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TRANSCRIPT
303 N 15TH STREET, SAN JOSE
OFFERING MEMORANDUM
10/31/2019Lynne Tran, MBA, Realtor®Intero 2015 Top 1% Sales Agent
Cal BRE# 01293229
Cell: (408) 891-7978Email: [email protected]: ltran.agent.intero.comZillow: https://www.zillow.com/profile/LynneTran
LYNNE TRAN, MBA, REALTOR (408) 891-7978 [email protected] 10/31/2019 2
INTERO REAL ESTATE SERVICES
EXCELENT NNN INVESTMENT:CENTRAL SAN JOSE OFFICE BUILDING
303 N 15TH STREET, SAN JOSE 95112
LYNNE TRAN, MBA, REALTOR (408) 891-7978 [email protected] 10/31/2019 3
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CONTENTS
INVESTMENT OVERVIEW
FINANCIAL ANALYSIS
SALE COMPARABLES
MARKET OVERVIEW
DEMOGRAPHICS
CONFIDENTIALITY DISCLAIMER:
The information above has been obtained from sources believed reliable. While we
do not doubt its accuracy, we have not verified it and make no guarantee, warranty
or representation about it. It is your responsibility to independently confirm its
accuracy and completeness.
Any projections, opinions, assumptions, or estimates used are for example only and do
not represent the current or future performance of the property. The value of this
transaction to you depends on tax and other factors which should be evaluated by
your tax, financial, and legal advisors. You and your advisors should conduct a
careful, independent investigation of the property to determine to your satisfaction
the suitability of the property for your needs.
LYNNE TRAN, MBA, REALTOR (408) 891-7978 [email protected] 10/31/2019 4
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INVESTMENT OVERVIEW
LYNNE TRAN, MBA, REALTOR (408) 891-7978 [email protected] 10/31/2019 5
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INVESTMENT OVERVIEW • Asking Price: $3,500,000
• NNN Lease, approx. 6.1% cap rate to Owner
• APN: 249-56-054
• Bldg: 5,235 Sqft
• Lot: 15,246 Sqft
• High traffic corner of E Julian and N 15th
• Dense residential area served by public transit
• Long term tenant using as Adult Day Care Center
• Perfect for day care centers, multi-tenant professional offices, medical offices or clinic
• Blocks from famous Japan Town, Downtown San Jose, planned Google Urban
project and future Alum Rock/28th St BART station
• Minutes to Hwys 101/280/880, Caltrain, VTA, and all tech companies in Silicon Valley
LYNNE TRAN, MBA, REALTOR (408) 891-7978 [email protected] 10/31/2019 7
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MAP
LOCATION
Proposed Google’s
Downtown West
LYNNE TRAN, MBA, REALTOR (408) 891-7978 [email protected] 10/31/2019 8
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AERIAL
VIEW
LYNNE TRAN, MBA, REALTOR (408) 891-7978 [email protected] 10/31/2019 9
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FINANCIAL ANALYSIS
LYNNE TRAN, MBA, REALTOR (408) 891-7978 [email protected] 10/31/2019 10
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FINANCIAL ANALYSIS
Owner's Current Expenses (Yearly) Current Income (Yearly)
R.E. Taxes $0 Rental $216,000
Insurance $0 Vacancy Allowance 0%
Landscape $0 Other $0
Maintenance $0 Other Include N/A
Management $0 Income Gross Schedule $216,000
Other $0 Income Annual Gross $216,000
Trash $0 Est Net Income $216,000
Total Expenses $0 GRM $16.20
Cap Rate 6.2%
• Estimates Only, per
Owner
• Contact Listing Agent
for Details
LYNNE TRAN, MBA, REALTOR (408) 891-7978 [email protected] 10/31/2019 11
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DEMOGRAPHICS
LYNNE TRAN, MBA, REALTOR (408) 891-7978 [email protected] 10/31/2019 15
INTERO REAL ESTATE SERVICES
THANK YOU
Looking Forward to Working with You