Retail/ Office Or Redevelopment Opportunity 200 N Bascom Ave, San Jose, CA 95128 telRETAIL/OFFICE+1 415 358 2111 OR REDEVELOPMENT OPPORTUNITY cell +1 415 297 5586 fax +1 415 354 3501 200 N Bascom Ave (Aka 200, 204, 206 & 208 N Bascom)
Confidential Offering Memorandum presented by: Mary Alam, MBA Vice President O: (415) 358-2111 M: (415) 297-5586 F: (415) 354-3501 [email protected] CA BRE #01927340
Table of Contents
5 Section 1 Property Information
12 Section 2 Location Information
24 Section 3 Demographics Confidentiality & Disclosure Agreement
The information contained in the following Investment Summary is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from NAI Northern California Investment Real Estate Brokerage and should not be made available to any other person or entity without the written consent of Broker. This Investment Summary has been prepared to provide 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. Broker 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 performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue occupancy of the subject property.
The information contained in the Marketing Brochure has been obtained from sources we believe to be reliable; however, Broker has not verified, and will not verify, any of the information contained herein, nor has Broker conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must take appropriate measures to verify all of the information set forth herein.
4 PROPERTY INFORMATION 1 1 PROPERTY INFORMATION
Executive Summary
Property Summary Property Overview
Sale Price: $2,500,000 NAI Northern California is pleased to present an ideal opportunity to acquire a freestanding medical/office/ retail building located in Lot Size the heart of San Jose, CA. This 5,872 SF property has ample parking and is situated on 4 parcels with a total 20,059 SF of land Per Surveyor: 20,059 SF (as measured by a surveyor). It has served as a French bakery and cafe as well as a pet facility in the past and is now vacant Per Official Record: 14,950 SF and ready to be re-positioned or redeveloped for multiple uses Building Size: 5,872 SF (excluding residential). There is plenty of upside given its central location near O'Connor Hospital and other medical facilities, Price Per SF (Land) $124 (as measured) Westfield Valley Fair Mall, Santana Row and many retailers plus schools and colleges and substantial surrounding demographics Price Per SF $425 in excess of 250,000 people within a 3 mile radius. The property has easy access to downtown San Jose, Hwys APN's 274-21-044-01 101, 280, 680, 880, 17 and more. It enjoys excellent visibility near 274-21-044-02 the busy intersection of N Bascom and Naglee and a high traffic 274-21-044-03 count in excess of 21,000 vehicles. This location is also less than 274-21-044-04 five miles from the highly anticipated Apple's 86-acre campus in North San Jose, at 2325 Orchard Way and North First Street, near Mineta San José International Airport. Location Overview NAI Northern California is pleased to present an ideal opportunity to acquire a freestanding medical/office/ retail building located in the heart of San Jose, CA. This 5,872 SF property has ample 6 parking and is situated on 4 parcels with a total 20,059 SF of land (as measured by a surveyor). It has served as a French bakery and cafe as well as a pet facility in the past and is now vacant and ready to be repositioned or redeveloped for multiple uses (excluding residential). There is plenty of upside given its central location near O'Connor Hospital and other medical facilites, Westfield Valley Fair Mall, Santana Row and many retailers plus schools and colleges and substantial surrounding demographics in excess of 200,000 people within a 3 mile radius.
The property has easy access to downtown San Jose, Hwys 101, 280, 680, 880, 17 and more. It enjoys excellent visibility near the busy intersection of N Bascom and Naglee and a high traffic count in excess of 21,000 vehicles. This location is also less than five miles from the highly anticipated Apple's 86-acre campus in North San Jose, at 2325 Orchard Way and North First Street, near Mineta San José International Airport. 1 PROPERTY INFORMATION
Property Details
PROPERTY TYPE: Retail / Office Or Redevelopment Opportunity PROPERTY ADDRESS: 206, 208, 210 N Bascom Ave San Jose, CA 95128 PROPERTY TYPE: Retail APN: 274-21-044-01 274-21-044-02 274-21-044-03 274-21-044-04 GROSS LEASABLE AREA: 5,872 SF ZONING: CP - Commercial Pedestrian YEAR BUILT: 1938 ALLOWED USES Retail, Office, Medical (NO DRIVE THRU) LOT SIZE 20,059 (as measured) 14,950 (per title)
7 1 PROPERTY INFORMATION
Property Highlights
Property Highlights
• Four parcels located on over .46 acres in a central San Jose location
• Multiple uses permitted (medical, office, retail)
• Prominent corner lot on N Bascom and Forest Avenues
• 114.39 ft street frontage on N Bascom Ave.
• High traffic count near busy four-way intersection of N Bascom and Naglee
• One to one and half miles from Westfield Valley Fair Mall and famous Santana Row
• Major medical, retail, office and residential presence nearby
• Less than 5 miles from the planned 86 acre Apple campus.
