Intero Real Estate Services
Ana Maria Russo, Intero Real Estate ServicesPhone: (408) 691-5837
Email: [email protected]
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listing
1 of 13
CommercialFor Sale
$3,995,000
16 Corning Avenue
Milpitas, CA 95035
Listing Office: NextHome Axis Realty
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$20,721/mo

Exceptional Investment or Owner-User Opportunity in Milpitas! Rare chance to acquire a strategically located, income-producing office property in thriving Milpitas. Immediate value-add potential with 12 leases due for amendmentsconvert lease terms from Gross to NNN and adjust rents to market rates to unlock instant equity. Property Highlights: * 20,939 SF two-story office building on prominent corner lot * 32 suites occupied by a diverse tenant mix of professionals and small businesses * Gross Scheduled Income: $34,717/month ($416,606 annually) * Current occupancy: 89% * Ample on-site parking * Prime location near I-880, I-680, BART, VTA, and major retail centers including the Great Mall ** Value-Add Opportunities ** * Upgrade HVAC, electrical systems, and improve water efficiency to reduce operating costs * Implement green building features to attract eco-conscious tenants * Lease vacant spaces and reposition underperforming suites at market rates * Ideal for investors seeking asset appreciation or owner-users looking to secure premium office space in one of the Bay Areas fastest-growing business hubs.

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Information courtesy of NextHome Axis Realty is subject to verification and is not guaranteed.
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