Value Add Office Building

Highlights:

• 10,272 square foot, two story office building permits office, medical and some retail uses
• Great location near highway 17, 85, downtown Campbell, Los Gatos, the Pruneyard, and Good Samaritan Hospital.
• Multi-tenant layout features 9 office suites promoting a granular income stream with lower annual vacancy
• Over 477,000 people with average household income over $182,000 within a 5 mile radius
• Billboard sign on a long term lease with Clear Channel may be purchased separately

Description:

Marcus and Millichap is pleased to present the opportunity to acquire this 10,272 square foot, two story office building located on the Campbell/San Jose border. The property features a 3.3 per 1000 parking ratio with approximately 34 parking spaces including 12 covered spaces. There are 9 office suites with occupancy at approximately 42%.
The property is zoned CP - Commercial Pedestrian and permits Office, Medical and some retail uses and is uniquely positioned near the intersection of highway 17 and 85 in close proximity to both downtown Campbell and Los Gatos. The Pruneyard shopping center and Good Samaritan Hospital are nearby in addition to a number of other restaurants and retailers.
The offering is ideal for a user or an investor who may add value through increasing occupancy and rental income. The multitenant layout provides flexibility and a granular income stream resulting in lower annual vacancy. In addition, the Billboard sign may be purchased to further enhance the income stream.