1705 & 1745 - loopnet · colliers international 450 west santa clara street. san jose, ca 95113...

Colliers International450 West Santa Clara StreetSan Jose, CA 95113P: +1 408 282 3800

John B. MachadoExecutive Vice President+1 408 282 3862 dir+1 408 234 2606 [email protected] Lic. No. 00876747

1705 & 1745

El Camino RealSANTA CLARA | CA

For Sale Retail Shopping Center on ±2.18 Acres of Land

TABLE OF CONTENTS

EXTERIOR PHOTOS 3

PROPERTY PROFILE 4

AERIAL OF PROPERTY 5

PARCEL MAP / LOCATION MAP 6

PROPERTY OFFERING / RENT ROLL 8

MIXED USE LAND: USE GOALS & POLICIES 12

2 1705 & 1745 El Camino Real // Santa Clara // CA

EXTERIOR PHOTOS

1705 & 1745 El Camino Real // Santa Clara // CA 3


PROPERTY PROFILE

ADDRESS 1705 & 1745 El Camino Real

CITY / STATE Santa Clara, CA

APN # 224-49-009 & 224-49-012

IMPROVEMENTS(1) ±11,651 SF of multi-tenant single story retail constructed new in approx. 1975

(2) ±6,000 SF free standing Denny's restaurant constructed new in approx. 1976

LAND 2 adjacent parcels of land totalling ±2.18 Acres (±94,960 SF)

PROPERTY DIMENSIONS ±400’ linear feet of frontage on El Camino Real with depth ranging from 170' to 300'

ACCESS Multiple curb cuts on El Camino Real

ZONING Thoroughfare Commercial

GENERAL PLAN Community Mixed Use

AERIAL OF PROPERTY

EL CAMINO REAL

SCOTT BLVD

CIVIC CENTER DRLINCOLN ST1745 EL CAMINO REAL

SANTA CLARA, CA

1705 EL CAMINO REAL SANTA CLARA, CA


LOCAL MAPPARCEL MAP



The subject property is located conveniently between Highway 101 and Capitol Expressway in San Jose, CA.


PARCEL MAP / LOCATION MAP

NEW RESIDENTIAL DEVELOPMENTS

SAN TOMAS EXP

Approximately 2,000 residential units recently completed or under construction within 1.5 miles of the property.

LAWR

ENCE EX

P

EL CAMINO REAL

SITE

Alviso TownhomesUnder Construction

Units: 40

Downtown GatewayUnder Construction

Units: 44

Anantara VillasUnder Construction

Units: 56

Mariani's Inn ResidencesPending Review

Units: ±390

Madison PlaceUnder Construction

Units: 28

Catalina TownhomesPending Review

Units: ±54Summerhill HomesPending Review

Units: ±151

Villas on the BoulevardCompleted in 2017

Units: ±186

Gateway VillageUnder Construction

Units: 476

Completed in 2015Units: 133

The DeckPending Review

Units: 66

Alexis Condo ComplexCompleted in 2015

Units: 60

Moonlight LanesPending Review

Units: ±60


MONTHLY BASE RENT $33,883.50

MONTHLY VACANT RENT (PROJECTED) $5,245.00

MONTHLY PERCENTAGE RENT (DENNY'S) $5,000.00

TOTAL MONTHLY PROJECTED RENT $44,128.50

ANNUAL PROJECTED RENT $529,542.00

SALES PRICE $12,500,000

CAPITALIZATION RATE 4.24%

PRICE PER SQ FT BUILDING $708.17

PRICE PER SQ FT LAND $131.63

SALES PRICE $12,500,000


PROPERTY OFFERING


RENT ROLL

1745 EL CAMINO REAL SFLEASE TYPE

BASE RENT

ANNUAL RENT

RENT/SF

% RENT (9%)

TOTAL ANNUAL RENT

RENT/SF BEGIN END

ANNUAL INCREASE

OPTIONS

DENNY'S 6,000 NNN $11,000.00 $132,000.00 $22.00 $60,000.00 $192,000.00 $32.00 9/1/96 4/30/20 Flat Rent No Options

1705 EL CAMINO REAL SFLEASE TYPE

BASE RENT ANNUAL RENT RENT/SFBEGIN END

ANNUAL INCREASE

OPTIONS

BANK OF THE WEST 3,424 NNN $8,863.60 $106,363.20 $31.06 9/1/98 12/31/23 3.00%2-5 Year @

FMR.

VACANT 2,098 NNN $5,245.00 $62,940.00 $30.00

ALL STATE INSURANCE 793 NNN $1,592.40 $19,108.80 $24.10 1/1/14 12/31/19 3.00% No Options

ELEGANT NAILS 856 NNN $1,686.00 $20,232.00 $23.64 6/1/14 5/31/19 3.00% No Options

SHERWIN-WILLIAMS COMPANY 4,480 NNN $10,741.50 $128,898.00 $28.77 12/10/13 12/31/23 3.00%

2-5 Year @ FMR.

