For Sale 11,318 Sq

1016-1018 FOR SALE 11,318 SQ. FT. LAND S. ALMADEN AVENUE OFFICE / RETAIL / MIXED-USE SAN JOSE, CA

Ideal Development

Opportunity

Willow Street

South Almaden Avenue

PROPERTY SUMMARY FEATURES LOCATION: 1016 - 1018 South Almaden Aveune • Signalized corner lot San Jose, CA 95110 • Less than 2 miles from: Negotiable ASKING PRICE: -Downtown San Jose LAND SIZE: Approximately 11,318 sq. ft. (buyer to verify) -Diridon and Tamien Caltrain stations APN: 434-07-087 Zoning: CP (More Info link) 434-07-0 88 Zoning: R-M (M ore Info link) • Close proximity to all major freeways GENERAL PLAN: M.U.C - Mixed-use commercial (More Info link) • Wide range of development uses • Ideal residential or retail development opportunity

For further information or to schedule a tour, please contact: Lloyd H. Bakan Wendy Leung, CCIM Principal Vice President 650.425.6418 650.425.6416 [email protected] [email protected] CA License # 00914232 CA License # 01407609 The above statement was made based upon information furnished to us by the owner or from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and we do not make any guarantee, warranty or representation about it. The property offered is subject to prior sale, lease, change of price or withdrawal from the market without notice. 1016-1018 S. ALMADEN AVE SAN JOSE, CA

Vehicles Street Per Day Frontage Land Size Zoning 10,175 VPD 129’ on 1016 S. Almaden 11,318 sq. ft. CP (APN: 434-07-087) 40’ on 1018 S. Almaden (0.26 acres) R-M (APN:434-07-088) General Plan SJ 2040: Zoning M.U.C

Downtown San Jose

Diridon Station

1016-1018 S Almaden

10 Min. Drive Time

5 Min. Drive Time

Tamien Station

Demographics 1-Mile 3-Miles 5-Miles 2016 Estimated Population 41,297 272,942 715,864 2016 Census Population 37,435 249,209 662,606 2016 Estimated Households 13,542 90,565 228,850 2016 Census Households 12,153 82,513 212,562 Median Household Income $50,233 $65,020 $75,256 Per Capita Income $28,861 $33,671 $34,654 Average Household Income $82,986 $99,470 $107,191

# San Jose’s Top Employers Employees 1 County of Santa Clara 17,476 San Jose Airport 2 Cisco Systems 15,470 Santa Clara Station 3 eBay 6,130 College Park Station 4 City of San Jose 5,928

Downtown 5 San Jose State University 4,480 Diridon Station San Jose 6 U.S. Postal Service 3,900 7 Western Digital 2,660 8 IBM 2,360 Tamien Park Station 1016-1018 S Almaden 9 San Jose USD 2,320 10 Kaiser Permanente 2,290

Capitol Station 11 Good Samaritan Hospital 2,110 12 Adobe Systems, Inc. 2,010 CLOSE PROXIMITY TO:

San Jose Airport Major Freeways Schools Public Downtown Transportaion San Jose

San Jose Market Overview

San Jose is a global city, notable as a center of innovation, for its affluence and high cost of living. San Jose’s location within the booming high tech industry, as a cultural, political, and economic center has earned the city the nickname “Capital of Silicon Valley”.

San Jose is one of the wealthiest major cities in the United States and the world, and has the third highest GDP per capita in the world (after Zurich, Switzerland and Oslo, Norway), according to the Brookings Institution. With a median home price of $1,085,000, San Jose has the most expensive housing market in the country and the fifth most expensive housing market in the world, according to the 2017 Demographia International Housing Affordability Survey. Major global tech companies including Cisco Systems, eBay, Cadence Design Systems, Adobe Systems, PayPal, Brocade, Samsung, Acer, and Western Digital maintain their headquarters in San Jose, in the center of Silicon Valley. A large concentration of major employers, like Adobe, Morgan Stanley and Pricewaterhouse Cooper (PwC) are located in Downtown San Jose, which is less than 1 1 2 mile from the subject property in what is referred to, in combination with the Downtown area, Central San Jose . The Downtown boasts an impressive network of public transportation consisting of an abundance of bus stops, light rail stations and also Caltrain, where future residents of this site will be able to take advantage of convenient commutes throughout the immediate area and up the Peninsula to San Francisco.

San Jose State University, located about 1 1 2 mile from the subject property, also a major employer and respected institution of higher learning in the region, and has become a destination for many local and international students looking to get an education in the technology capital of the world.