Value-Add 100% Leased Retail Investment Opportunity
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$4,380,000
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1452-1482 S. Main Street
Milpitas, CA 95035
Stephen Chow
888.338.6338

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Features:
  • Established retail center with stable tenants and limited management responsibility
  • Excellent visibility with 207 ft. frontage in Midtown adjacent to major residential developments
  • Easy access to 3 major FWYs, close proximity to Light Rail Sta., The Great Mall and future BART Sta.
  • High density residential or mixed-use development opportunity in Transit Oriented Development area
  • Fully leased property in prime Silicon Valley location

Remarks:

The property comprises of two parcels and is presently improved with three one-story buildings with eighteen roll up doors. Total site area is 71,873 SF and the combined building area is approximate 26,440 SF. Subject property features 207 ft. street frontage and is leased to automotive related and commercial tenants with net operating income of $236,165.
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Zoning R4-TOD, the site is situated within the Transit Oriented Development (TOD) area; it could potentially develop into high density residential with a transit overlay of up to 99 units. Subject property is adjacent to a 387-unit multifamily development, two other high density residential projects located on the same block have been completed. Superb transportation convenience, access to most cities in Santa Clara County by Light Rail and to major Bay Area cities by BART in the future. Close to major FWYs 880, 680 & 237 and less than an hour from San Francisco. 
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Motivated seller. This Investment offers a prospective investor a stable and secure investment opportunity with the upside potential to either increase below market rents or redevelop as a high density residential complex. Buyer to verify all information with City Planning.

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