Investment Overview

Marcus & Millichap is pleased to present 120 and 132 Kennedy Avenue in Campbell, CA. The property consists of two adjacent single-story industrial buildings that are situated on separate parcels. In total, the buildings are about 3,984 square feet and the site is approximately 11,066 square feet. The property is at the corner of Kennedy Avenue and Industrial Road and has access and curb cuts along both of these streets. Both parcels have a zoning designation of Planned Development, which permits any use reviewed and approved by the planning commission and city council. The general plan land use for the site is High Density Residential, which would permit future redevelopment of the site with multi-family housing or residential condominiums. The property addressed as 120 Kennedy Avenue is approximately 1,344 square feet and sits on a 5,450 square foot parcel. The building has a grade door in the front of the building and a fenced yard at the rear of the site. There are two parking spaces in the driveway off Kennedy Avenue and the yard space can accommodate several additional vehicles. This building is leased to Great Metal Designs through September 2023. The property addressed as 132 Kennedy Avenue measures about 2,640 square feet and is situated on a 5,616 square foot parcel. The building has one grade door along the front of the building and one on the side of the building that is accessible from the rear yard of 120 Kennedy Avenue. There are three parking spaces on this property. The building is configured for two tenants and one of the tenant space is leased to Venture Pluming through the end of May 2023; the other space is owner-occupied by O.K. Fire Equipment Company.