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Ringwood V

Off-Market

2240 Ringwood Avenue, San Jose, CA 95131

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 82,500 Sqft
  • Lot Size 4.6 Acre
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 1984

Location

  • City San Jose, CA
  • Neighborhood North Valley
  • Zip Code 95131
  • 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 20 Oct, 2017
  • Purchase Price
  • Arm's Length True
  • Buyer Name

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 (Sqft) 461,660

San Jose Office Sales Trends

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

  • 2020 Avg. Price per Sqft $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 $137,437
  • Market Value $11,037,374
  • Assessed Value $11,037,374

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

Frequently Asked Questions

What is the total square footage of Ringwood V?

Ringwood V totals 82,500 square feet.

When was this property built?

Ringwood V was built in 1984.

When was Ringwood V last sold?

Ringwood V was last sold on 20 Oct, 2017.

What is the property tax for Ringwood V?

The property tax for Ringwood V in 2021-2022 was $137,437.

What is the market value for Ringwood V?

The market value for Ringwood V in 2021-2022 was $11,037,374.

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