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!
±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
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
±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