1500 & 1572 Los Padres Blvd

1500 & 1572 Los Padres Blvd

Prime Commercial, Inc., is pleased to offer for sale 1500 & 1572 Los Padres Boulevard in Santa Clara, California. This offering consists of two office buildings situated on two separate parcels that are commercially zoned at the southeast corner of Los Padres Boulevard and Anna Way. 1500 Los Padres Boulevard has an occupancy ratio of approximately 50% and 1572 Los Padres Boulevard is currently 100% occupied. Most all of the leases are short term and below market and present upside potential. Both buildings have been well-maintained over the years with 1500 Los
Padres Boulevard having received a new roof and HVAC units in 2020. There are two surfaced parking lots that are open to one another with a total of 51 spaces. The asset provides the investor an excellent location just off busy El Camino Real, two well-maintained office buildings, and the opportunity to increase cash flow by bringing rents to market level.

INVESTMENT HIGHLIGHTS
• Two side-by-side office buildings situated on 0.714 acres
• High identity corner location just off of El Camino Real
• Well-maintained buildings and parking lots
• Upside potential with short term leases with below market rents
• Possible opportunity to re-develop the site in future

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