10,250 square feet · for sale | rare leased investment 10,250 square feet 70 s. jackson avenue,...
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FOR SALE | RARE LEASED INVESTMENT
10,250 Square Feet70 S. JACKSON AVENUE, SAN JOSE, CA
Project Highlights
> 10,250 SF School Part of 25,000 SF Project
> Formerly a High Traffic Post Office
> Long Term Leased Investment
> Located 1 Block Away from Highway 680 & 1/2 Mile from San Jose Regional Medical Center
> Grade Level and Dock High Access
> High Traffic Retail Corridor (Approximately 51,000 Cars/Day-2005)
> $7,250,000
> Rent Roll Attached - LED 12/31/47
SITEAlum Rock A
ve.
S. Jackson Ave.
N. Jackson Ave.
Capital Ave.
McKee
Rd.
King Rd.
White Rd.
Story R
d.
COLLIERS INTERNATIONALSilicon Valley450 West Santa Clara Street San Jose, CA 95113www.colliers.com
BRENT DRESSEN+1 408 282 [email protected] License No. 01425986
ARA BEZDJIAN+1 408 554 2525 EXT. [email protected] License No. 01224746
First Floor
70 S. Jackson Avenue
Drawings not exact/not to scale. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents. © 2017 Colliers International
Demographics
Investment Summary
(2017 Estimate) PopulationAvg. HH IncomeDaytime Population
1 Mile49,636$69,14037,598
2 Miles159,854 $82,659116,324
3 Miles 301,116$94,903230,748
Location:Purchase Price:Leasable Area:Year Built:Current NOI:Actual Cap Rate:Proforma NOI:Proforma Cap Rate:APN:Zoning:Lot Area:Acres:Occupancy Rate:
70 S Jackson Ave.$7,250,00010,250 SF2012$316,800 (100% Lease)4.4%N/AN/A484-41-162-54,450 SF1.25100%
> Excellent Tenant
> 4/1,000 Parking
> Ownership: Fee simple
First Floor
70 S. Jackson Avenue | Aerial
Drawings not exact/not to scale. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents. © 2017 Colliers International
N. Jackson Avenue
Alum Rock
Avenue
SITE
70 S. Jackson Avenue | Photo
Drawings not exact/not to scale. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents. © 2017 Colliers International
70 S. Jackson Avenue | Demographics
Drawings not exact/not to scale. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents. © 2017 Colliers International
70 S. Jackson Avenue Demographics
Drawings not exact/not to scale. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents. © 2011 Colliers International
San Jose, CaliforniaRetail Development Site
1650 Technology Drive, Suite 600San Jose, CA 95110P (408) 436-3677 | F (408) 436-3699www.terranomics.com
Jon [email protected] #01125699
MapInfo Corporation® Updated Summary Report (%) Prepared by: AnySite
2230 Alum Rock Ave San Jose, CA 95116
1 March 2010 Coordinates Longitude: -121.845310Latitude: 37.357537
1 MILE 2 MILE 3 MILE RING RING RING
3.14 SQ/MI 12.56 SQ/MI 28.27 SQ/MI
47,429 151,827 281,25545,942 148,079 277,95949,636 159,854 301,1168.04% 7.95% 8.33%5.70% 5.56% 5.70%
10,952 35,080 70,88711,726 36,391 74,61212,799 39,591 81,7489.15% 8.79% 9.56%6.21% 5.94% 6.26%
13,659 50,807 96,97828,393 92,879 144,9571,171 3,474 7,894
550 1,902 3,287 204 49,840 108,31117,262 52,830 84,646
$17,830 $20,472 $25,765$52,313 $62,277 $68,803$69,140 $82,659 $94,903
3.7 4.0 3.612,799 39,591 81,7485,053 20,295 41,8847,746 19,296 39,864
1,500 3,774 8,22137,598 116,324 230,748
POPULATION2000 Total Population 2010 Total Population 2017 Total Population Estimate% Population Change 2010-2017 % Population Change 2017-2022
HOUSEHOLDS 2000 Total Households 2010 Total Households 2017 Total Households Estimate% Households Change 2010-2017% Households Change 2017-2022
