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Office for sale5671 Santa Teresa Blvd, San Jose, CA 95123
Property Highlights
Full Service Leased Offering
28,400 SF
Excellent Location
Multi-tenant Office Building
Excellent Tenant Mix
Built 1980
2.13 AcreRalph Longo | 408-529-1362
BRE #01526612
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
Disclaimer | Confidentiality
2
The information contained in the following Marketing Brochure is proprietary and strictly
confidential. It is intended to be reviewed only by the party receiving it from Global
Commercial Properties, Inc. and should not be made available to any other person or
entity without consent of Global Commercial Properties, Inc. This information has been
prepared to provide summary and information to prospective purchasers, for the
solicitation of interest and is not an offer to sell the property. Only a fully executed Real
Estate Purchase Agreement shall bind the property.
The information provided herein is deemed to be accurate and to establish only a
preliminary level of interest in the subject property. The information contained herein is
not a substitute for thorough due diligence investigation. Global Commercial Properties,
Inc. has not made any independent investigation, and makes no warranty or
representation, with respect to the present or future use or zoning of the subject property,
the future projected financial performance of the property, the size measurements or
boundaries of the property and improvements, ADA-related issues or compliance, the
presence or absence of contaminating or hazardous substances, PCB’s or asbestos, the
compliance with State, Federal, County or municipal law, nor the physical condition of the
improvements thereon. The information contained in this Marketing Brochure has been
obtained from sources believed to be reliable; however, Global Commercial Properties, Inc.
has not verified, and will not verify, any of the information contained herein, nor has
Global Commercial Properties, Inc. conducted any investigation regarding these matters
and makes no warranty or representation whatsoever regarding the accuracy or
completeness of the information provided. Prospective purchaser is advised and agrees to
make its own investigation and determination regarding all matters affecting the value,
condition, utility, size, compliance with Laws, and all aspects of the Property’s desirability
and suitability for Purchasers intentions.
The information contained herein is subject to change without notice and the recipient of
these materials shall not look to the Owner or the Broker, Global Commercial Properties,
Inc., or any of their officers, employees, representatives, independent contractors or
affiliates, for the accuracy or completeness thereof.
Property will be shown by appointment only. Please do not disturb occupants of the
property.
Ralph Longo | 408-529-1362
DRE# 01202211
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
1 PROPERTY OVERVIEW
3Ralph Longo | 408-529-1362
DRE# 01202211
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
Executive Summary
PROPERTY
This property exudes pride of
ownership as it was built new in 1980
by the previous owner. Construction
is of extremely high quality which gives
this building its timeless look. The
building is 28,400 feet and near fully
leased by 6 Tenants. The 2.13 acre lot
is accessed by both Santa Teresa Blvd
as well as Coleman Road.
LOCATION
This Santa Teresa office center is
located in the affluent San Jose sub-
market known as Santa Teresa. Santa
Teresa is home to many high tech
households with very high average
incomes and lofty home prices. The
neighborhoods were primarily built in
the early 1970’s. Average home prices
in the Santa Teresa/Almaden Valley
area are roughly $1,000,000.
INCOME
This is a leased investment, with the
average rent of approximately $2.52 per
square foot. The Tenant base is very
stable with seasoned leases and many Tenants on multiple renewal terms.
Investment Overview
4
Sale Price
CAP
Lot Size
Building Size
Lease Type
Year Built
Market
APN
Zoning
$9,500,000
6.9%
2.13 Acres
28,400 SF
Full Service
1980
San Jose
694-18-019
Commercial
Property Overview
Ralph Longo | 408-529-1362
DRE# 01202211
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
Tenant Summary
This Santa Teresa property offers a very stable tenant base, with long term leases in
place.
Western Bancorp: Welcome to the next generation of smarter wholesale lending. Western Bancorp is
ready to prove how today’s complex lending environment can be simplified and streamlined so you
can provide outstanding service – and close more loans.
Keller Williams: Keller Williams is one of the most successful and innovative residential real estate
companies. A recent occupant and an excellent addition, bringing stability and community to the
building as provided by the local ownership.
Viva: Vascular Interventional Advances (VIVA) is a not-for-profit physician organization dedicated to
advancing the field of vascular medicine and intervention through education and research.
Community Solutions: is a comprehensive non-profit human services agency serving South Santa
Clara County and the surrounding areas of South San Jose and San Benito County. Since 1972,
Community Solutions has responded to the growing and changing needs of our community, serving
several thousand people from young children to older adults each year by providing wellness and
recovery based behavioral health services, empowerment-based domestic violence and sexual assault
services, and strength-based prevention and intervention services.
