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    2560-2574 Lafayette Street

    Santa Clara, CA 95050
    • $4,998,000
    • STATUS: Active
    • ON SITE: 43 days
    • ID#: ML81831900
    UPDATED: 233 min ago
    $4,998,000
    • 0
      BEDS
    • 1.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 53,991
      SQFT
    • $93
      $/SQFT
    Type:
    Commercial
    Built:
    1951
    County:

    School Ratings & Info

    Description

    This industrial complex was initially constructed in 1951, has been developed to include 3 separate freestanding buildings and is currently 100% leased to 5 tenants with term & mo. to mo. rental agreements. Over the past several decades, the base of industrial buildings of this nature has been significantly reduced as these properties have been redeveloped to Residential, Retail & Office/R&D. Today, we generally find that the demand for buildings within this category exceeds the local supply. Given a relative low building to land coverage ratio of only 34%, this property provides for uncommon parking & outside material storage. Given that the 3 buildings have been demised into multiple units, this property may offer a prospective buyer the opportunity to occupy a portion of the complex, while collecting rent and with the objective of expanding over time. Located just off Central Expressway and with quick access to Highways 101 & 880, this is a very central Silicon Valley location.

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    Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-04-14T11:43:31.997.

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    2560-2574 Lafayette Street Santa Clara, CA 95050

    • Price: $4,998,000
    • Status: Active
    • Updated: 233 min ago
    • ID#: ML81831900
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.24
    Acres
    53,991
    SQFT
    $93
    $/SQFT
    1951
    Built
    Neighborhood:
    All Other Counties/States
    County:
    Santa Clara
    Area:
    All Other Counties/States
    Property Description
    This industrial complex was initially constructed in 1951, has been developed to include 3 separate freestanding buildings and is currently 100% leased to 5 tenants with term & mo. to mo. rental agreements. Over the past several decades, the base of industrial buildings of this nature has been significantly reduced as these properties have been redeveloped to Residential, Retail & Office/R&D. Today, we generally find that the demand for buildings within this category exceeds the local supply. Given a relative low building to land coverage ratio of only 34%, this property provides for uncommon parking & outside material storage. Given that the 3 buildings have been demised into multiple units, this property may offer a prospective buyer the opportunity to occupy a portion of the complex, while collecting rent and with the objective of expanding over time. Located just off Central Expressway and with quick access to Highways 101 & 880, this is a very central Silicon Valley location.
    Exterior Features

    Garage Or Parking Other Parking Spaces Total 50 Roof Tar And Gravel

    Property Features

    Annual Taxes 4735 Building Type Comm Ind For Sale Net Operating Income 159062 Tenant Expenses ElectricOther Tot Bldg Sq Ft 18515 Utilities Public Water Zoning Mh

    Listing courtesy of Rick Bell of Compass.


    Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-04-14T11:43:31.997.

     
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