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16 Corning Avenue, Milpitas, CA 95035
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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.
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- Common
Listing Courtesy: NextHome Axis Realty. Presented by: Melinda Collins

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EXIT REALTY CONSULTANTS
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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.