Shopping Neighborhood
La Mission Shopping Center
5475-5499 Snell Ave, San Jose, CA 95123
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap and R. G. Matusich Realtors are pleased to exclusively market for sale La Mission Shopping Center located at the intersection of Snell Avenue and Giuffrida Avenue in San Jose, California. The property consists of two single-tenant pad buildings and a multi-tenant strip retail center. In total, the property consists of approximately 20,580 square feet of gross leasable area on 1.85 acres of land. The buildings were constructed in 1970 and are in average condition. There are 90 on-site parking spaces for a parking ratio of 4.37 per 1,000 square feet.
The property is 100% leased to twelve tenants and has had limited vacancy over the last two decades. The average tenancy for the center is 18 years. Contract rents are well below market, and there is significant income upside when leases roll to market. Additionally, all leases have annual rent increases, providing an investor with a growing income stream.
La Mission Shopping Center
Investment Highlights
- 100% leased multi-tenant retail center on Snell Avenue near Blossom Hill Road
- Occupied by long-term tenants; average tenancy of approximately 18 years
- Contract rents are significantly below market levels
- Excellent tenant mix with restaurant, personal service, fitness, and convenience businesses
- Based on a review of historical records, a dry cleaning facility was located on the subject property from approximately 1986 to 2000. CONTACT THE LISTING AGENTS FOR FURTHER INFORMATION REGARDING THE ENVIRONMENTAL CONDITION OF THE PROPERTY.
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- 100% leased multi-tenant retail center on Snell Avenue near Blossom Hill Road
- Occupied by long-term tenants; average tenancy of approximately 18 years
- Contract rents are significantly below market levels
- Excellent tenant mix with restaurant, personal service, fitness, and convenience businesses
- Based on a review of historical records, a dry cleaning facility was located on the subject property from approximately 1986 to 2000. CONTACT THE LISTING AGENTS FOR FURTHER INFORMATION REGARDING THE ENVIRONMENTAL CONDITION OF THE PROPERTY.
Investment Overview
Marcus & Millichap and R. G. Matusich Realtors are pleased to exclusively market for sale La Mission Shopping Center located at the intersection of Snell Avenue and Giuffrida Avenue in San Jose, California. The property consists of two single-tenant pad buildings and a multi-tenant strip retail center. In total, the property consists of approximately 20,580 square feet of gross leasable area on 1.85 acres of land. The buildings were constructed in 1970 and are in average condition. There are 90 on-site parking spaces for a parking ratio of 4.37 per 1,000 square feet. The property is 100% leased to twelve tenants and has had limited vacancy over the last two decades. The average tenancy for the center is 18 years. Contract rents are well below market, and there is significant income upside when leases roll to market. Additionally, all leases have annual rent increases, providing an investor with a growing income stream.
Exclusively Listed By
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