Wednesday, July 18, 2007
San Jose Shopping Center for Sale
This is a very well price strip center in San Jose's North Valley. Fully occupied by local tenants (which I believe provides very good stability) and two name brand tenants plus a cell tower. This is a good deal. $3,950,000 at a 6.6% cap rate!!! The land alone at that price is $110 per foot - not bad for long term development.