8 Surveyor Documents
9 Surveyor Documents
10 1 PROPERTY INFORMATION
Site Plan
11 LOCATION INFORMATION 2 2 LOCATION INFORMATION
Nearby Medical Facilities
Facilities Within 1/2 Mile O'Connor Hospital: 0.4 Miles From Subject
O'Connor Hospital O’Connor Hospital, opened in 1889, was the 1st hospital in Santa Clara County. In 1953, it moved to its Bischoff Medical current site on Forest Ave and is still affiliated with the Daughters of Charity Health System, as it continues to Skyline Health Center provide care with a focus on the needs of those living in poverty and under served. O’Connor Hospital is the only Lab Corporation Catholic Hospital in San Jose, serving a population of 1.7M residents. The hospital has 358-beds and offers full Da Vita Dialysis range of inpatient and outpatient medical, surgical specialty programs. Specialties include cancer treatment, Santa Clara Valley Medical Center cardiology and cardiac rehabilitation, emergency, medical imaging, orthopedic and joint replacement, spine and pain management, stroke, vascular and a Wound Care Clinic. The Emergency Department features 21 beds, board certified physicians & specialty trained nurses. O’Connor is home to one of the only family medicine residency programs in the Bay Area, an affiliation with Stanford University.
13 2 LOCATION INFORMATION
New Planned 86 Acre Apple Campus
14 2 LOCATION INFORMATION
Regional Map
200 N Bascom Ave
15 2 LOCATION INFORMATION
Location Maps
16 2 LOCATION INFORMATION
Aerial Map
17 2 LOCATION INFORMATION
Retailer Map
18 2 LOCATION INFORMATION
Retailer Map
19 Additional Photos
20 Additional Photos
21 Neighboring Properties
22 About San Jose, CA San Jose is the 3rd largest city by population in California, the 10th largest by population in the United States, and the county seat of Santa Clara County. San Jose is the largest city within the Bay Area and the largest city in Northern California. According to the United States Census Bureau, the city has a total area of 180.0 sq mi, of which 3.4 sq mi (1.91%) is water.
The city is generally divided into the following areas: Downtown San Jose, Central, West San Jose, North San Jose, East San Jose, and South San Jose. Many of these regions were originally unincorporated communities or separate municipalities that were later annexed by the city. Important landmarks in San Jose include Children’s Discovery Museum of San Jose, History Park at Kelley Park, Cathedral Basilica of St. Joseph, Plaza de César Chávez, Dr. Martin Luther King, Jr. Library, Mexican Heritage Plaza, Rosicrucian Egyptian Museum, Lick Observatory, Hayes Mansion, SAP Center at San Jose, Hotel De Anza, San Jose Improv, San Jose Municipal Stadium, Spartan Stadium, Japantown San Jose, Winchester Mystery House, Raging Waters, Circle of Palms Plaza, San Jose City Hall, San Jose Flea Market, Oak Hill Memorial Park, and The Tech Museum of Innovation.
The large concentration of high-technology engineering, computer, and microprocessor companies around San Jose has led the area to be known as Silicon Valley. As the largest city in the valley, San Jose has billed itself “the capital of Silicon Valley.” Area schools such as the University of California, Berkeley, University of California, Santa Cruz, San Jose State University, San Francisco State University, California State University, East Bay, Santa Clara University, and Stanford University pump thousands of engineering and computer science graduates into the local economy every year. San Jose lists many companies with 1,000 employees or more, including the headquarters of Adobe, Altera, Brocade Communications Systems, Cadence Design Systems, Cisco Systems, eBay, and Xilinx, as well as major facilities for Becton Dickinson, Ericsson, Hewlett-Packard, Hitachi, IBM, Kaiser Permanente, KLA Tencor, and Qualcomm, and Samsung. San Jose is home to the San Jose Sharks of the NHL, the San Jose Earthquakes of Major League Soccer, as well as the San Jose SaberCats of the Arena Football League.
Rail service to and from San Jose is provided by Amtrak (the Sacramento–San-Jose Capitol Corridor and the Seattle–Los-Angeles Coast Starlight), Caltrain (commuter rail service between San Francisco and Gilroy), ACE (commuter rail service to Pleasanton and Stockton), and a local light-rail system connecting downtown to Mountain View, Milpitas, Campbell, and Almaden Valley, operated by the Santa Clara Valley Transportation Authority (VTA). Historic streetcars from History Park operate on the light rail lines in downtown during holidays. The San Jose area has a large freeway system, including three Interstate freeways and one U.S. Route. DEMOGRAPHICS 3 3 DEMOGRAPHICS
Area Demographics
25 Traffic Count
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Confidential Offering Memorandum presented by: Mary Alam, MBA Vice President O: (415) 358-2111 M: (415) 297-5586 F: (415) 354-3501 [email protected] CA BRE #01927340
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