SCOTT BLVD

1150S C O T T B LV D.

Santa Clara

Wendy Leung, CCIMVice President Avison Young650.425.6416wendy.leung@avisonyoung.comRE License # 01407609

Rusty CohanSenior Managing DirectorNewmark Knight Frank408.982.8445rcohan@ngkf.comRE License # 00860231

FOR SALEMedical Office BuildingLeased Investment or Owner-User

NEW PRICING$4,750,000

Cap Rate: 5.1%

Investment Summary

Avison Young and Newmark Knight Frank are pleased to present the exclusive offering for the property known as 1150 Scott Boulevard in Santa Clara, California. This investment offering is for a ±9,296 square foot office facility comprised of 4 separate freestanding buildings. The building is currently 85% leased with two suites available for a potential owner-user or investor to capitalize on today’s market rentals.

The land on which the buildings are situated measures ±32,925 square feet and is zoned OA (Professional Office Zoning). The property is highly visible with approximately 300 feet of frontage on Scott Boulevard, and offers 50 on- site single parking stalls. This is an ideal opportunity for an investor, owner/user, or a value add developer.

Property Overview

Building Size: ±9,296 square feet

Land Size: ±32,925 square feet

Zoning: OA (Professional Office Zoning)

Parking: 50 on-site parking stalls and abundant non-metered street parking

Year Built: 1961

APN: 290-10-033

Financial Summary

Price: $4,750,000

Actual Gross Income: $265,944

Projected Gross Income: $334,116

Projected Net Income: $242,953 (Based on 100% occupancy)

Asking Rental Rate: $3.25/sf Full Service Gross (Tenant pays own janitorial)

Projected Cap Rate: 5.1% on income with vacant units leased

1150S C O T T B LV D.

Wendy Leung, CCIMAvison Young650.425.6416wendy.leung@avisonyoung.comRE License # 01407609

For more information or to schedule a tour, please contact:

Rusty CohanNewmark Knight Frank408.982.8445rcohan@ngkf.comRE License # 00860231

© 2020 Avison Young - Northern California, Ltd. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.

Medical Office BuildingLeased Investment

FOR SALE 1150S C O T T B LV D.

Santa Clara

Robin Lambert Mells, DDSUnit 301 - Vacant

Building Size: ±9,296 square feet Lot Size: ±32,925 square feet

Number of Buildings: Four (4) separate buildings Zoning: OA (Professional Office Zoning)

Year Built: 1961 APN: 290-10-033

Basements: All 4 buildings have basements for storage

Lot Configuration: 299’x110’ Rectangular lot

Elevators: None Parking: Fifty (50) car parking with abundant non-metered street parking

Sprinklers: None

Occupancy: 85% occupied

Wendy Leung, CCIMAvison Young650.425.6416wendy.leung@avisonyoung.comRE License # 01407609

For more information or to schedule a tour, please contact:

Rusty CohanNewmark Knight Frank408.982.8445rcohan@ngkf.comRE License # 00860231

© 2020 Avison Young - Northern California, Ltd. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.

Medical Office BuildingLeased Investment

FOR SALE 1150S C O T T B LV D.

Santa Clara

SCOTT BOULEVARD

Projected Gross Income

$334,116Projected Net Income

$242,953Estimated Expenses

$91,163Cap Rate

5.1%

Wendy Leung, CCIMAvison Young650.425.6416wendy.leung@avisonyoung.comRE License # 01407609

For more information or to schedule a tour, please contact:

Rusty CohanNewmark Knight Frank408.982.8445rcohan@ngkf.comRE License # 00860231

© 2020 Avison Young - Northern California, Ltd. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.

Medical Office BuildingLeased Investment

FOR SALE 1150S C O T T B LV D.

