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Listed by Jake Anthony • MJA Equity Investments, Inc. • 650-241-2100
$4,395,000
Est. payment /mo
9,680 SqFt
Active
226 W Alma Avenue San Jose, CA 95110
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Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 9,680 sqft
Price per Sqft $454
MLS Listing ID ML82059661
HOA Y/N No
Year Built 2008
Lot Size 0.650 Acres
Property Sub-Type Comm Ind For Sale
Source Datashare MLSListings
Property Description
Rare 100% occupied NNN retail/medical strip center offered at a 6.07% cap rate. Priced at $4,395,000, this 9,680 SF property features five (5) established tenants on triple-net leases, providing a landlord-favorable, low-management income stream. Tenants include a national fast-food franchise (Pizza Hut), a national wireless carrier (Metro by T-Mobile), a medical/wellness provider (Healing Grove), and two local service retailers, delivering a diverse, credit-quality tenant mix. All tenants are individually metered and responsible for their own utilities, taxes, insurance, and CAM reimbursements. Built in 2008, the property features a modern concrete slab construction, flat roof with rooftop package HVAC units per suite, and approximately 36 on-site parking spaces. Ideally located on W. Alma Avenue at Almaden Expressway in San Jose, offering excellent visibility and accessibility. Current NOI of $266,870. Please do not disturb tenants.
Location
State CA
County Santa Clara
Interior
Heating Forced Air
Fireplace No
Exterior
Handicap Access Customized Wheelchair Accessible
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