$3,600,000
Rentable SF: 5,355 | Lot Size: 17,500 SF
Investment Highlights
Close Proximity to E Capitol Expressway, the 101 Highway, and Tully Road
Stabilized retail asset
Upside through built in rent bumps
NNN Leases allow ease of management
Multiple long term tenants indicate desirable location
PROPERTY OVERVIEW
The Ida Group is pleased to present the opportunity to purchase a fully occupied center located at 2955 Senter Rd in San Jose. All of the tenants are paying rent and the ownership has recently leased up two vacancies offering the new buyer stable cashflow. The unit mix of smaller retail spaces has attracted higher rents and with the 2-5% yearly increases, the new owner will have built in upside for the deal.
2955 Senter also sits on a very attractive retail corridor in close proximity to the 101 freeway, between Tully Road and E Capitol Expressway, just down the street from Andrew Hill High School. This offering presents a new buyer with immediate cashflow and upside while buying into a neighborhood on the upswing. Long term tenants in the property along with a high vehicle count per day demonstrates a very desireable location.