Santa Clara

Rent Roll

Expenses

Projected Net Income: $242,953

Cap Rate: 5.1%

Price: $4,750,000

Unit Tenant Monthly Rent Square Feet Rent PSF Start Date Exp. Date Deposits

Held Options

102 Rafia Syed, DDS $5842.00 1,863$37.63/yr

$3.14/mth6/01/1995 12/31/2021 $1,134.00 None

201 Rose Garden Acupuncture $2,779.00 989$33.72/yr

$2.81/mth5/01/2015 6/30/2020 $2,800.00 None

202 Eugenia Friedland, DDS $3,153.00 1,051$36.00/yr

$3.00/mth1/01/1998 5/30/2020 $1,543.00 None

203 James Son, MD $2,586.00 862$36.00/yr

$3.00/mth1/01/1999 12/31/2019 $1,535.00 None

301 Vacant (Projected Rent) $2,691.00 828$39.00/yr

$3.25/mthN/A N/A $0.00 None

302 Robin Lambert Mells, DDS $2,426.00 828$35.16/yr

$2.93/mth6/01/1988 12/31/2020 $864.00 None

401 Dr. Jon Scott $5,376.00 1,955$33.00/yr

$2.75/mth9/01/1991 7/31/2020 $3,000.00 None

402 Vacant (Projected Rent) $2,990.00 920$39.00/yr

$3.25/mthN/A N/A $0.00 None

Total $27,843.00 9,296

Statement of Operations Actual 2017 Actual 2018 Actual 2019

Electric/Refuse/Water $26,677 $26,631 $12,274

Gas Service $2,468 $2,207 $2,617

Grounds Maintenance $7,800 $8,200 $7,950

*HVAC Repair/Maintenance $5,217 $4,527 $5,849

Insurance - Property $1,527 $1,641 $2,005

*Repairs & Maintenance $1,474 $2,528 $2,702

Refuse Collection $775 $740 $766

Taxes - Property $8,375 $8,485 $57,000

Total Expenses $54,313 $54,959 $93,563

IncomeActual Gross Income: $265,944Projected Increase in Income By Leasing Two Vacant Units: $68,172Potential Gross Income: $334,116

ExpensesNew Property Taxes: $57,000Property Insurance: $2,005Actual Other Expenses: $32,158Total Expenses: $91,163

*3 Years Average

2019 property taxes grossed up to reflect asking price

MONTEREY BAY

SANPABLO

BAY

SANFRANCISCO

BAY

SAN MATEO

MOUNTAINVIEW

PALO ALTO

REDWOODCITY

LIVERMORE

SAN RAMON

MILPITAS

WALNUTCREEK

CONCORD

MILL VALLEY

HAYWARD

FREMONT

ALAMEDA

BERKELEY

MORGAN HILL

GILROY

VALLEJO

SONOMA

DAVIS

ROSEVILLE

SAN RAFAEL

SAN MATEO

MOUNTAINVIEW

PALO ALTO

REDWOODCITY

LIVERMORE

SAN RAMON

MILPITAS

WALNUTCREEK

CONCORD

MILL VALLEY

HAYWARD

FREMONT

ALAMEDA

BERKELEY

MORGAN HILL

GILROY

VALLEJO

SONOMA

DAVIS

ROSEVILLE

SAN RAFAEL

SACRAMENTO

STOCKTON

MODESTO

SAN JOSE

OAKLAND

SANFRANCISCO

NAPA

SANTAROSA

SANTACRUZ

SACRAMENTO

STOCKTON

MODESTO

SAN JOSE

OAKLAND

SANFRANCISCO

NAPA

SANTAROSA

SANTACRUZ

80

80

80

680

680

880280

580 580

5

5

5

99

37

1

1

1

101

101

50

101

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Wendy Leung, CCIMAvison Young650.425.6416wendy.leung@avisonyoung.comRE License # 01407609

For more information or to schedule a tour, please contact:

Rusty CohanNewmark Knight Frank408.982.8445rcohan@ngkf.comRE License # 00860231

© 2020 Avison Young - Northern California, Ltd. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.

Medical Office BuildingLeased Investment

FOR SALE 1150S C O T T B LV D.

Santa Clara

SITE

Location Summary1150 Scott Boulevard is located in the heart of Silicon Valley. The major transportation routes which feed into Santa Clara are Interstate 101 and 880. El Camino Real, San Tomas Expressway and Lawrence Expressway provide accessibility to the area as well. The building is located one and a half miles away from Santa Clara Caltrain station and approximately four (4) miles from San Jose International Airport. There are excellent demographics within the surrounding community, and the property is conveniently located near single family residential, multi-family apartment complexes, and commercial retail properties.

ZoningThe property is zoned OA (Professional Office zoning) allowing for office uses such as:

(a) Medical/Professional offices such as: doctor, dentist, accountant, architect

(b) Clinics and ethical pharmacies

(c) Convalescent homes, nursing homes, homes for the ambulatory aged

(d) Nursery, preschool

(e) Parking lot and/or parking structure

(f ) Incidental and accessory buildings and uses on the same lot with and necessary for the operation of any permitted use. (Zoning Ord. §15-3).

Wendy Leung, CCIMAvison Young650.425.6416wendy.leung@avisonyoung.comRE License # 01407609

For more information or to schedule a tour, please contact:

Rusty CohanNewmark Knight Frank408.982.8445rcohan@ngkf.comRE License # 00860231

© 2020 Avison Young - Northern California, Ltd. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.

Medical Office BuildingLeased Investment

FOR SALE 1150S C O T T B LV D.

Santa Clara

SITE

Wendy Leung, CCIMAvison Young650.425.6416wendy.leung@avisonyoung.comRE License # 01407609

For more information or to schedule a tour, please contact:

Rusty CohanNewmark Knight Frank408.982.8445rcohan@ngkf.comRE License # 00860231

© 2020 Avison Young - Northern California, Ltd. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.

Medical Office BuildingLeased Investment

FOR SALE 1150S C O T T B LV D.

Santa Clara

DownloadPreliminary Title Report

DownloadColor-Coded Plat Map

Parcel Map

Demographics

5 Mile Information

1 mi radius 3 mi radius 5 mi radiusPopulation 29,764 207,753 654,344

Households 11,291 77,200 245,175

Population Median Age 37.40 37.10 37.20

5 Yr Pop Growth (Total%) 2.01% 3.28% 3.99%

461,628Employees

$112,147Medium HH Income

34,717Business