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
Property Details
Price:
$865,000
MLS #:
ML82000537
Status:
Active
Beds:
0
Baths:
0
Address:
Jose Figueres AV #280
Type:
Commercial
Neighborhood:
699
City:
San Jose
Listed Date:
Apr 1, 2025
State:
CA
Total Sq Ft:
1,356
ZIP:
95116
Lot Size:
8,568 sqft / 0.20 acres (approx)
Year Built:
2007
Schools
Interior
Cooling
C A
Heating
C F
Exterior
Parking Spots
0.00
Roof
O T H
Financial
Map
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Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. Jose Figueres AV #280
San Jose, CA
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