Property Description

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.

Features
: 50.00
: Other, Flat
: Central
: Central Air
: Public
MLS Addon
C2S
08313001
$49,938
0
$0
0
0
22/04/2025 05:39:19
Listing courtesy of
NextHome Axis Realty
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Commercial For Sale

16 CorningAvenue, Milpitas, California, 95035

20,939 Sqft
Visits : 6 in 140 days
$3,995,000
Listing ID #ML82003329
Basic Details
Status : Active
Listing Type : For Sale
Property Type : Commercial
Property SubType : Single Family Residence
Price : $3,995,000
Price Per Square Foot : $191
Square Footage : 20,939 Sqft
Year Built : 1978
View : Mountain(s)
Listing ID : ML82003329
Agent info
Rina Maya
Designated Broker
Contact Agent
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