2560-2574 Lafayette ST, Santa Clara, CA 95050

$3,930,000
Sold Price
$3,930,000
List Price
$4,998,000
Closing Date
Jul 19, 2021
MLS#
ML81831900
Status
SOLD
Property Type
com
Lot Size
53,991
Listing Area
Santa Clara
Year Built
1951

Property Description

This industrial complex was initially constructed in 1951, has been developed to include 3 separate freestanding buildings and is currently 100% leased to 5 tenants with term & mo. to mo. rental agreements. Over the past several decades, the base of industrial buildings of this nature has been significantly reduced as these properties have been redeveloped to Residential, Retail & Office/R&D. Today, we generally find that the demand for buildings within this category exceeds the local supply. Given a relative low building to land coverage ratio of only 34%, this property provides for uncommon parking & outside material storage. Given that the 3 buildings have been demised into multiple units, this property may offer a prospective buyer the opportunity to occupy a portion of the complex, while collecting rent and with the objective of expanding over time. Located just off Central Expressway and with quick access to Highways 101 & 880, this is a very central Silicon Valley location.

Additional Information

Acres
1.24
Age
70
Cooling System
Other
Foundation
Concrete Slab
Garage Parking
Other
Heating System
Other
Lot Size
53,991
Neighborhood
Santa Clara
Other Utilities
Other
Present Use
Industrial, Warehouse
Roof
Tar and Gravel
Sewer
Sewer Connected
Special Features
None
Zoning
MH

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Rick Bell from Compass. 408-829-4853

Selling Office: APR.

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