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$ 932,000
Est. payment | /mo
8,568 Sqft Lot
$ 932,000
Est. payment | /mo
8,568 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82000537
HOA Y/N No
Year Built 2007
Lot Size 8,568 Sqft
Property Description
Perfect for 1031 Exchange: Management-Free Cash Flow! NNN Leased Medical Office Condo Investment. One of the few Audiology clinics in the region offering: Audiology Evaluations and Hearing Aids based on insurance contracts and medical community referrals, Hearing Aid Programming, Fitting and Customization, and Ongoing Care, Maintenance and Cleanings. Excellent in-place income and 5% ANNUAL increases. 11 Years Remaining on NNN lease. Tenant responsible for ALL expenses and maintenance (other than HOA responsibilities, which the tenant also pays the fees for). 6.5% current cap rate, 10.59% cap rate in the final year of the lease. Excellent location for Medical Office. Next to Regional Medical Center. Surrounded by other medical offices. Easy Access to 680, 101, and downtown San Jose
Location
State CA
County Santa Clara
Area 699 - Not Defined
Zoning A(PD)
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Roof Type Other
Present Use Commercial
Building
Water Public
Others
Tax ID 48180016
Listed by Bryan Danforth • Compass