200 Jose Figueres Avenue 280, San Jose, CA 95116

1,356 sqft

Commercial Property
Built in 2007
8,568sqft lot
—— car garage
$687/sqft
Listed 2 months ago

Property Description

Perfect for 1031 Exchange: Management-Free Cash Flow! NNN Leased Medical Office Condo Investment. One of the few Audiology clinics in the region offering: Audiology Evaluations and Hearing Aids based on insurance contracts and medical community referrals, Hearing Aid Programming, Fitting and Customization, and Ongoing Care, Maintenance and Cleanings. Excellent in-place income and 5% ANNUAL increases. 11 Years Remaining on NNN lease. Tenant responsible for ALL expenses and maintenance (other than HOA responsibilities, which the tenant also pays the fees for). 6.5% current cap rate, 10.59% cap rate in the final year of the lease. Excellent location for Medical Office. Next to Regional Medical Center. Surrounded by other medical offices. Easy Access to 680, 101, and downtown San Jose

Listing Status:: Active
Date Added:: April 1, 2025 at 05:00AM
Listing Office:: Compass : (650) 941-1111
Listing Agent:: Bryan Danforth : 650-274-5227
MLS ID:: ML82000537

A/C: Central Air
Heating: Central

This listing courtesy of Bryan Danforth, Compass

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Pegasus High School

1776 Edal Park Dr, San Jose, CA, 95133

Grades 11-12

0.60 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.