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373 S. Monroe 373 S Monroe St 11,081 SF 77% Leased Office Building San Jose, CA 95128 $8,420,344 CAD ($759.89 CAD/SF) 5.90% Cap Rate
Investment Highlights
- Medical / Dental Building
- Urban Village Designation
- Long Term tenant
Executive Summary
Medical / Dental Building in prime West San Jose Location. 10 suites, NNN leases. individual electrical meters. One block to Santana Row and Valley Fair Mall. 4.4/ 1000 parking. Long term tenants. Building has central vacuum and air for dental suites. Located in a Transit Village Designation, great upside for future development. Collect excellent rent flow while processing redevelopment permits. This well maintained property is in an excellent location with close access to Hwy 17 and 280.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
11,081 SF
Building Class
B
Year Built
1980
Price
$8,420,344 CAD
Price Per SF
$759.89 CAD
Cap Rate
5.90%
NOI
$496,800 CAD
Percent Leased
77%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,694 SF
Slab To Slab
10’
Building FAR
0.57
Lot Size
0.45 AC
Zoning
C3H, San Jose - Urban Village, 6 story height limit.
Parking
45 Spaces (4.06 Spaces per 1,000 SF Leased)
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 2nd Fl-Ste 201
- 1,035 SF
- Office/Medical
- -
- Now
fully built out Dental office, includes vacuum, air and water.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 201 | 1,035 SF | Office/Medical | - | Now |
| 3rd Fl-Ste 303 | 1,540 SF | Office/Medical | Full Build-Out | Now |
2nd Fl-Ste 201
| Size |
| 1,035 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
3rd Fl-Ste 303
| Size |
| 1,540 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 303
| Size | 1,540 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
fully built out Dental office, includes vacuum, air and water.
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Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 277-34-006 | Improvements Assessment | $759,615 CAD |
| Land Assessment | $899,326 CAD | Total Assessment | $1,658,941 CAD |
Property Taxes
Parcel Number
277-34-006
Land Assessment
$899,326 CAD
Improvements Assessment
$759,615 CAD
Total Assessment
$1,658,941 CAD
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373 S. Monroe | 373 S Monroe St
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