Office for sale...Multi-tenant Office Building Excellent Tenant Mix Built 1980 2.13 Acre Ralph Longo | 408-529-1362 [email protected] BRE #01526612 Global Commercial

Office for sale 5671 Santa Teresa Blvd, San Jose, CA 95123

Ralph Longo 408-529-1362

Interior Photos

For Sale $6,525,000

Property Highlights

Full Service Leased Offering

28,400 SF

Excellent Location

Multi-tenant Office Building

Excellent Tenant Mix

Built 1980

2.13 Acre Ralph Longo | 408-529-1362

[email protected]

BRE #01526612

Global Commercial Properties

Office for sale 5671 Santa Teresa Blvd., San Jose, CA 95123


Disclaimer | Confidentiality

For Sale $6,525,000

Property Highlights NNN Lease

13,633 SF

Willow Glen Location

2

The information contained in the following Marketing Brochure is proprietary and strictly

confidential. It is intended to be reviewed only by the party receiving it from Global

Commercial Properties, Inc. and should not be made available to any other person or

entity without consent of Global Commercial Properties, Inc. This information has been

prepared to provide summary and information to prospective purchasers, for the

solicitation of interest and is not an offer to sell the property. Only a fully executed Real

Estate Purchase Agreement shall bind the property.

The information provided herein is deemed to be accurate and to establish only a

preliminary level of interest in the subject property. The information contained herein is

not a substitute for thorough due diligence investigation. Global Commercial Properties,

Inc. has not made any independent investigation, and makes no warranty or

representation, with respect to the present or future use or zoning of the subject property,

the future projected financial performance of the property, the size measurements or

boundaries of the property and improvements, ADA-related issues or compliance, the

presence or absence of contaminating or hazardous substances, PCB’s or asbestos, the

compliance with State, Federal, County or municipal law, nor the physical condition of the

improvements thereon. The information contained in this Marketing Brochure has been

obtained from sources believed to be reliable; however, Global Commercial Properties, Inc.

has not verified, and will not verify, any of the information contained herein, nor has

Global Commercial Properties, Inc. conducted any investigation regarding these matters

and makes no warranty or representation whatsoever regarding the accuracy or

completeness of the information provided. Prospective purchaser is advised and agrees to

make its own investigation and determination regarding all matters affecting the value,

condition, utility, size, compliance with Laws, and all aspects of the Property’s desirability

and suitability for Purchasers intentions.

The information contained herein is subject to change without notice and the recipient of

these materials shall not look to the Owner or the Broker, Global Commercial Properties,

Inc., or any of their officers, employees, representatives, independent contractors or

affiliates, for the accuracy or completeness thereof.

Property will be shown by appointment only. Please do not disturb occupants of the

property.

Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]




For Sale $6,525,000


13,633 SF


1 PROPERTY OVERVIEW

3 Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]




Executive Summary

For Sale $6,525,000


13,633 SF


PROPERTY

This property exudes pride of

ownership as it was built new in 1980

by the previous owner. Construction

is of extremely high quality which gives

this building its timeless look. The

building is 28,400 feet and near fully

leased by 7 Tenants. The 2.13 acre lot

is accessed by both Santa Teresa Blvd

as well as Coleman Road.

LOCATION

This Santa Teresa office center is

located in the affluent San Jose sub-

market known as Santa Teresa. Santa

Teresa is home to many high tech

households with very high average

incomes and lofty home prices. The

neighborhoods were primarily built in

the early 1970’s. Average home prices

in the Santa Teresa/Almaden Valley

area are roughly $1,000,000.

INCOME

This is a leased investment, with the

average rent of approximately $2.40 per

square foot. The Tenant base is very

stable with seasoned leases and many Tenants on multiple renewal terms.

Investment Overview

4

Sale Price

CAP

Lot Size

Building Size

Lease Type

Year Built

Market

APN

Zoning

$13,000,000

4.25%

2.13 Acres

28,400 SF

Full Service

1980

San Jose

694-18-019

Commercial

Property Overview

Property Overview

Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]




Tenant Summary

(Picture)


13,633 SF


This Santa Teresa property offers a very stable tenant base, with long term leases in

place.

Western Bancorp: Welcome to the next generation of smarter wholesale lending. Western Bancorp is

ready to prove how today’s complex lending environment can be simplified and streamlined so you

can provide outstanding service – and close more loans.

Keller Williams: Keller Williams is one of the most successful and innovative residential real estate

companies. A recent occupant and an excellent addition, bringing stability and community to the

building as provided by the local ownership.

Viva: Vascular Interventional Advances (VIVA) is a not-for-profit physician organization dedicated to

advancing the field of vascular medicine and intervention through education and research.

Community Solutions: is a comprehensive non-profit human services agency serving South Santa

Clara County and the surrounding areas of South San Jose and San Benito County. Since 1972,

Community Solutions has responded to the growing and changing needs of our community, serving

several thousand people from young children to older adults each year by providing wellness and

recovery based behavioral health services, empowerment-based domestic violence and sexual assault

services, and strength-based prevention and intervention services.

