Industrial Building - 4.8 Million Under Appraisal

Sunnyvale, CA (Santa Clara County)
Asking Price: $10,000,000
Real Estate Details
Listed on Nov 3, 2024(Renewed on Dec 4, 2024)

Industrial R/D building located in the HEART of Silicon Valley ! 1.5 miles away from Nividia, Apple, Applied Materials, and Intuit Strategic. 1 mile away from Levi Stadium, home of the San Francisco 49ers. The San Jose airport is only 6 miles from the property. And just a 20 minute car ride to Stanford University or 45 minutes to San Francisco....The building is also being offered $4.8 million UNDER appraised value....The seller is offering this generous concession to procure a very SPECIFIC buyer. The seller will only entertain offers as part of a sale lease back. The sales lease back would have the following terms- 1) Seller to lease back the property for 5 years, with 2 , 1 year renewable options 2) Lease rate to be $2.00 psf NNN 3) Seller will have the option to repurchase the building anytime during the lease period at the current appraised value, at that point in time....If this type of sale fits your investment portfolio or strategy, please reach out TODAY, before some other fortunate buyer puts the property under contract.

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Financials (USD)

Net Operating Income (Annual) Not Disclosed

Asking Price $10,000,000

Cap Rate 6%

Additional Details

Building Area 31068.00 Square Feet

Building Class Class B Building

Year Built/Renovated 1978

Percent Occupied 100%

Zoning ML

Deal Terms

Who is Listing the Property? Real Estate Broker

Broker Co-Op? Yes

Seller Financing Available? Available On Request

Seller Willing To Lease? Available On Request

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