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Seniors Housing

San Carlos Commons Senior Living

1881 W San Carlos St, San Jose, CA 95128

Listing Price: $28,000,000

Lot Size
1.23 acres
Price/Acre
$22,678,219
Land Type
Land
Buildable Square Feet
227,617

Investment Overview

Marcus and Millichap is pleased to present for sale San Carlos Commons Senior Living, a 270-unit senior living development site in one of the top US senior living markets.

The approved community will consist of:
- Two approved, mixed-use buildings, entitled for 270 total units of condominiums and seniors housing, plus 6,000 of retail space.
- The 7-story, building 1 is entitled for 209 units of assisted living and memory care residences.
- The 6-story, building 2 is entitled for 61 units of condominiums, active adult, or independent living
- Both buildings total 227,617 square feet of mixed-use space.
- The buildings including 113 spaces of parking , with stacker parking in two underground floors.

Investment Highlights

  • Approved Senior Living Development Site for up to 270 Units of Independent Living, Assisted Living, and Memory Care Residences
  • Assemblage of Seven Parcels for 1.23 Acre Community on West San Carlos Avenue in San Jose, California
  • One of the Highest Seniors Housing Occupancy in Major US Metro over the Last Five Years and Currently Averaging over 90 Percent Occupancy Across All Senior Living Segments
  • San Jose is a Dense, High Income, Household Values, and Net Worth City and Metro, in the Heart of Silicon Valley

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (818) 212-2750

    License(s) CA: 01240999,00530854,01204293

    California

Financing By

Seniors Housing

San Carlos Commons Senior Living

Listing Price: $28,000,000

Lot Size
1.23 acres
Price/Acre
$22,678,219
Land Type
Land
Buildable Square Feet
227,617

Investment Highlights

  • Approved Senior Living Development Site for up to 270 Units of Independent Living, Assisted Living, and Memory Care Residences
  • Assemblage of Seven Parcels for 1.23 Acre Community on West San Carlos Avenue in San Jose, California
  • One of the Highest Seniors Housing Occupancy in Major US Metro over the Last Five Years and Currently Averaging over 90 Percent Occupancy Across All Senior Living Segments
  • San Jose is a Dense, High Income, Household Values, and Net Worth City and Metro, in the Heart of Silicon Valley

Investment Overview

Marcus and Millichap is pleased to present for sale San Carlos Commons Senior Living, a 270-unit senior living development site in one of the top US senior living markets. The approved community will consist of: - Two approved, mixed-use buildings, entitled for 270 total units of condominiums and seniors housing, plus 6,000 of retail space. - The 7-story, building 1 is entitled for 209 units of assisted living and memory care residences. - The 6-story, building 2 is entitled for 61 units of condominiums, active adult, or independent living - Both buildings total 227,617 square feet of mixed-use space. - The buildings including 113 spaces of parking , with stacker parking in two underground floors.

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (818) 212-2750

    License(s): CA: 01240999,00530854,01204293

    California

Financing By

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