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1879 Lundy Ave - Lundy Professional Center Unité de condo • Bureau/Médical • 1 918 pi² • À vendre 839 618 $ CAD • San Jose, CA 95131
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Résumé de l'annonce
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).
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
1 Unité disponible
- Unité
- Taille de l’unité
- Utilisation du condo
- Prix
- Revenu net d’exploitation
| Type de vente | Propriétaire utilisateur | ID/Numéro de lot | 244-44-055 |
| Type de vente | Propriétaire utilisateur |
| ID/Numéro de lot | 244-44-055 |
entrée extérieure privée
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.
| Unité | Taille de l’unité | Utilisation du condo | Prix | Revenu net d’exploitation |
| Unité 128 | 1 918 pi² | Bureau/Médical | 839 618 $ CAD (437,76 $ CAD/pi²) | - |
Unité 128
| Taille de l’unité |
| 1 918 pi² |
| Utilisation du condo |
| Bureau/Médical |
| Prix |
| 839 618 $ CAD (437,76 $ CAD/pi²) |
| Revenu net d’exploitation |
| - |
Unité 128
| Taille de l’unité | 1 918 pi² |
| Utilisation du condo | Bureau/Médical |
| Prix | 839 618 $ CAD (437,76 $ CAD/pi²) |
| Revenu net d’exploitation | - |
| Type de vente | Propriétaire utilisateur |
| ID/Numéro de lot | 244-44-055 |
| Description | |
| 2 bureaux privés, espace de bureau ouvert, bar humide,<br> entrée extérieure privée</li></ul> | |
| Notes sur la vente | |
| 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> |
Faits sur la propriété
| Taille totale du bâtiment | 55 939 pi² | Superficie de plancher typique | 28 000 pi² |
| Type de propriété | Bureau (Condo) | Année de construction | 2006 |
| Sous-type de propriété | Bureau résidentiel | Taille du lot | 3,39 AC |
| Classe d’immeuble | B | Ratio de stationnement | 4,56/1 000 pi² |
| Planchers | 2 | ||
| Zonage | I, San Jose - Industrielles | ||
| Taille totale du bâtiment | 55 939 pi² |
| Type de propriété | Bureau (Condo) |
| Sous-type de propriété | Bureau résidentiel |
| Classe d’immeuble | B |
| Planchers | 2 |
| Superficie de plancher typique | 28 000 pi² |
| Année de construction | 2006 |
| Taille du lot | 3,39 AC |
| Ratio de stationnement | 4,56/1 000 pi² |
| Zonage | I, San Jose - Industrielles |
Commodités
- Accès 24 heures
- Installations de conférences
- Cour
- Accessible aux fauteuils roulants
- Climatisation
Renseignements importants sur le locataire Cliquez ici pour accéder à
| LOCATAIRE | pi² Occupé | DATE DE FIN DE BAIL |
|---|---|---|
| Mesa Associates Inc |
-
|
Jan 0000
|
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1879 Lundy Ave - Lundy Professional Center
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