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Owner User/Investment Opportunity DTSJ 269-299 Bassett St 30,000 SF 67% Leased Office Building San Jose, CA 95110 $11,428,028 CAD ($380.93 CAD/SF) 5.39% Cap Rate
Executive Summary
• RARE DOWNTOWN SAN JOSE OWNER USER/ INVESTMENT OPPORTUNITY
• 30,000± SF Retail/Office Building For Sale
• 255-299 Bassett Street, San Jose presents a rare opportunity for an owner-user/investor to acquire a 30,000± square foot retail/office building with six units of which can be combined or separated.
• This property offers a classic brick and wood design with modern updated units making it perfect for someone looking for a unique building to own.
• There is 9,923 SF available for an owner user to occupy while the rest of the building is leased out generating income.
• The property is situated on a 42,000± square foot lot with two large parking lots directly adjacent to the
property.
• The property is in the CIC – Combined Industrial Commercial zoning designation which allows for uses
such as, professional office, retail services, personal services & many more.
• The property is currently 66% leased, allowing for the remaining 33% of the building for immediate
occupancy by an Owner User.
• The property also allows for an investor to acquire it at a very competitive cap rate of 5.39% based on a
projected proforma of the building 100% leased.
• Extremely strong demographics with household incomes in excess of $160,221 in a 1-mile radius
• 30,000± SF Retail/Office Building For Sale
• 255-299 Bassett Street, San Jose presents a rare opportunity for an owner-user/investor to acquire a 30,000± square foot retail/office building with six units of which can be combined or separated.
• This property offers a classic brick and wood design with modern updated units making it perfect for someone looking for a unique building to own.
• There is 9,923 SF available for an owner user to occupy while the rest of the building is leased out generating income.
• The property is situated on a 42,000± square foot lot with two large parking lots directly adjacent to the
property.
• The property is in the CIC – Combined Industrial Commercial zoning designation which allows for uses
such as, professional office, retail services, personal services & many more.
• The property is currently 66% leased, allowing for the remaining 33% of the building for immediate
occupancy by an Owner User.
• The property also allows for an investor to acquire it at a very competitive cap rate of 5.39% based on a
projected proforma of the building 100% leased.
• Extremely strong demographics with household incomes in excess of $160,221 in a 1-mile radius
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$616,142
|
$20.54
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $616,142 |
| Annual Per SF | $20.54 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
30,000 SF
Building Class
C
Year Built
1960
Price
$11,428,028 CAD
Price Per SF
$380.93 CAD
Cap Rate
5.39%
NOI
$616,142 CAD
Percent Leased
67%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,000 SF
Building FAR
1.25
Lot Size
0.55 AC
Zoning
IP - Commercial
Parking
16 Spaces (2 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
The Smallcombes moved in response to the call of God to plant a church in Silicon Valley – and through their step of faith, VIVE Church was born, which currently has four locations across the Bay Area – San Francisco, Palo Alto, San Jose, and Oakland. They encouraged an innovative and bold culture, resulting in the impact on many peoples' perceptions of church. A Bay Area wide campaign, “Not Religious? Neither Are We." was launched to start the church. The campaign ended up having a global effect as many were challenged by the powerful message of a God who wants relationship and not just religious traditions. VIVE means 'to live' in Latin, and our mission is: So that people would be awakened to the reality of Jesus.
- Fff Roofing
- Construction
- -
- -
- -
- -
- Lift Pro Fitness
- Services
- -
- -
- Triple Net
- Jun 2028
- Pink Labs
- Retailer
- -
- $20.53 CAD
- Triple Net
- Nov 2028
- Punch King Fitness
- Arts, Entertainment, and Recreation
- -
- -
- -
- -
- Simple Pixel
- Retailer
- -
- $20.53 CAD
- Triple Net
- Oct 2030
- Terrascape Properties
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
- Vive Church
- Services
- -
- -
- -
- -
- WARCAT Strength
- Retailer
- -
- $24.64 CAD
- Triple Net
- Oct 2025
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| C3 Silicon Valley | Services | - | $30.39 CAD | Modified Gross | Aug 2020 | |
| Fff Roofing | Construction | - | - | - | - | |
| Lift Pro Fitness | Services | - | - | Triple Net | Jun 2028 | |
| Pink Labs | Retailer | - | $20.53 CAD | Triple Net | Nov 2028 | |
| Punch King Fitness | Arts, Entertainment, and Recreation | - | - | - | - | |
| Simple Pixel | Retailer | - | $20.53 CAD | Triple Net | Oct 2030 | |
| Terrascape Properties | Professional, Scientific, and Technical Services | - | - | - | - | |
| Vive Church | Services | - | - | - | - | |
| WARCAT Strength | Retailer | - | $24.64 CAD | Triple Net | Oct 2025 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
-Gym space. -Open floor plan. -Perfect for fitness user.
5,589 square foot office space with a mostly open floor plan and a mix of private offices
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100 | 4,334 SF | Office/Retail | Full Build-Out | Now |
| 2nd Fl-Ste 200 | 5,589 SF | Office | Partial Build-Out | Now |
1st Fl-Ste 100
| Size |
| 4,334 SF |
| Space Use |
| Office/Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size |
| 5,589 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste 100
| Size | 4,334 SF |
| Space Use | Office/Retail |
| Condition | Full Build-Out |
| Available | Now |
-Gym space. -Open floor plan. -Perfect for fitness user.
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 200
| Size | 5,589 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
5,589 square foot office space with a mostly open floor plan and a mix of private offices
1 1
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 259-23-025 | Improvements Assessment | $185,568 CAD (2025) |
| Land Assessment | $89,888 CAD (2025) | Total Assessment | $275,457 CAD (2025) |
Property Taxes
Parcel Number
259-23-025
Land Assessment
$89,888 CAD (2025)
Improvements Assessment
$185,568 CAD (2025)
Total Assessment
$275,457 CAD (2025)
1 of 53
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Owner User/Investment Opportunity DTSJ | 269-299 Bassett St
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