131 Albright Way, Los Gatos, CA

Property Type Office - General Office
Property Size 114,000 SF
Lot Size 0.99 Acre
Parking Spaces Avail. 399
Parking Ratio 3.50/ 1,000 SF
Property Tenancy Single Tenant
Building Class A
Year Built 2015

Location

Map
Street

City Los Gatos, CA
Zip Code 95032
Market Bay Area

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 17 Jan, 2019
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date
Loan Maturity Date

Market Trends

Average Actual Rents in Los Gatos

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Los Gatos Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $74.12
2020 Office Vacancy Rate 4.30%
2020 Office Completions (SF)

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Tax

Property Tax in 2021-2022 $1,116,852
Market Value* $96,873,316
Assessed Value $96,873,316

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 131 Albright Way?

131 Albright Way totals 114,000 square feet.

When was this property built?

131 Albright Way was built in 2015.

When was 131 Albright Way last sold?

131 Albright Way was last sold on 17 Jan, 2019.

What is the property tax for 131 Albright Way?

The property tax for 131 Albright Way in 2021-2022 was $1,116,852.

What is the market value for 131 Albright Way?

The market value* for 131 Albright Way in 2021-2022 was $96,873,316.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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