Chicago Title Company: with its rich history of over 160 years, Chicago Title offers its customers

the most comprehensive and accurate real estate related services in the Nation.

Sun Consulting: Sun Consulting’s primary product, TOA suite, is an enterprise software solution

that supports Operations Logging, Outage Scheduling, Coordination and Reporting for Electric, Gas

and Water utilities.

Tenant Overview

5

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Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]




Photos

For Sale $6,525,000


13,633 SF


6 Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]




For Sale $6,525,000


13,633 SF


2 FINANCIAL OVERVIEW

7 Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]




Financial Summary

(Picture)


13,633 SF


* Assumes 4% annual increases

8

For Sale | $13,000,000.

Net Operating Income

CAP Rate

Monthly

Santa Teresa Blvd & Coleman Ave

San Jose, CA

CAP Rate

Building SF

Year Built

Lease Type

Type of Ownership

4.25% 28,400 1980 Full Service Fee Simple

Estimated Annualized

Operating Data * Year 1 Year 3 Year 5

$551,694

4.25%

$45,974

$596,712

4.6%

$49,726

$645,404

4.9%

$53,784

Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]




Rent Roll Summary

(Picture)


13,633 SF

WillowGlen Location

Tenant Overview

9

For Sale | $13,000,000 Santa Teresa Blvd & Coleman Rd

San Jose, CA

Tenant

Name

Western Bancorp

Keller Williams

Cypress Professional

Viva

Community Solutions

Community Solutions

Community Solutions

Chicago Title

Sun Consulting

Sun Consulting

GLA

6,500

4,000

1,350

2,158

3,341

2,600

1,811

3,556

1,280

1,650

Lease

Begin

1/1/2017

8/1/2015

10/1/2016

5/1/2015

10/1/2013

10/1/2013

10/1/2013

4/1/2009

10/1/12

10/1/12

Lease

End

12/31/2026

7/31/2020

9/30/2019

4/30/20

5/31/2020

5/31/2020

5/31/2020

2/28/2020

1/31/2019

1/31/2019

Annual

Rent

$180,000

$112,320

$37,908

$64,097

$231,217

Incl.

Incl.

$110,498

$83,788

Incl.

INCR

4%

4%

4%

4%

4%

4%

4%

3%

3%

3%

OPTIONS

1-4yr

1-4yr

1-1yr

_

1-5yr

_

_

n/a

1-2yr

1-2yr

Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]




For Sale $6,525,000


13,633 SF


3 LOCATION OVERVIEW

10 Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]



PARCEL MAP

(Picture)


13,633 SF


Tenant Overview

11


Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]



MAPS

(Picture)


13,633 SF


Tenant Overview

12


Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]




LOCATION MAP

(Picture)


13,633 SF


Tenant Overview

13 Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]

Office forsale 5671 Santa Teresa Blvd., San Jose, CA 95123



AERIAL PHOTO

(Picture)


13,633 SF


Tenant Overview

14 Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]




For Sale $6,525,000


13,633 SF


4 DEMOGRAPHICS ANALYSIS

15 Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]



DEMOGRAPHICS REPORT

(Picture)


13,633 SF


Tenant Overview

16

Santa Teresa Blvd & Coleman Rd| San Jose, CA

1 Miles | 3 Miles | 5 Miles

Total Adult Population

Total Number of Households Average Household Income

Median Age

Total Population – White

Total Percent – White

Total Population – Black Total Percent – Black

Total Population – Hispanic

Total Percent – Hispanic

Total Population – Asian Total Percent – Asian

Total Population – Indian

Total Percent – Indian

Total Population – Other Total Percent - Other

Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]

15,486 143,466 291,996 6,766 62,475 123,972 115,271 129,900 128,094 38 38 38 11,369 105,275 204,710 57.18% 55.64% 52.86% 8776,264 6,264 11,870 4.41% 3.31% 3.06% 5,419 46,668 104,483 27.75% 24.66% 26.98% 3.579 44,106 98,734 18.00% 23.31% 25.49% 1921,430 3,024 3,024 0.97% 0.76% 0.78% 18,332 174,683 351,759 23.05% 23.08% 22.71%




DEMOGRAPHICS OVERVIEW

(Picture)


13,633 SF


Tenant Overview

17

Santa Teresa Blvd & Coleman Rd | San Jose, CA

Total Population

Total # of Households

Average Household

Income

1 MILES 3 MILES 5 MILES

19,884 189,213 387,290

6,766 62,475 123,972

115,271 129,900 128,094

38 38 38

Total Population

Total # of Households

Avg. Household Income

Median Age

Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]



Interior Photos

For Sale $6,525,000

Ralph Longo | 408-529-1362

DRE# 01202211

[email protected]

Documents

Office for sale...Multi-tenant Office Building Excellent Tenant Mix Built 1980 2.13 Acre Ralph Longo | 408-529-1362 [email protected] BRE #01526612 Global Commercial