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Shopping Strip

1588 Meridian Ave

1588 Meridian Ave, San Jose, CA 95125

Listing Price: $3,950,000

Cap Rate
4.90%
Gross SF
8,225
Rentable SF
8,225
Price/Gross SF
$480.24
Lot Size
0.42 acres
Year Built
1951

Investment Overview

Marcus & Millichap is pleased to announce this exciting opportunity to purchase a fully occupied center located at 1588 Meridian Avenue in San Jose. The commercial parcel (APN# 429-47-017) consists of 18,480 sq. ft. on the corner of Meridian and Hamilton Ave. The property includes seven commercial tenants with a strong historic occupancy rate. All tenants are currently paying below market rents allowing a new owner plenty of rental upside into the future.

Investment Highlights

  • High daily vehicle counts
  • Long term well established local tenant mix
  • Below market rents

Exclusively Listed By

Shopping Strip

1588 Meridian Ave

Listing Price: $3,950,000

Cap Rate
4.90%
Gross SF
8,225
Rentable SF
8,225
Price/Gross SF
$480.24
Lot Size
0.42 acres
Year Built
1951

Investment Highlights

  • High daily vehicle counts
  • Long term well established local tenant mix
  • Below market rents

Investment Overview

Marcus & Millichap is pleased to announce this exciting opportunity to purchase a fully occupied center located at 1588 Meridian Avenue in San Jose. The commercial parcel (APN# 429-47-017) consists of 18,480 sq. ft. on the corner of Meridian and Hamilton Ave. The property includes seven commercial tenants with a strong historic occupancy rate. All tenants are currently paying below market rents allowing a new owner plenty of rental upside into the future.

Exclusively Listed By

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