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2nd Floor - Unit 280
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Medical Office
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1,356 SF
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$1,256,880 USD
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Unit Size: 1,356 SF
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Condo Use: Medical Office
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Price: $1,256,880 USD
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Sale Type: Investment or Owner User
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Price/SF: $926.90 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
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Thor Wiles
CBRE, Inc.