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Unit Size: 1,918 SF
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Condo Use: Medical Office
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Price: $599,000 USD
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Sale Type: Owner User
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Price/SF: $312.30 USD
Description
1,918 SF first-floor office condominium in Lundy Professional Center, delivered vacant and move-in ready.
Suite features a private entrance from the landscaped courtyard, an enclosed reception area, two private executive offices, open office and workstation area, wet bar, and floor-to-ceiling glass overlooking the pond and fountains. Common area restrooms.
Building: Built 2006. Reinforced concrete construction with wet sprinkler system. Two elevators. Secured building with key fob access after hours. Shared first-floor conference room. Comcast service to the building. Professionally managed.
Project: 41-unit, 55,939 SF two-story office condominium campus on 3.39 acres. Park-like setting with water features. 236 surface parking spaces at 4.56 per 1,000 SF.
Zoning: IP, Industrial Park, City of San Jose. Suited to professional and office users including accounting and tax, legal, insurance, consulting, immigration, and technology services.
Location: North San Jose, under one mile from the I-880 and I-680 interchange, approximately two miles to Berryessa/North San Jose BART, four miles to San Jose International Airport, five miles to downtown San Jose. Walking distance to retail and dining along the Lundy and Murphy corridor.
Sale Notes
Owner-user opportunity in North San Jose. Offered at $599,000, or $312 per square foot.
Suite 128 is delivered vacant and move-in ready. The suite served as the home of a single family's tax practice for twenty years and is now available to an owner-user seeking a permanent business address rather than another lease renewal. The private exterior entrance and first-floor position provide direct client access and signage presence without common-lobby dependence.
Pricing: Recent closed sales within the project and the immediate corridor support the offering. Suite 229 in the same building, 1,988 SF, closed at $342 per square foot. 2050 Concourse Drive Suite 94, 0.3 miles away, closed March 2026 at $339 per square foot. Suite 128 is offered at $312 per square foot, below both closed comparables.
Financing: Qualified small businesses may acquire through SBA 504 or 7(a) financing with approximately 10 percent down, roughly $60,000 at the offering price. The June 2026 twenty-five year SBA 504 debenture rate is 6.11 percent. Financing terms are illustrative and subject to lender underwriting and credit approval. Listing agents can provide introductions to active SBA lenders.
Taxes: California property taxes reset to purchase price at close. Estimated annual property tax at the offering price is approximately $8,400.
Association: Lundy Center Association dues are $1,170 per month. Assessments increased 20 percent effective January 1, 2026 following a change in insurance carrier. On May 29, 2026 the Board approved a special assessment to repay a $1,500,000 association loan funding capital improvements including new HVAC. Suite 128's share is $442.02 per month over fifteen years, fixed for the first ten years, then repriced at the five-year Treasury rate plus 240 basis points. Complete association documents, budget, and disclosures are available to qualified buyers upon request.
Delivered vacant at close. Contact listing agents for tours and offering materials.
Diego Torrelio
eXp Commercial
