This industrial complex was initially constructed in 1951 and has been developed to include 3 separate freestanding buildings. The property is currently 100% leased and includes 5 tenants with term and month-to-month 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, and Office/R&D. Today, we generally find that the demand for buildings within this category exceeds the local supply.
With a relatively low building to land coverage ratio of only +/-34%, this property provides for uncommon parking and 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 in Santa Clara just off Central Expressway and with quick access to Highways 101 and 880, this highly central location is a great home base for reaching all of Silicon Valley.