- For Sale $6,880,000
- Property Type Retail
- Property Size 10,093 SF
- Lot Size 32,627 SF
- Parking Spaces Avail. 45
- Parking Ratio 4.50 / 1,000 SF
- Year Built 1987
- Date Updated Mar 30, 2026
Description
±10,093 SF Multi-Tenant Office/Medical/Retail Strip Center For Sale on S. Park Victoria Drive in Milpitas.
• Rare Owner User Opportunity – ±5,840 SF (58% of Building) Available For an Owner User to Occupy.
• 6 Unit Building – 5 of the 6 Units are Leased, Former Montessori School (±4,048 SF) is now Vacant, and the Adjacent ±1,792 SF
Unit is on a Month-to-Month Lease Allowing for an Owner User to Occupy 58% of the Building.
• NNN Investment Opportunity: 6.16% CAP Rate at a Proforma Rent of $3.50 SF NNN. ($35,325.50/mo. $423,906/yr)
• Large ±32,627 SF Parcel of Land with 45 Parking Stalls, Including 1 Handicap Space (4.5/1,000)
• Each Space is Separately Metered for Gas, Electricity, and HVAC (Except for 1207 & 1209 which Share a Common Meter &
HVAC Unit).
• Large Monument Sign on S. Park Victoria Dr.
• Separate Restrooms in Each Unit.
• Absolute NNN Leases (Tenants Reimburse for Property Taxes, Insurance, Common Area Fees, Property Management, 10%
Admin Fee, Parking Lot, Roof, and HVAC Repairs & Replacements).
• Zoning: CO – Commercial Office
• General Plan: NC – Neighborhood Commercial
• Located on S Park Victoria Dr - 8 Parcels Away from the Corner of Landess Ave & S Park Victoria Dr with Easy Access to
Highway 680.
• Surrounded by a Mix of National Retailers & Professional Office Uses.
False
Contacts
Meacham/Oppenheimer CORFAC International
Meacham/Oppenheimer CORFAC International