2017 RACE 2017 White Population 2017 Hispanic Population 2017 Black Population 2017 American Indian/Alaska Native 2017 Asian/Hawaiian/Pacific Islander 2017 Other Population (Incl 2+ Races)
2017 INCOME 2017 Per Capita Income 2017 Median Household Income 2017 Average Household Income
2017 Average Household Size 2017 Total Occupied Housing Units 2017 Total Owner Occupied Housing Units 2017 Total Renter Occupied Housing Units
2017 Total Establishments 2017 Total Daytime Population 2017 Total Daytime Work Population 9,098 25,774 62,856
70 S. Jackson Avenue | Demographics
Drawings not exact/not to scale. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents. © 2017 Colliers International
70 S. Jackson Avenue Demographics
Drawings not exact/not to scale. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents. © 2011 Colliers International
San Jose, CaliforniaRetail Development Site
1650 Technology Drive, Suite 600San Jose, CA 95110P (408) 436-3677 | F (408) 436-3699www.terranomics.com
Jon [email protected] #01125699
MapInfo Corporation® Updated Summary Report (%) Prepared by: AnySite
2230 Alum Rock Ave San Jose, CA 95116
1 March 2010 Coordinates Longitude: -121.845310Latitude: 37.357537
1 MILE 2 MILE 3 MILE RING RING RING
3.14 SQ/MI 12.56 SQ/MI 28.27 SQ/MI
31,498 102,044 196,0406,626 20,459 33,3294,204 12,877 21,4998,587 26,650 45,1385,322 17,175 33,4621,717 6,248 13,6094,133 14,143 34,029
631 3,413 11,066108 442 1,939170 637 1,969
63.46% 63.84% 64.10%21.04% 20.05% 17.00%13.35% 12.62% 10.79%27.26% 26.12% 23.02%16.90% 16.83% 17.07%
5.45% 6.12% 6.94%13.12% 13.86% 17.36%2.00% 3.35% 5.64%0.34% 0.43% 0.99%0.54% 0.62% 1.00%
33.67 33.80 34.5034.57 34.50 35.1632.85 33.17 33.91
38.91% 40.27% 41.05%37.06% 37.88% 38.05%
9.11% 7.95% 7.61%5.74% 5.05% 4.68%9.18% 8.85% 8.61%
2017 EDUCATIONAL ATTAINMENT 2017 Total Educational Attainment Age 25+ 2017 < 9th Grade 2017 9th-12th Grade 2017 High School Graduate (Incl Equivalency) 2017 Some College No Degree 2017 Associate Degree 2017 Bachelor's Degree 2017 Master's Degree 2017 Doctorate Degree 2017 Professional School Degree
% 2017 Total Educational Attainment Age 25+ % 2017 < 9th Grade % 2017 9th-12th Grade % 2017 High School Graduate (Incl Equivalency) % 2017 Some College No Degree % 2017 Associate Degree % 2017 Bachelor's Degree % 2017 Master's Degree % 2017 Doctorate Degree % 2017 Professional School Degree
2017 Median Age Total Population 2017 Median Age Female Pop 2017 Median Age Male Pop
2017 MARITAL STATUS % 2017 Never Married % 2017 Now Married % 2017 Divorced % 2017 Widowed % 2017 Separated
2017 Median Home Value $388,596 $461,878 $541,885
70 S. Jackson Avenue | Rent Roll
Drawings not exact/not to scale. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers International has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange, or execution of legal documents. © 2017 Colliers International
TENANT NAME: RSF: RENT: TERM: RSF/$: % SHARE SECURITY:
LAUNCHPAD DEVELOPMENT TWELVE, LLC
10,250 4/15/13 - 12/31/47 100.0% $50,000.00 10,250 $3,500.00 4/15-13 - 4/30/13 $0.34 10,250 $7,000.00 5/1/13 - 12/31/13 $0.68 10,250 $9,000.00 1/1/14 - 6/30/14 $0.88 10,250 $20,000.00 7/1/14 - 8/31/15 $1.95 10,250 $22,000.00 9/1/15 - 8/31/16 $2.15 10,250 $24,000.00 9/1/16 - 12/31/17 $2.34 10,250 $26,400.00 1/1/18 - 12/31/18 $2.58 10,250 $26,400.00 1/1/19 - 12/31/22 $2.58 10,250 $29,040.00 1/1/23 - 12/31/27 $2.83 10,250 $31,944.00 1/1/28 - 12/31/32 $3.12 10,250 $35,138.40 1/1/33 - 12/31/37 $3.43 10,250 $38,652.24 1/1/38 - 12/31/42 $3.77 10,250 $42,517.46 1/1/43 - 12/31/47 $4.15