The Globe | 18-20 S 2nd St
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The Globe 18-20 S 2nd St
17,500 SF 100% Leased Office Building San Jose, CA 95113 $3,110,625 CAD ($178 CAD/SF)
Investment Highlights
- Prime Downtown San Jose location
- Brand new tenant improvements for workspace environment
- Walking distance (or short DASH shuttle) to Diridon Caltrain Station and future BART Station on East Santa Clara Street
- Single tenant leased investment
- Directly across from VTA light rail stop
- Long Term lease with Regus, ±9 years remaining
Executive Summary
Newmark, as exclusive advisor, is pleased to present the unique opportunity to acquire the fee simple interest in a 100% leased, single tenant asset consisting of ±17,500 RSF leased to Regus (IWG PLC) located in Downtown San Jose.
This rare opportunity to acquire a leased investment, provides the investor the ability to own newly renovated office space in the prominent and growing Downtown San Jose market with a 10+ year commitment from one of the largest coworking companies in the world. Not only did the Tenant commit to a 10 year initial term, but the lease also provides upside for an investor through profit participation.
This rare opportunity to acquire a leased investment, provides the investor the ability to own newly renovated office space in the prominent and growing Downtown San Jose market with a 10+ year commitment from one of the largest coworking companies in the world. Not only did the Tenant commit to a 10 year initial term, but the lease also provides upside for an investor through profit participation.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
17,500 SF
Building Class
B
Year Built/Renovated
1964/2008
Price
$3,110,625 CAD
Price Per SF
$178 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
17,500 SF
Building FAR
0.40
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
C3 - Commercial
Parking
171 Spaces (9.77 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Fitness Center
- Natural Light
- Perimeter Trunking
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Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Biker's Paradise (92)
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VIDEOS
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PHOTOS
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The Globe | 18-20 S 2nd St
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