Hillview Office Center

Property Type Office - General Office
Property Size 29,040 SF
Lot Size 2.27 Acre
Parking Spaces Avail. 40
Parking Ratio 1.40/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1985

Location

Map
Street

City Milpitas, CA
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 24 May, 1996
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination 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

View more Milpitas market trends

Tax

Property Tax in 2021-2022 $53,104
Market Value* $4,477,162
Assessed Value $4,477,162

Find more tax info, including assessment history and abatements, on CommercialEdge

*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 Hillview Office Center?

Hillview Office Center totals 29,040 square feet.

When was this property built?

Hillview Office Center was built in 1985.

When was Hillview Office Center last sold?

Hillview Office Center was last sold on 24 May, 1996.

What is the property tax for Hillview Office Center?

The property tax for Hillview Office Center in 2021-2022 was $53,104.

What is the market value for Hillview Office Center?

The market value* for Hillview Office Center in 2021-2022 was $4,477,162.
*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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