1150-1164 Old Bayshore Hwy
San Jose, CA 95112
Heavy Industrial Investment/Owner User Opp. · Industriel Propriété À vendre

BELOW MARKET ACQUISITION
• Offered at $4,000,000 ($276/SF).
• Estimated vacant market value of approximately $350/SF.
• Approximately $1,000,000 below estimated vacant owner-user value.
• Opportunity to acquire a Silicon Valley industrial asset below market pricing.
BELOW MARKET RENT UPSIDE
• Leased to FleetPride, Inc. through November 30, 2028.
• FleetPride is the nation's largest independent distributor of heavy-duty truck and trailer parts, operating more than 300 locations across 46 states.
• Existing lease is below current market rental rates.
• Current Rent: $12,400/mo. ($0.86 SF Modified Gross)
• No remaining renewal options.
• Opportunity to negotiate a new market-rate lease or occupy the building upon lease expiration.
• Pro forma at approximately $1.50/SF NNN reflects an estimated 6.50% cap rate.
FUNCTIONAL INDUSTRIAL BUILDING
• ±14,490 SF concrete tilt-up industrial building.
• ±16' clear height.
• 2 grade-level loading doors.
• Sprinkler system.
• Approximately 3,000 SF office/showroom.
• ±0.76-acre fully fenced and paved site.
HEAVY INDUSTRIAL ZONING (HI)
• Permits a broad range of industrial uses.
• Ideal for warehouse, manufacturing, distribution, contractor yard, and automotive uses.
PRIME SILICON VALLEY LOCATION
• Frontage on Old Bayshore Highway.
• Immediate access to US-101 and Interstate 880.
• Minutes from Mineta San Jose International Airport.
• Located in one of Silicon Valley's most established industrial corridors.