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Shopping Neighborhood

2955 Senter Rd

2955 Senter Rd, San Jose, CA 95111

Listing Price: $3,600,000

Cap Rate
5.04%
Gross SF
5,414
Rentable SF
5,414
Price/Gross SF
$664.94
Lot Size
0.40 acres
Year Built
2004

Investment Overview

The Ida Group of Marcus & Millichap is pleased to present the opportunity to purchase a fully occupied center located at 2955 Senter Rd in San Jose. All of the tenants are paying rent and the ownership has recently extended most of the leases offering longterm, stable cash-flow. The unit mix of smaller retail spaces has attracted higher rents and with the 2-5% yearly increases, the new owner will have built in upside for the deal. 2955 Senter also sits on a very attractive retail corridor in close proximity to the 101 freeway, between Tully Road and E Capitol Expressway, just down the street from Andrew Hill High School. This offering presents a new buyer with immediate cash-flow and upside while buying into a neighborhood on the upswing. Long term tenants in the property along with a high vehicle count per day demonstrates a very desirable location.

Investment Highlights

  • Close Proximity to E Capitol Expressway, 101 Highway, and Tully Road
  • Stabilized retail asset
  • Upside through built-in rent bumps
  • NNN Leases allow ease of management
  • Multiple long term tenants indicate the desirable location

Exclusively Listed By

Shopping Neighborhood

2955 Senter Rd

Listing Price: $3,600,000

Cap Rate
5.04%
Gross SF
5,414
Rentable SF
5,414
Price/Gross SF
$664.94
Lot Size
0.40 acres
Year Built
2004

Investment Highlights

  • Close Proximity to E Capitol Expressway, 101 Highway, and Tully Road
  • Stabilized retail asset
  • Upside through built-in rent bumps
  • NNN Leases allow ease of management
  • Multiple long term tenants indicate the desirable location

Investment Overview

The Ida Group of Marcus & Millichap is pleased to present the opportunity to purchase a fully occupied center located at 2955 Senter Rd in San Jose. All of the tenants are paying rent and the ownership has recently extended most of the leases offering longterm, stable cash-flow. The unit mix of smaller retail spaces has attracted higher rents and with the 2-5% yearly increases, the new owner will have built in upside for the deal. 2955 Senter also sits on a very attractive retail corridor in close proximity to the 101 freeway, between Tully Road and E Capitol Expressway, just down the street from Andrew Hill High School. This offering presents a new buyer with immediate cash-flow and upside while buying into a neighborhood on the upswing. Long term tenants in the property along with a high vehicle count per day demonstrates a very desirable location.

Exclusively Listed By

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