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16 Corning Avenue, Milpitas, CA 95035

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Listing Type
Commercial/Industrial
Listing Status
active
13
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$3,995,000

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Home Details for 16 Corning Avenue
Price
$3,995,000
Type
Commercial/Industrial
Year Build
1978
Sq. Ft.
20939
Lot Size
0.68
County
Santa Clara
MLS®️ Listing#
ML82003329
On exitrealty.com
133 days
Property Description
Exceptional Investment or Owner-User Opportunity in Milpitas! Rare chance to acquire a strategically located, income-producing office property in thriving Milpitas. Immediate value-add potential with 12 leases due for amendmentsconvert lease terms from Gross to NNN and adjust rents to market rates to unlock instant equity. Property Highlights: * 20,939 SF two-story office building on prominent corner lot * 32 suites occupied by a diverse tenant mix of professionals and small businesses * Gross Scheduled Income: $34,717/month ($416,606 annually) * Current occupancy: 89% * Ample on-site parking * Prime location near I-880, I-680, BART, VTA, and major retail centers including the Great Mall ** Value-Add Opportunities ** * Upgrade HVAC, electrical systems, and improve water efficiency to reduce operating costs * Implement green building features to attract eco-conscious tenants * Lease vacant spaces and reposition underperforming suites at market rates * Ideal for investors seeking asset appreciation or owner-users looking to secure premium office space in one of the Bay Areas fastest-growing business hubs.
Property Features
Listing Courtesy: NextHome Axis Realty. Presented by: Melinda Collins
mls_icon Bay East ©2025. CCAR ©2025. bridgeMLS ©2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2025-04-22 07:30:36.
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EXIT REALTY CONSULTANTS
3425 Coffee Road. Ste 1, Modesto, CA 95355
CA DRE# 01520140. Kris Klair Broker.
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$3,995,000

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EXIT REALTY CONSULTANTS
3425 Coffee Road. Ste 1, Modesto, CA 95355
CA DRE# 01520140. Kris Klair Broker.
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