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2 North 1st Street

Off-Market

2 North 1st Street, San Jose, CA 95113

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 43,400 SF
  • Lot Size 0.2 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1948

Location

  • City San Jose, CA
  • Neighborhood Downtown San Jose
  • Zip Code 95113
  • 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 26 Apr, 2021
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Origination Date

Market Trends

Average Actual Rents in San Jose

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
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in San Jose Office Market

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

  • 2020 Avg. Asking Rent $49.98
  • 2020 Office Vacancy Rate 14.46%
  • 2020 Office Completions (SF) 461,660

San Jose Office Sales Trends

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

  • 2020 Avg. Price per SF $374.97
  • Y-o-Y Avg. PpSF Change 11.77%
  • 2020 Office Sales Volume $1.6B
  • 2020 Number of Transactions 25
View more San Jose market trends

Tax

  • Property Tax in 2021-2022 $205,383
  • Market Value* $17,519,641
  • Assessed Value $17,519,641

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 2 North 1st Street?

2 North 1st Street totals 43,400 square feet.

When was this property built?

2 North 1st Street was built in 1948.

When was 2 North 1st Street last sold?

2 North 1st Street was last sold on 26 Apr, 2021.

What is the property tax for 2 North 1st Street?

The property tax for 2 North 1st Street in 2021-2022 was $205,383.

What is the market value for 2 North 1st Street?

The market value* for 2 North 1st Street in 2021-2022 was $17,519,641.
*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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