$16,500,000
Rentable SF: 25,198 | Lot Size: 77,814 SF | Year Built: 1964
Investment Highlights
25,198 Square Foot Fully Occupied Retail Asset on 77,814 Square Feet of Land
Right Next Door to Valco Development Site
Less than a Mile From Apple’s Spaceship Campus
Long History of Occupancy
Irreplaceable Location on Stevens Creek Blvd and Low Lot Coverage Begs for Future Development
60% of the Property is Significantly Below Market Rent
propeRty overview
The Ida Group is pleased to present the opportunity to acquire 19875 Stevens Creek Blvd in Cupertino California. 19875 Stevens Creek is a multi-tenant retail property currently occupied by CORT Furniture and Kiddie Academy. Both of the tenants have been in the property for 10 years showing strong occupancy history and commitment to the space. CORT Furniture is a subsidiary of Warren Buffets Berkshire Hathaway and has more than 100 locations nationwide servicing over 80 countries for furniture rental. Kiddie Academy is a leader in educational child care and has been operating for over 40 years in the service of youth educational programs.
The property has immense inherent value, being situated less than a mile from Apple’s flagship Spaceship campus and right next door to the Valco Town Center development site with over 30 acres under development and plans for 2402 residential units, 400,000 square feet of retail and entertainment, and 1,810,000 of office space. This offering provides stable cashflow while buying in to one of the most coveted neighborhoods in the Bay Area.