5900 Optical Court, San Jose, CA

Property Type Office - General Office
Property Size 185,000 SF
Lot Size 10.95 Acre
Parking Spaces Avail. 647
Parking Ratio 3.50/ 1,000 SF
Property Tenancy Single Tenant
LEED Certified
Building Class B
Year Built 2002

Location

Map
Street

City San Jose, CA
Neighborhood Santa Teresa
Zip Code 95138
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 03 Apr, 2017
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 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

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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

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Tax

Property Tax in 2021-2022 $839,661
Market Value* $65,404,327
Assessed Value $65,404,327

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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 5900 Optical Court?

5900 Optical Court totals 185,000 square feet.

When was this property built?

5900 Optical Court was built in 2002.

When was 5900 Optical Court last sold?

5900 Optical Court was last sold on 03 Apr, 2017.

What is the property tax for 5900 Optical Court?

The property tax for 5900 Optical Court in 2021-2022 was $839,661.

What is the market value for 5900 Optical Court?

The market value* for 5900 Optical Court in 2021-2022 was $65,404,327.
*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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