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1865 Alum Rock Avenue, San Jose, CA, USA

Price: $720,000 ($675/SF)

Status: Sold on December 2023

Executive Summary

The Ivy Group is excited to share the success of representing a highly motivated buyer in securing a strategically located commercial condominium, an exclusive opportunity inaccessible through the open market. Our client, a forward thinking pharmacy, aimed to expand operations, free from the constraints of conventional leasing arrangements.

This acquisition seamlessly aligns with the buyer’s commitment to community service and solidifies their dedication to providing exceptional patient care for the long term.

In navigating a challenging market with limited inventory, The Ivy Group played a pivotal role in guiding the buyer to swiftly close the transaction, culminating in an efficient 18 day escrow closure. Through our extensive network of vendor resources, we flawlessly executed the due diligence process, secured necessary financing, and successfully finalized the deal.

Our profound understanding and skillful management of the entire purchasing journey instilled confidence in our client, ensuring they made the right decision.

At The Ivy Group, we take pride in our ability to streamline the buying process, offering unparalleled expertise in the dynamic realm of commercial real estate. When you are ready to purchase commercial real estate, reach out to us to explore how we can be of service to you.

Highlights

  • Building Size

    ± 1,066 SF

  • Lot Size

    ± 1,353 SF

  • Year Built

    1993

  • Power

    225 A, 120/240 V, 3 Ø

  • Use

    Medical office

  • Freeway Access

    Easy access to freeways 101, 680

  • Bart Station

    ± 2.3 miles to Berryessa / North San Jose BART Station

  • Bus Stop

    Walking distance to major bus stops and public transportation nodes

  • Metering

    Individual metered for electric

  • APN

    481-68-008

  • Ceiling Height

    ± 8 FT

  • Fire Sprinklers

    100% sprinklered