 AC |
| Building Class | B | Parking Ratio | 4.56/1,000 SF |
| Floors | 2 | ||
| Zoning | I, San Jose - IP, Industrial Park, City of San Jose | ||
| Total Building Size | 55,939 SF |
| Property Type | Office (Condo) |
| Property Subtype | Office/Residential |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 28,000 SF |
| Year Built | 2006 |
| Lot Size | 3.39 AC |
| Parking Ratio | 4.56/1,000 SF |
| Zoning | I, San Jose - IP, Industrial Park, City of San Jose |
Amenities
- 24 Hour Access
- Conferencing Facility
- Courtyard
- Wheelchair Accessible
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Mesa Associates Inc |
-
|
Jan 0000
|
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1879 Lundy Ave - Lundy Professional Center
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