2400 & 2424 Walsh Avenue

Property Type Office - R&D - Office
Property Size 89,561 SF
Lot Size 6.11 Acre
Parking Spaces Avail. 349
Parking Ratio 3.90/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class C
Year Built 1977

Location

Map
Street

City Santa Clara, CA
Zip Code 95051
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 30 Aug, 2017
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

Market Trends

Average Actual Rents in Santa Clara

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 Santa Clara Office Market

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

2020 Avg. Asking Rent $44.49
2020 Office Vacancy Rate 18.27%
2020 Office Completions (SF) 244,655

Santa Clara Office Sales Trends

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

2020 Avg. Price per SF $391.38
Y-o-Y Avg. PpSF Change -17.39%
2020 Office Sales Volume $411.9M
2020 Number of Transactions 4

View more Santa Clara market trends

Tax

Property Tax in 2021-2022 $362,250
Market Value* $30,326,500
Assessed Value $30,326,500

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 2400 & 2424 Walsh Avenue?

2400 & 2424 Walsh Avenue totals 89,561 square feet.

When was this property built?

2400 & 2424 Walsh Avenue was built in 1977.

When was 2400 & 2424 Walsh Avenue last sold?

2400 & 2424 Walsh Avenue was last sold on 30 Aug, 2017.

What is the property tax for 2400 & 2424 Walsh Avenue?

The property tax for 2400 & 2424 Walsh Avenue in 2021-2022 was $362,250.

What is the market value for 2400 & 2424 Walsh Avenue?

The market value* for 2400 & 2424 Walsh Avenue in 2021-2022 was $30,326,500.
*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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