CLOSED · SALE · SAN JOSE

357 East Taylor Street

San Jose, CA

Transaction Value

$10,500,000

Size

CAP Rate: 3.99% | Rentable SF: 129,646 | Price/Rentable SF: $80.98 | Parcel Size: 165,963 SF (3.81 AC) | Year Built: 1956

Year Closed

2017

PROPERTY PHOTOS

TRANSACTION SUMMARY

Sale closed in San Jose, CA

The Ida Group represented this sale transaction at 357 East Taylor Street in San Jose, CA, closed in 2017. The property totals CAP Rate: 3.99% | Rentable SF: 129,646 | Price/Rentable SF: $80.98 | Parcel Size: 165,963 SF (3.81 AC) | Year Built: 1956.

This is one of 150+ industrial and commercial real estate transactions The Ida Group has closed across the Bay Area and beyond. Contact us for full transaction details or to discuss a similar opportunity.

INVESTMENT HIGHLIGHTS

Rare single tenant asset located in the Japantown area of San Jose
Generational redevelopment opportunity - future potential to redevelop the entire parcel at the end of the lease term
Significantly below market rent - current annual rent is $0.36/SF (estimated market rent $0.70/SF)
Corporate lease from Gordon Biersch with annual CPI rental escalations (no less than 3%, no greater than 8%)
Mission critical, state-of-the-art facility designed and engineered by Dan Gordon, co-founder of Gordon Biersch
San Jose has a median yearly household income nearly $50,000 higher than the national median

LOCATION

357 East Taylor Street, San Jose, CA

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