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6293-6299 San Ignacio Road - LoopNet · 2018-01-11 · Near Numerous Retail Amenities, Lightrail &...

Date post: 10-Jul-2020
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FOR SALE - OWNER/USER HIGHLIGHTS: Seller Financing - 33% Down Payment 25% Office 1.13 Acre Lot Year Built: 2000 600 AMPS, 277/480 Volt Power Dock & Grade Level Loading 15.5’ to 18.5’ Clear Height in Warehouse 2/1,000 Square Foot Parking Ratio Fully Fire Sprinklered Heritage Oak Tree On Site Corner Location Highways 101 & 85 Immediate Proximity & Access Near Numerous Retail Amenities, Lightrail & Caltrain APN: 706-09-069 Sale Price: $6,000,000 ±23,600 Square Foot Free-Standing Light Industrial Building 6293-6299 San Ignacio Avenue, San Jose FOR SALE - OWNER/USER Please Contact Exclusive Agent: BRIAN COSTELLO + 1 408.316.7447 (cell) [email protected] BRE 01914680 34 W. SANTA CLARA STREET, SAN JOSE, CA. 95113 BRE #01209214 | www.ritchiecommercial.com 408.971.2700 f 408.971.1600 San Francisco | San Jose | Walnut Creek Occupy ±2,000 - 4,000 Rentable Square Feet of Office June 1, 2018 Occupy ±19,600 Rentable Square Feet of Office / Manufacturing September 1, 2020 Seller Interest Only Financing for Approximately First Two (2) Years (±Projected Break Even Cash Flow) NEW LISTING!
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Page 1: 6293-6299 San Ignacio Road - LoopNet · 2018-01-11 · Near Numerous Retail Amenities, Lightrail & Caltrain APN: 706-09-069 Sale Price: $6,000,000 ±23,600 Square Foot Free-Standing

FOR SALE - OWNER/USER

HIGHLIGHTS: Seller Financing - 33% Down Payment 25% Office 1.13 Acre Lot Year Built: 2000 600 AMPS, 277/480 Volt Power Dock & Grade Level Loading 15.5’ to 18.5’ Clear Height in Warehouse 2/1,000 Square Foot Parking Ratio

Fully Fire Sprinklered Heritage Oak Tree On Site Corner Location Highways 101 & 85 Immediate Proximity & Access

Near Numerous Retail Amenities, Lightrail & CaltrainAPN: 706-09-069Sale Price: $6,000,000

±23,600 Square Foot Free-Standing Light Industrial Building6293-6299 San Ignacio Avenue, San Jose

FOR SALE - OWNER/USER

Please Contact Exclusive Agent:

BRIAN COSTELLO+1 408.316.7447 (cell)[email protected] 01914680

34 W. SANTA CLARA STREET, SAN JOSE, CA. 95113BRE #01209214 | www.ritchiecommercial.com408.971.2700 f 408.971.1600

San Francisco | San Jose | Walnut Creek

Occupy ±2,000 - 4,000 Rentable Square Feetof Office June 1, 2018

Occupy ±19,600 Rentable Square Feet ofOffice / Manufacturing September 1, 2020

Seller Interest Only Financing for Approximately First Two (2) Years(±Projected Break Even Cash Flow)

NEW LISTING!

Page 2: 6293-6299 San Ignacio Road - LoopNet · 2018-01-11 · Near Numerous Retail Amenities, Lightrail & Caltrain APN: 706-09-069 Sale Price: $6,000,000 ±23,600 Square Foot Free-Standing

±23,600 Square Foot Free-Standing Light Industrial Building

6293-6299 San Ignacio Avenue, San Jose

Tenant RentableSquare Feet Occupied

Actual Monthly Rent Projected MonthlyRent

Lease Expiration

San Jose Mercury News ±19,600 $18,569.00, Modified Gross ($0.95/sf)

$18,569.00 ($0.95/sf) August 31, 2020

Wesale Electronics ± 2,000 $2,700.00, Modified Gross ($1.35/sf)

$3,200.00 ($1.60/sf) May 31, 2018

Choice Communications ± 2,000 $2,500.00, Modified Gross ($1.25/sf)

$3,000.00 ($1.50/sf) Month-to-Month

Total Actual Rent: $23,769.00 Total Projected Rent: $24,769.00

*All Tenants pay electricity and janitorial only

SELLER FINANCING TERMS:

• 4.8% Interest ($4,000,000) To August 31, 2020 - $16,000 Interest Only Payment• 6% Interest After August 31, 2020 - $25,772 Payment, 25-Year Amortization• Variable Rate September 1, 2030 at Not Less Than 6% (Approximately $3,040,000 Balance), Interest Rate

Adjusted Annually based on Bank Of America "Prime Rate" Plus 1.5%, Based On 15-Year Amortization

• 15% Prepayment Penalty • All Due 25 Years From Close Of Escrow

Page 3: 6293-6299 San Ignacio Road - LoopNet · 2018-01-11 · Near Numerous Retail Amenities, Lightrail & Caltrain APN: 706-09-069 Sale Price: $6,000,000 ±23,600 Square Foot Free-Standing

FOR SALE - OWNER/USER

±23,600 Square Foot Free-Standing Light Industrial Building6293-6299 San Ignacio Avenue, San Jose

BRIAN COSTELLO [email protected]: 1 408.316.7447 BRE #01914680

Please Contact Exclusive Agent:

FOR SALE - OWNER/USER

The information contained herein has been obtained from sources we deem reliable. We cannot, however assume responsibility for its accuracy.

WOMEN

MEN

OFFICE

WO

MEN

MEN

OFFICE

CUBES AVAILABLE

OFFICE

ENTRY

LOBBY

ITROOM

ELECTRICAL ROOM

WAREHOUSE/PRODUCTION

±17,600 SF Ground Floor Warehouse/Manufacturing ±2,000 SF Second Floor Rear Office Space

±2,000 SF Ground Floor Office Space ±2,000 SF Second Floor Office Space

Page 4: 6293-6299 San Ignacio Road - LoopNet · 2018-01-11 · Near Numerous Retail Amenities, Lightrail & Caltrain APN: 706-09-069 Sale Price: $6,000,000 ±23,600 Square Foot Free-Standing

±23,600 Square Foot Free-Standing Light Industrial Building6293-6299 San Ignacio Avenue, San Jose

Please Contact Exclusive Agent:

BRIAN COSTELLO+1 408.316.7447 (cell)[email protected] 01914680

34 W. SANTA CLARA STREET, SAN JOSE, CA. 95113BRE #01209214 | www.ritchiecommercial.com408.971.2700 f 408.971.1600

San Francisco | San Jose | Walnut Creek


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