691 South Milpitas Blvd, Milpitas, CA

Property Type Office - General Office
Property Size 103,955 SF
Lot Size 6.76 Acre
Parking Spaces Avail. 415
Parking Ratio 4.00/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1998

Location

Map
Street

City Milpitas, CA
Neighborhood Milpitas
Zip Code 95035
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 22 Dec, 2016
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 Milpitas

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 Milpitas Office Market

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

2020 Avg. Asking Rent $31.60
2020 Office Vacancy Rate 13.42%
2020 Office Completions (SF)

Milpitas Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $319.47
Y-o-Y Avg. PpSF Change -17.18%
2020 Office Sales Volume $216.6M
2020 Number of Transactions 3

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Tax

Property Tax in 2021-2022 $162,878
Market Value* $13,732,255
Assessed Value $13,732,255

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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 691 South Milpitas Blvd?

691 South Milpitas Blvd totals 103,955 square feet.

When was this property built?

691 South Milpitas Blvd was built in 1998.

When was 691 South Milpitas Blvd last sold?

691 South Milpitas Blvd was last sold on 22 Dec, 2016.

What is the property tax for 691 South Milpitas Blvd?

The property tax for 691 South Milpitas Blvd in 2021-2022 was $162,878.

What is the market value for 691 South Milpitas Blvd?

The market value* for 691 South Milpitas Blvd in 2021-2022 was $13,732,255.
*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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