For Sale: DOWNTOWN SAN JOSE COMMERCIAL BUILDING
OWNER/USER or INVESTMENT OPPORTUNITY - 30,000± SF
255-299 Bassett Street
San Jose, CA
Spaces: 30,000± SF Building-on 42,000± Lot
Offering Price: $8,349,000 ($278.30 PSF) 5.39% Proforma Cap Rate
INVESTMENT or OWNER/USER
♦ Divided into six units, which can be further combined or separated
♦ Situated on a large lot with two parking areas directly adjacent to the property
♦ Zoned CIC – Combined Industrial Commercial -which allows for uses of professional office, retail services, personal services & many more
♦ Extremely strong demographics with household incomes in excess of $160,221 in a 1-mile radius
♦ Currently 66% leased, remaining 33% for immediate occupancy by an Owner/User
♦ Also allows for an investor to acquire it at a very competitive cap rate of 5.39% based on a projected proforma of the building 100% leased
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