Tuesday, September 23, 2008

Multi-Tenant Office Building- FOR SALE

1155 North First Street
San Jose, CA


Premier Downtown location with an excellent tenant profile. Office building is just seconds away from San Jose Airport, and very close to highway 880,280,101, and 87. This location is walking distance to many restaurants and is a historically strong business area. The building is beautifully landscaped with tall redwood trees. V.T.A. light rail is located directly in front of building.


  • Offering Price: $7,500,000
  • Building Square Footage: 30,720
  • Parcel Size: 1.65 Acres
  • Parking Spaces: 115+ 4 disabled
  • Parking Ratio: 3.74/1000 sq ft
  • Year Built: 1981
  • Cap Rate: 5.70%
  • Price/Bldg Sq Ft: $244.14
  • Price/ Rentable Sq Ft: $254.24
  • Gross Income (Actual 2007): $634,116
  • Expenses (Actual 2007): $206,426
  • N.O.I. (Actual 2007): $427,690



For further information please contact
Ph: 408-342-3155



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