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860-870 S Bascom Ave 4,236 SF 100% Leased Retail Building San Jose, CA 95128 $3,482,820 CAD ($822.20 CAD/SF) 4% Cap Rate
INVESTMENT HIGHLIGHTS
- Two-unit retail building
- Well maintained building & parking
- Value Add Opportunity
- High identity location near Valley Medical Center /San Jose City College / U.S HWY 280
- On-site parking for 19 vehicles
EXECUTIVE SUMMARY
Prime Commercial, Inc. is pleased to offer 860-870 S. Bascom Avenue for sale in San Jose, California. This single-story, two-unit retail building lies along heavily trafficked South Bascom Avenue directly across from Santa Clara County Valley Medical Center and just one block south of San Jose City College. The building has been leased for many years to Subway and H & R Block. 860-870 South Bascom Avenue provides the investor a solid in-fill location within west San Jose, a well-maintained building with ease of management and investment growth by increasing cash flow by bringing actual rents to market level.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
4,236 SF
Building Class
C
Year Built
1971
Price
$3,482,820 CAD
Price Per SF
$822.20 CAD
Cap Rate
4%
NOI
$139,313 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.35
Lot Size
0.28 AC
Zoning
C1 - Commercial Pedestrian with General Plan Designation of Urban Village Commercial
Parking
20 Spaces (4.72 Spaces per 1,000 SF Leased)
Frontage
70’ on South Bascom Avenue
AMENITIES
- Food Court
- Air Conditioning
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $215,748 CAD | |
| Land Assessment | $102,665 CAD | Total Assessment | $318,413 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$102,665 CAD
Improvements Assessment
$215,748 CAD
Total Assessment
$318,413 CAD
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860-870 S Bascom Ave
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