LEASE TERM

LEASE TERM

PRIME RETAIL LOCATION

SANTA CLARAUNIVERSITY

DOWNTOWNSAN JOSE

EL CAMINO REAL

Traffic count on El Camino Real: 28,000 VPD

SITE


LAND USE DIAGRAM

LAFAYETTE ST

TASMAN DR

GREA

MISSIO NC O LLEGE BLVD

LAW

R ENC

EEX

PWY

SAN

TOM

ASEX

PWY

LAW

R EN

CE

EXPW

Y

CENTRAL EXPWY

CENTRAL EXPWY

SCOTT BLVD

LAFAYETTE

ST

BLVD

AGNEW RD

LICK

MILL BLVD

HOPE DR

BOW

ERS

AV

E

OCS

TT

LBVD

C ABRILLO AVE

MONRO E ST

MONROE ST

LINCOLN ST

ZUR

CL

DVB

EL C AMIN O REAL

WASHINGT ON ST

BEN TON ST

HOMESTEAD RD

BEN TON ST

MARKET ST

SARATO

GA AVE

NEWH ALL ST

I

POM

ERO

Y AV

E

CALABAZAS

280

101

237

880

UNION PACIFIC RRCALTRAIN

CaltrainStation

SA

NTA CLARAVTA LIGHT RAIL

STEVENS CREEK BLVD

AVE

CALTRAIN

CaltrainStation

12/10

MILES

40 acres

10acres

Figure 5.2-2Land Use DiagramPhase II: 2015-2025

Rail & Light Rail

Stations

City Limits

C reek

Trail

Proposed Trail

Very Low Density Residential

Low Density Residential

Medium Density Residential

High Density Residential

Community Commercial

Regional Comme r cial

Neighborhood Mi x ed Use

Community Mi x ed Use

Regional Mixed Use

Public/Quasi Public

Parks/Open Space

Light Industrial

Heavy Industrial

Santa Clara Station Area

Downtown Co re

Open Space - (with new development 1)

N ew Neighborhood Retail

1 Actual size and location to be determined in planning process

Neighborhood Commercial YWKP

ACIRE

MA

Exception Areas for Places of Assembly and Entertainment Uses.

Revised: November 16, 2010

MONTAGUE EXPWY

WALSH

BLVD

KIELYBLV D

AVEDG E

HOMESTEAD RD

PRUN ER

GRE

AT

High

BOW

E RAV

ES

LAFAYETTE ST

TASMAN DR

GREA

MISSIO NC O LLEGE BLVD

LAW

R ENC

EEX

PWY

SAN

TOM

ASEX

PWY

LAW

R EN

CE

EXPW

Y

CENTRAL EXPWY

CENTRAL EXPWY

SCOTT BLVD

LAFAYETTE

ST

BLVD

AGNEW RD

LICK

MILL BLVD

HOPE DR

BOW

ERS

AV

E

OCS

TT

LBVD

C ABRILLO AVE

MONRO E ST

MONROE ST

LINCOLN ST

ZUR

CL

DVB

EL C AMIN O REAL

WASHINGT ON ST

BEN TON ST

HOMESTEAD RD

BEN TON ST

MARKET ST

SARATO

GA AVE

NEWH ALL ST

I

POM

ERO

Y AV

E

CALABAZAS

280

101

237

880

UNION PACIFIC RR

CALTRAIN

CaltrainStation

SA

NTA CLARAVTA LIGHT RAIL

STEVENS CREEK BLVD

AVE

CALTRAIN

CaltrainStation

12/10

MILES

40 acres

10acres

Figure 5.2-2Land Use DiagramPhase II: 2015-2025

Rail & Light Rail

Stations

City Limits

C reek

Trail

Proposed Trail

Very Low Density Residential

Low Density Residential

Medium Density Residential

High Density Residential

Community Commercial

Regional Comme r cial

Neighborhood Mi x ed Use

Community Mi x ed Use

Regional Mixed Use

Public/Quasi Public

Parks/Open Space

Light Industrial

Heavy Industrial

Santa Clara Station Area

Downtown Co re

Open Space - (with new development 1)

N ew Neighborhood Retail

1 Actual size and location to be determined in planning process

Neighborhood Commercial YWKP

ACIRE

MA

Exception Areas for Places of Assembly and Entertainment Uses.

