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Innovation Place - Buildings 5 & 6

Off-Market

250 Innovation Drive, San Jose, CA 95134

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 536,949 Sqft
  • Lot Size 12.91 Acre
  • Property Tenancy Owner Occupied

Location

  • City San Jose, CA
  • Neighborhood North San Jose
  • Zip Code 95134
  • Market Bay Area

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • 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 $7,007,034
  • Market Value $582,705,666
  • Assessed Value $582,705,666

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

Frequently Asked Questions

What is the total square footage of Innovation Place - Buildings 5 & 6?

Innovation Place - Buildings 5 & 6 totals 536,949 square feet.

When was this property built?

Innovation Place - Buildings 5 & 6 was built in 1986.

What is the property tax for Innovation Place - Buildings 5 & 6?

The property tax for Innovation Place - Buildings 5 & 6 in 2021-2022 was $7,007,034.

What is the market value for Innovation Place - Buildings 5 & 6?

The market value for Innovation Place - Buildings 5 & 6 in 2021-2022 was $582,705,666.

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