Close of Escrow: Milpitas Office Park in Milpitas, CA

Close of Escrow: Milpitas Office Park in Milpitas, CA

SIG is pleased to announce the recent closed transaction of Milpitas Office Park in Milpitas, California.

Investment Highlights Include:

  • 100% Occupied – 4 Tenant Office Industrial Building
  • Annual Rent Increases of All Four Leases
  • All Tenants Pay 4% Management Fee
  • Ample Parking (2.5 to 1000 Ratio)
  • Property is Equipped with 80% Drop Ceilings, Plug-N-Play with Phone System, Kitchen in Space, Lab Conference & Storage Space, One Dock and Grade Level Door
  • Excellent Access to I-680 (164,000+ VPD) and I-880 (177,000+ VPD)
  • Located Within Close Proximity to Retail and Restaurant Corridors
  • Signalized Intersection with Excellent Front Street Exposure with Strong Traffic Counts – N. Milpitas Blvd. & E. Calaveras Blvd. 84,000+ VPD
  • Milpitas Ranks First in the United States with the Largest Percent of Residents Employed in the Computer and Electronics Industry
  • Daytime Population of Milpitas Increases by 20% due to Large Work Population. Milpitas is Home to Adaptec, Linear Technology, Cisco Systems, Phoenix Technologies, Among Others
  • 1 Mile from the Great Mall – Home Depot, Dave & Busters, Outback, Olive Garden and BevMo!

Closing Price: $6,650,000
Closing CAP:  5.07%

Listing Agents:  Clifton McCrory, Dan Hoogesteger and Chris Sands 

For More Information Contact:

Clifton McCrory
Lic #99847

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