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200 Jose Figueres Ave
San Jose, CA 95116 Jose Figueres-Rancho Verde

$865,400 USD

Medical Condo For Sale  •  1,356 SF

Property Details

  • Property Type Medical
  • Total Building Size 122,125 SF
  • Lot Size 9.51 AC
  • Building Class B
  • Year Built 2007
  • Cap Rate 7.00 %
  • Tenancy Multiple
  • Zoning Medical Office
52 Transit Score
71 Walk Score

1 Unit Available

Name Condo Use Size Price Details
2nd Floor - Unit 280 Medical Office 1,356 SF $865,400 USD
  • Unit Size: 1,356 SF
  • Condo Use: Medical Office
  • Price: $865,400 USD
  • Sale Type: Investment
  • Price/SF: $638.20 USD
Description
• Leased Medical Office Condo Investment
• One of the few Audiology clinics in the region offering: Audiology Evaluations and Hearing Aids based on insurance contracts and medical community referrals, Hearing Aid Programming, Fitting and
Customization, and Ongoing Care, Maintenance and Cleanings
• Excellent in-place income and 5% ANNUAL increases
• 11 Years Remaining on NNN lease: 5 years in primary term + 6-year option
• Tenant responsible for ALL expenses and maintenance (other than HOA responsibilities, which the tenant also pays the fees for)
• 7% current cap rate, 11.40% cap rate in the final year of the option
• Excellent location for Medical Office
• Next to Regional Medical Center
• Surrounded by other medical offices
• Easy Access to 680, 101, and downtown San Jose

Property Flyers

Financial Summary

Cap Rate: 7.00 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Cancer Care Institute
Darith S Khay, MD
East Bay San Jose Wellness Center
Elahi Rashid MD
Ha, Le, NP
KAAJ Healthcare
Maggie S Chau, DO Llc
Nguyen, Tam Do Internal Medicine
Raymond W Lee, MD Llc
San jose Pacific Neurology Center P.C

Public Transportation

Commuter RailDriveWalkDistance
San Jose (Capitol Corridor - Capitol Corridor Joint Powers Authority) 10 min - 4.3 mi
San Jose Station (ACE Train - Altamont Corridor Express) 10 min - 4.4 mi
Transit/SubwayDriveWalkDistance
Mckee Station (Mountain View - Alum Rock - VTA) 2 min 19 min 0.9 mi
Mckee Station (Alum Rock - Santa Teresa Line - Santa Clara VTA Light Rail) 3 min 18 min 1.0 mi
AirportDriveWalkDistance
Norman Y Mineta San Jose International 11 min - 6.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 488
Type: Surface
Included in Rent: Yes
Bryan Danforth 650-274-5227 Compass Commercial
Bryan Danforth 650-274-5227 Compass Commercial