Revised: November 16, 2010

MONTAGUE EXPWY

WALSH

BLVD

KIELYBLV D

AVEDG E

HOMESTEAD RD

PRUN ER

GRE

AT

High

BOW

E RAV

ES

SITE


Mixed‐use development in the City includes a range of intensities and uses, from Neighborhood Mixed Use and Community Mixed Use with medium‐density residential development to Regional Mixed Use with higher overall allowed development for both commercial and residential uses. The Land Use Diagram identifies locations for mixed‐use development throughout the City. Mixed‐use development serves a specific function in the City and is designated along major transportation corridors, near existing and future residential neighborhoods. Mixed uses emphasize access to transit with an active ground floor, neighborhood‐serving retail uses and parking located in the rear or below‐grade. Civic spaces, such as small plazas or gathering areas, provide a focus for pedestrian activity.Figure 5.3‐2 illustrates these concepts. Mixed‐use developments should have an identifiable palette of streetscape amenities and buildings close to public sidewalks for pedestrian access and safety, as shown in Figure 5.3‐3. Goals and Policies related to mixed‐use development are listed below. Additional policies, unique to the City’s Focus Areas are described in Section 5.4, including specific policies for El Camino Real and Downtown. Policies defined in the Mobility and Transportation section, related to transit and pedestrian accessibility, also apply.

MIXED USE LAND USE GOALS

5.3.4‐G1 Mixed‐use development that is located and designed to support high quality uses and the City’s economic development.

5.3.4‐G2 Mixed‐use development of a scale and character that is compatible with surrounding neighborhoods.

5.3.4‐G3 Mixed‐use development that maximizes accessibility to alternate transportation modes and integrates pedestrian, bicycle, transit, open space and outdoor uses to encourage active centers.

5.3.4‐G4 Commercial uses that provide a pedestrian‐oriented streetscape, with residential uses either above or behind.

MIXED USE LAND USE POLICIES

5.3.4‐P1 Transform underutilized commercial centers into new mixed‐use destinations, consistent with applicable land use classifications.

5.3.4‐P2 Encourage mixed‐use development in proximity to employment centers and residential neighborhoods throughout the City.

5.3.4‐P3 Prohibit single‐use development in mixed‐use classifications unless allowed under Focus Area or Neighborhood Compatibility Policies.

5.3.4‐P4 Require mixed‐use development to meet the density and intensity specified in the land use classifications.

5.3.4‐P5 Encourage mixed‐use development site planning and design to implement the elements illustrated in Figures 7.3‐2 and 7.3‐3, including street tree planting along all streets.

5.3.4‐P6 Locate a neighborhood square or plaza within large mixed‐use developments.

5.3.4‐P7 Use design techniques, such as stepping down building heights, and siting incompatible activities, such as loading and unloading, away from residential uses.

5.3.4‐P8 Encourage building heights of up to five stories in large mixed‐use developments along arterial street frontages, with the potential for taller buildings north of the Caltrain corridor.

5.3.4‐P9 Encourage ground‐level windows and building entries that support a visual connection to activities.

5.3.4‐P10 Require parking to be substantially below‐grade or in structures with active uses along streets.

5.3.4‐P11 Foster active, pedestrian‐oriented uses at the ground level, such as retail shops, offices, restaurants with outdoor seating, public plazas or residential units with front stoops, in mixed‐ use development.


MIXED USE LAND: USE GOALS AND POLICIES

5.3.4‐P12 Prioritize pedestrian‐oriented streetscape and building design in mixed‐use development, including features such as wider sidewalks, street furniture, specialty planters, signage, public art, street trees, special paving materials, decorative awnings, enhanced entrances, colors, variety of materials and textures and distinctive building massing and articulation.

5.3.4‐P13 Encourage pedestrian linkages in mixed‐use areas through measures such as enhanced lighting, curb bulb‐outs, mid‐block pedestrian crossings, pedestrian “refuge” areas in planted medians and pedestrian‐oriented building frontages.

5.3.4‐P14 Provide a network of streets and pedestrian connections in large mixed‐use developments.

5.3.4‐P15 Maximize opportunities to connect streets, bicycle facilities and pedestrian pathways to improve accessibility between mixed‐use development and surrounding neighborhoods, parks, open spaces, transit and public amenities. Provide clear signage, high visibility, adequate lighting and special paving to enhance pedestrian and bicycle facilities.

5.3.4‐P16 Discourage auto‐oriented uses, such as drive‐through retail establishments, auto repair, and service stations in mixed‐use designations, except under certain circumstances within the Community Mixed‐Use designation in the El Camino Real Focus Area.

5.3.4‐P17 For Neighborhood and Community Mixed Use properties under one‐half acre, allow mixed‐use development of entirely residential uses or development of entirely commercial or community serving office uses in order to facilitate development on smaller lots, consistent with the required density and intensity ranges as well as other applicable General Plan policies.

5.3.4‐P18 Prohibit Specified Regulated Businesses, as defined under this General Plan, in all developments in Mixed‐Use designations that include residential uses.


This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2018. All rights reserved.

Colliers International450 West Santa Clara Street

San Jose, CA 95113P: +1 408 282 3800

BROKER OPINION OF VALUE 1705 & 1745 El Camino Real // Santa Clara // CA

John B. MachadoExecutive Vice President+1 408 282 3862 dir+1 408 234 2606 [email protected] Lic. No. 00876747

1705 & 1745 - loopnet · colliers international 450 west santa clara street. san jose, ca 95113...

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