Santa Clara | 2560-2576 Lafayette Street | Sold for $ 3,930,000
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.
Property Details
Property Type: Industrial Building
Size: 18,515 sf
Lot: 53,991 sf
Sold for $ 3,930,000
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If you have any questions regarding this property, please reach out to us directly or your real estate agent.
About Us: Rick and Suzanne Bell are real estate agents with over 45 years combined experience in real estate home sales. Serving Los Altos, Los Altos Hills, Palo Alto, Mountain View and surrounding Silicon Valley communities, Rick and Suzanne deliver a diverse and unique skill set when assisting clients in the marketing of their homes.
Rick’s background in both commercial and residential real estate marketing, coupled with his personal experience in real estate investment and home renovation empowers Rick’s clients with creative, unique and practical solutions when preparing and marketing their homes for sale.
Having managed nearly 500 employees as a Nordstrom store manager, Suzanne’s background in leadership, problem solving & customer service provides for a very unique skill set in addressing the challenges often faced during a modern real estate transaction.