INVESTMENT HIGHLIGHTS

TENANT & LEASE DETAILS

• TENANT: Tri Star Industrial, one of the largest independent distributors in the Western U.S. for pipes, valves, fittings, bolts, nuts, gaskets, fabrication, and pipe supports
• LEASE EXPIRATION: September 2028 (No renewal options)
• PENDING INCOME: ±$1,355,916 in rent to be collected as of April 2025
• ANNUAL INCREASES: 4% per year
• OCCUPANCY STATUS: Tenant has vacated but remains obligated under the lease

 

PROPERTY & LOCATION

• LOCATION: Prime industrial site near Highway 101, I-880, and I-680
• PUBLIC TRANSIT: Adjacent to San Jose’s only BART station
• SURROUNDING DEVELOPMENT: Significant nearby apartment construction and ongoing growth
• ZONING: Heavy industrial

 

SITE & IMPROVEMENTS

• LOT SIZE: ±1.69 AC
• BUILDINGS: 3 structures totaling ±17,321 SF
• FLOOR AREA RATIO (FAR): 23%
• SPACE ALLOCATION: Well-balanced mix of office and warehouse space
• YARD: Fully fenced and paved
• POWER: 400 amps (buyer to verify)
• ACCESS: 4 grade-level doors in the warehouse

 

ADDITIONAL INCOME & MARKET

• BILLBOARD LEASES: Two leases with Clear Channel
• DEMOGRAPHICS (5-mile radius): ±570,506 residents with an average household income of $149,888