200 Jose Figueres Avenue #280
San Jose, CA 95116
0.20 acres | #ML82000537
Description
Perfect for 1031 Exchange: Management-Free Cash Flow! NNN Leased Medical Office Condo Investment. One of the few Audiology clinics in the region offering: Audiology Evaluations and Hearing Aids based on insurance contracts and medical community referrals, Hearing Aid Programming, Fitting and Customization, and Ongoing Care, Maintenance and Cleanings. Excellent in-place income and 5% ANNUAL increases. 11 Years Remaining on NNN lease. Tenant responsible for ALL expenses and maintenance (other than HOA responsibilities, which the tenant also pays the fees for). 6.5% current cap rate, 10.59% cap rate in the final year of the lease. Excellent location for Medical Office. Next to Regional Medical Center. Surrounded by other medical offices. Easy Access to 680, 101, and downtown San Jose
Property Details
- Property SubtypeCommercialSale
- CountySanta Clara
- MLS #ML82000537
- MLS #ML82000537
- Property TypePurchase
- Original List Price$932,000
- Acres0.1967
- Utility SourcePublic
- Cost932000
- Year Built2007
- Taxes Annual$0
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Bryan Danforth (#ML5100317)
Listing Office: Compass (#ML38629)
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