Chicago Title Company: with its rich history of over 160 years, Chicago Title offers its customers
the most comprehensive and accurate real estate related services in the Nation.
Sun Consulting: Sun Consulting’s primary product, TOA suite, is an enterprise software solution
that supports Operations Logging, Outage Scheduling, Coordination and Reporting for Electric, Gas
and Water utilities.
Tenant Overview
5Ralph Longo | 408-529-1362
DRE# 01202211
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
Photos
6Ralph Longo | 408-529-1362
DRE# 01202211
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
2 FINANCIAL OVERVIEW
7Ralph Longo | 408-529-1362
DRE# 01202211
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
Financial Summary
* Assumes 4% annual increases
8
For Sale | $9,500,000
Net Operating Income
CAP Rate
Monthly
Santa Teresa Blvd & Coleman Ave
San Jose, CA
CAP Rate
Building SF
Year Built
Lease Type
Type of Ownership
6.9%
28,400
1980
Full Service
Fee Simple
Estimated Annualized
Operating Data *Year 1 Year 3 Year 5
$652,013
6.9%
$54,334
$671,673
7.1%
$55,973
$733,847
7.7%
$61,154
Ralph Longo | 408-529-1362
DRE# 01202211
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
Rent Roll Summary
9
For Sale | $9,500,000Santa Teresa Blvd & Coleman Rd
San Jose, CA
Tenant
Name
Western Bancorp
Keller Williams
Vacant
Viva
Community Solutions
Community Solutions
Community Solutions
Chicago Title
Sun Consulting
Sun Consulting
GLA
4,730
4,000
2,500
2,158
3,341
2,600
1,811
3,556
1,280
1,650
Lease
Begin
8/1/14
8/1/2015
5/1/2015
10/1/2013
10/1/2013
10/1/2013
4/1/2009
10/1/12
10/1/12
Lease
End
7/31/2020
7/31/2020
4/30/20
5/31/2020
5/31/2020
5/31/2020
2/28/2020
1/31/2019
1/31/2019
Annual
Rent
$179,929
$108,000
$67,500
$61,632
$222,324
Incl.
Incl.
$107,280
$81,348
Incl.
INCR
4%
4%
4%
4%
4%
4%
3%
3%
3%
OPTIONS
1-4yr
1-4yr
_
_
1-5yr
_
_
n/a
1-2yr
1-2yr
Ralph Longo | 408-529-1362
DRE# 01202211
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
3 LOCATION OVERVIEW
10Ralph Longo | 408-529-1362
DRE# 01202211
PARCEL MAP
11
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
Ralph Longo | 408-529-1362
DRE# 01202211
MAPS
12
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
Ralph Longo | 408-529-1362
DRE# 01202211
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
LOCATION MAP
13Ralph Longo | 408-529-1362
DRE# 01202211
Office forsale5671 Santa Teresa Blvd., San Jose, CA 95123
AERIAL PHOTO
14Ralph Longo | 408-529-1362
DRE# 01202211
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
4 DEMOGRAPHICS ANALYSIS
15Ralph Longo | 408-529-1362
DRE# 01202211
DEMOGRAPHICS REPORT
16
Santa Teresa Blvd & Coleman Rd| San Jose, CA
1 Miles | 3 Miles | 5 Miles
Total Adult Population
Total Number of HouseholdsAverage Household Income
Median Age
Total Population – WhiteTotal Percent – White
Total Population – BlackTotal Percent – Black
Total Population – HispanicTotal Percent – Hispanic
Total Population – AsianTotal Percent – Asian
Total Population – IndianTotal Percent – Indian
Total Population – OtherTotal Percent - Other
Ralph Longo | 408-529-1362
DRE# 01202211
15,486 143,466 291,996
6,766 62,475 123,972115,271 129,900 128,094
38 38 38
11,369 105,275 204,71057.18% 55.64% 52.86%
8776,264 6,264 11,8704.41% 3.31% 3.06%
5,419 46,668 104,48327.75% 24.66% 26.98%
3.579 44,106 98,73418.00% 23.31% 25.49%
1921,430 3,024 3,0240.97% 0.76% 0.78%
18,332 174,683 351,75923.05% 23.08% 22.71%
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
DEMOGRAPHICS OVERVIEW
17
Santa Teresa Blvd & Coleman Rd | San Jose, CA
1 MILES 3 MILES 5 MILES
19,884 189,213 387,290
6,766 62,475 123,972
115,271 129,900 128,094
38 38 38
Total Population
Total # of Households
Avg. Household Income
Median Age
Ralph Longo | 408-529-1362
DRE# 01202211
Office for sale5671 Santa Teresa Blvd., San Jose, CA 95123
