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3300 Central Expressway, Santa Clara, CA, USA

Price: $5,200,000 ($520/SF)

Status: Sold on December 2023

Executive Summary

The Ivy Group is delighted to announce the successful facilitation of the off market sale of a prime office building in Santa Clara, CA.

Strategically positioned at the intersection of Central Expressway and Covina Drive, this property garnered a robust valuation during a period marked by elevated interest rates and uncertainty surrounding the return to office, exacerbated by the growing trend of remote work.

The Ivy Group played a pivotal role in securing an advantageous sale on behalf of the seller. Leveraging its adept negotiation skills and an extensive network of vendor resources, The Ivy Group accomplished the transaction seamlessly within a remarkable timeframe of less than 90 days.

Highlights

  • Building Size

    ± 3,300 SF

  • Lot Size

    ± 33,722 SF (± 0.77 acres)

  • Year Built

    1979

  • Zoning

    Lawrence Station Area Plan (LSAP)

  • Use

    Office

  • Freeway Access

    Minutes to freeways 101, 237 and 880

  • Bus Stop

    Walking distance to major bus stops and public transportation nodes

  • Parking

    Abundant onsite parking, plus additional street parking available

  • APN

    216-33-037

  • Ceiling Height

    ± 9 FT dropped ceilings