230 Umbarger Rd 41,600 SF 100% Leased Industrial Building San Jose, CA 95111 For Sale 7.87% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased until August 2025.
- Tremendous upside in moving to market rent.
- Below market rents on short term leases.
- Multi-tenant industrial property in heart of San Jose.
EXECUTIVE SUMMARY
The property at 230 Umbarger Road in San Jose, California, is a multi-tenant industrial complex comprising five buildings with a total area of 41,600 square feet. It is zoned as Heavy Industrial (MH), accommodating various industrial uses. The complex features units of varying sizes, all currently under short-term leases.
The property's proximity to the Santa Clara Fairgrounds enhances its appeal due to the area's accessibility and industrial demand.
Given the short-term nature of existing leases and the property's below-market rental rates, there is significant potential to adjust rents to current market levels upon lease renewals or by attracting new tenants. This strategy could substantially increase the property's income and overall value. The pro forma cap rate is around 7.87%.
In summary, 230 Umbarger Road presents a promising opportunity for investors seeking to capitalize on repositioning an industrial asset in a strategic location.
The property's proximity to the Santa Clara Fairgrounds enhances its appeal due to the area's accessibility and industrial demand.
Given the short-term nature of existing leases and the property's below-market rental rates, there is significant potential to adjust rents to current market levels upon lease renewals or by attracting new tenants. This strategy could substantially increase the property's income and overall value. The pro forma cap rate is around 7.87%.
In summary, 230 Umbarger Road presents a promising opportunity for investors seeking to capitalize on repositioning an industrial asset in a strategic location.
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Fenced Lot
- Signage
- Yard
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,826,450 CAD | |
| Land Assessment | $118,778 CAD | Total Assessment | $1,945,228 CAD |
