RETAIL/COMMERCIAL BUILDING FOR SALE · HAMILTON AVE CAMPBELL AVE SAN TOMAS EXPY WINCHESTER BLVD 17 S S S A C R D C A C A CM C B C C L &DPSEHOO&LW\2]FHV 7. ... La Spa Bella Derma Darling

$Page 1: RETAIL/COMMERCIAL BUILDING FOR SALE · HAMILTON AVE CAMPBELL AVE SAN TOMAS EXPY WINCHESTER BLVD 17 S S S A C R D C A C A CM C B C C L &DPSEHOO&LW\2]FHV 7. ... La Spa Bella Derma Darling$
DOUG FERRARICA BRE [email protected]

DIXIE DIVINECA BRE 00926251 & [email protected]

FOR SALE378 E CAMPBELL AVECAMPBELL, CALIFORNIA

RETAIL/COMMERCIAL BUILDING FOR SALE 378 E Campbell Avenue | Campbell, California



1543 Lafayette Street, Suite C Santa Clara, 95050

Office 408.879.4000 www.primecommercialinc.com

Prime Commercial, Inc. has obtained the information contained herein from sources we deem reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is subject to errors, modification, omission, change of price and/or terms, prior lease sale or financing, or withdraw without notice. It may include projections, opinions, or assumptions or estimated for example only, and they may represent current or future performance of the property. You and your tax and legal advisors should conduct your own of the property and transaction. The information provided in this brochure are estimates only, not representations, and are not intended to be relied upon for any purpose. All demographic information contained in this brochure is obtained from STDB.




CONFIDENTIALITY & DISCLAIMER TABLE OF CONTENTS

Prime Commercial, Inc. has been retained on an exclusive right to sell basis to market 378 East Campbell Avenue. The information herein distributed by Prime Commercial, Inc. is intended to be viewed only by the parties specifically targeted by Prime Commercial, Inc. The investment package should not be made available to any other parties unless first verified, in writing, by Prime Commercial, Inc. This Investment offering has been prepared to provide a summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Prime Commercial, Inc. has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this investment offering has been obtained from sources Prime Commercial, Inc., deems reliable; however, Prime Commercial, Inc. has not verified and will not verify any of the information contained herein, nor has Prime Commercial, Inc. conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take the appropriate measures to verify all of the information set forth herein.

The Seller expressly reserves the right, at its sole discretion, to withdraw the Property from the market. Seller and Prime Commercial, Inc. reserves the right, expressed or implied, to reject any offer to purchase the property and to terminate discussions with any person or entity reviewing this offering memorandum until and unless the seller executes and delivers a signed purchase agreement with terms acceptable to the Seller.

Property Summary............................................. 3

Property Offering & Highlights....................... 3

Property Overview.............................................. 4

Location................................................................. 5

Area Map............................................................... 6

Aerial Map............................................................. 7

Plat Map ................................................................ 8

Parking Map ........................................................ 9

2




PROPERTY SUMMARY

Offering Price $3,195,000

Building Area 3,836 SF Gross

Land Area 0.163 Acres

Year Built 1960

On Site Parking 9 Spaces

PROPERTY OFFERING

Prime Commercial, Inc., is pleased to offer 378 East Campbell

Avenue for sale in Campbell, California. This single-story

commercial building lies in central downtown Campbell near

the southeast corner of East Campbell Avenue and South

Central Avenue. Currently the building is 100% occupied by a

hair salon, which is scheduled to expire on December 31, 2019.

This property provides either an owner-user or investor one

of the best locations in downtown Campbell with the added

amenity of on-site parking.

PROPERTY HIGHLIGHTS• Prominent “Main & Main” location in Downtown Campbell

• High walkability near VTA Light Rail Station

• Clearspan roof system with no interior vertical penetrations

• Rare on-site parking for 9 vehicles

• No long term occupancy- perfect for owner-user or investor

•Well maintained building

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PROPERTY OVERVIEW

LOCATION378 East Campbell AvenueCampbell, California 95008

SITEThe subject is located near the southeast corner of East Campbell Avenue and South Central Avenue.APN 412-07-036

LAND AREARectangular parcel totalling 7,103 Square Feet.

BUILDING AREA378 East Campbell Avenue is a single-story commercial retail building that was built in 1960. Construction materials consist of concrete slab foundation, concrete block walls with anodized aluminum storefront facing East Campbell Avenue. The roof system consists of wood beams with plywood deck covered with macadam. Ceiling height is approximately 12 feet with a clear span (there are no vertical penetrations). The interior is served by two roof mounted HVAC units. At one time, the building was split into two units and could easily be done today as there is a second entrance on the west side of the building. Along the west side of the building is a paved driveway leading to the rear parking lot which is paved and striped for nine vehicles.

PARKINGOn-site, private lot for nine vehicles

TRAFFIC COUNTSE Campbell Avenue 29,194 ADTSouth Central Avenue 14,436 ADT

ZONINGPer the city of Campbell the subject site is currently zoned as C-3 (Central Business District).

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LOCATION

378 East Campbell Avenue has a prominent and highly visible location in downtown Campbell. The central downtown district is bound by the VTA train tracks at the east, Winchester Boulevard to the west, Orchard City Drive to the south and Civic Center Drive to the north. East Campbell Avenue is the primary commercial thoroughfare that bisects the downtown area and is developed with older and newer commercial buildings that are occupied on their ground floors by restaurants, retail stores and boutiques, and some limited commercial service establishments.

The downtown district is very walkable, but also easily accessible by car, with numerous free parking lots and garages throughout the area. The Campbell VTA Light Rail station is located approximately one block south of 378 East Campbell Avenue and City Hall with its Main Library is just one block to the north. Other points of interest in the area include the Los Gatos Creek Trail and park, and The Pruneyard Shopping Center just a short walk to the east.

Commercial rents in Campbell are very stable and there is very little vacancy. Values are expected to increase in this charming and unique downtown with its historic architecture, ease of access, and abundance of free parking.

CAMPBELL DEMOGRAPHICS

Estimated Population 2019 43,675Percent Change Since 2010 .78%Median Age 40.2Total Households 17,608Average People per Household 2.47Average Household Income $149,816Median Household Income $116,580

CAMPBELL TOP EMPLOYERS

ChargePoint, Inc. 400Daley’s Drywall & Taping 385Barracuda Networks 350SAAMA Technology 274On-Site.com 230

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AREA MAP

6




AERIAL MAP

HAMILTON AVE

CAMPBELL AVE

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WIN

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17

US Social SecurityAdministration

Campbell Recreation DeptCampbell Adult Center

Aqui Cal-Mex

Campbell Brewing Co.

Campbell LibraryCampbell City Offices

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PLAT MAP

8




PARKING MAP

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20 or 30 Minute.................................... 8

Private Parking................................ 610

Long Term........................................ 853

2-Hour............................................... 238

4-Hour................................................. 22

20-Minute Loading............................... 3

SpacesDesignated Parking 8am-6pm, except Sunday and Holidays

City Hall Parking...............................127

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Documents

RETAIL/COMMERCIAL BUILDING FOR SALE · HAMILTON AVE CAMPBELL AVE SAN TOMAS EXPY WINCHESTER BLVD 17 S S S A C R D C A C A CM C B C C L &DPSEHOO&LW\2]FHV 7. ... La Spa Bella Derma Darling