CA > Milpitas
Milpitas, CA 95035,16 Corning Avenue
Milpitas, CA 95035,16 Corning Avenue
Milpitas, CA 95035,16 Corning Avenue
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Deeana Owens

Deeana Owens

+1(678) 250-3471
Listed by Melinda Collins • NextHome Axis Realty
$3,995,000
Est. payment /mo
20,939 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 20,939 sqft

Price per Sqft $190

MLS Listing ID ML82003329

HOA Y/N No

Year Built 1978

Lot Size 0.680 Acres

Property Sub-Type Comm Ind For Sale

Source Datashare MLSListings

Property Description

Exceptional Investment or Owner-User Opportunity in Milpitas! Rare chance to acquire a strategically located, income-producing office property in thriving Milpitas. Immediate value-add potential with 12 leases due for amendmentsconvert lease terms from Gross to NNN and adjust rents to market rates to unlock instant equity. Property Highlights: * 20,939 SF two-story office building on prominent corner lot * 32 suites occupied by a diverse tenant mix of professionals and small businesses * Gross Scheduled Income: $34,717/month ($416,606 annually) * Current occupancy: 89% * Ample on-site parking * Prime location near I-880, I-680, BART, VTA, and major retail centers including the Great Mall ** Value-Add Opportunities ** * Upgrade HVAC, electrical systems, and improve water efficiency to reduce operating costs * Implement green building features to attract eco-conscious tenants * Lease vacant spaces and reposition underperforming suites at market rates * Ideal for investors seeking asset appreciation or owner-users looking to secure premium office space in one of the Bay Areas fastest-growing business hubs.

Location

State CA

County Santa Clara

Interior

Fireplace No

Building

Water Public

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Deeana Owens

+1(678) 250-3471

Broker | Owner | CA BRE#CA: 02015510, GA: 295613

Broker | Owner CA BRE#CA: 02015510, GA: 295613

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