834 lenzen ave
834 LENZEN AVE SAN JOSE | CALIFORNIA
Prime Infill Location Transit Residential Zoning 50-250 Units Per Acre
OFFERING MEMORANDUM
Accelerating success.
DISCLAIMER STATEMENT This Offering Memorandum (“Memorandum”) was prepared by Colliers International (“Colliers”) as part of Collier’s efforts to market for sale the real property commonly known as 834 Lenzen Ave(the “Property”) , in San Jose, California. Colliers is the exclusive agent and broker for the owner of the Property (the “Owner”). Colliers is providing this Memorandum and the material contained in it to prospective buyer (each a “Buyer”) solely to assist Buyer in determining whether Buyer is interested in potentially purchasing all or part of the Property. Colliers is also providing this Memorandum and the material in it to Buyer with the understanding that Buyer will independently investigate those matters that it deems necessary and appropriate to evaluate the Property and that Buyer will rely only on its own investigation, and not on Colliers, the Owner, or this Memorandum, in determining whether or not to purchase the Property. This Memorandum is a solicitation of interest only and is not an offer to sell, or a solicitation of an offer to buy, an interest in the Property. Owner expressly reserves the right, in its sole and absolute discretion, to reject any or all expressions of interest or offers to purchase the Property and expressly reserves the right, in its sole and absolute discretion, to terminate discussions with any potential Buyer at any time with or without notice. Owner shall have no legal commitment or obligation to any party reviewing the Memorandum or making an offer to purchase the Property unless and until a written real estate purchase and sale agreement is executed by Owner and Buyer. Nothing contained in this Memorandum may be construed to constitute legal or tax advice to Buyer concerning the Property.
TABLE OF CONTENTS
EXECUTIVE SUMMARY 2
PROPERTY SUMMARY
3
AERIAL OVERVIEW 4
PROPERTY HIGHLIGHTS 5
PROPERTY PHOTOS 6
MAPS & AERIALS
8
EXCLUSIVELY OFFERED BY: CHRIS TWARDUS Senior Vice President +1 408 282 3836 [email protected] CA License No. 00933014
LENZEN AVE, SAN JOSE, CA
1
EXECUTIVE SUMMARY Colliers International (“Colliers”) as exclusive broker is pleased to offer for sale 834 Lenzen Avenue (the “Property”), in San Jose, California. The Property is located in a prime Central San Jose location of Silicon Valley with convenient freeway access to Highways 880, 87 and 280. The property is zoned Light Industrial (LI) and has a general plan land use designation of “Transit Residential” which allowed for a density range equal to 50-250 dwelling units per acre. The allowed height is between 5-25 stories and the F.A.R. is 2.0-12.0. The subject property is rectangle in shape and currently improved with a light industrial warehouse and a single-family detached home which is being used as an office. The site is surrounded on two sides by threestory apartments and a single-family house is adjacent to the west side of the site.
OFFERING TERMS: Lenzen Avenue is being offered for sale for a purchase price equal to two million five hundred thousand dollars ($2,500,000.00). The Seller will allow a prospective buyer the time needed to secure a tentative map approved from the City of San Jose for Buyer’s intended development. The Seller requests that all interested qualified party’s provides Colliers International with a formal Letter of Intent outlining the terms and conditions under which they propose to acquire the Property. In addition, a summary providing background information on the Purchaser Company, its principals, and its transaction history is requested.
2
COLLIERS INTERNATIONAL
834 LENZEN AVENUE LOCATION MAP
ADDRESS
Location: 834 Lenzen Avenue
ZONING
APN #: 261-03-041
PARCEL SIZE
0.344 Acres
GENERAL PLAN
Transit Residential
DENSITY
50-250 DU/Acre
FAR
2.0 to 12.0
HEIGHT
5 to 25 stories
ZONING
Light Industrial (LI)
TOPOGRAPHY
Flat
UTILITIES
To the Site
EXISTING IMPROVMENTS:
Stand-alone warehouse approximately 2,720 Square Feet; Single-Family detached house approximately 1,743 square feet.
OFF-SITE IMPROVEMENTS:
Sidewalks, curbs, and gutters
PROPERTY SUMMARY
Location Map
LENZEN AVE, SAN JOSE, CA
3
AERIAL OVERVIEW
PROPERTY HIGHLIGHTS HIGHLIGHTS • Prime central location in Silicon Valley • Close proximity to numerous major technology employers (Google, Apple, Facebook, Intel, Cisco, Oracle, eBay, Tesla, and more) • Close proximity to Caltrain (less than five minutes) • Close proximity to SAP Arena (less than 5 minutes) • Close proximity to San Jose State University (less than 10 minutes) • Convenient freeway access to Highways 880, 280 and 87 (less than 10 minutes) • Close driving distance to Mineta San Jose International Airport (approximately 10 minutes)
LENZEN AVE, SAN JOSE, CA
5
ADDENDA ADDEN
ubject Photographs Subject Photographs
PROPERTY PHOTOS
Side View of Subject
Warehouse Exterior View
Side View of Subject Side View of Subject
Warehouse Exterior View Warehouse Exterior View
Side ViewSide of Subject View of Subject
Kitchen Area 6
Kitchen Area
COLLIERS INTERNATIONAL
Warehouse Exterior View Warehouse Exterior View
Restroom
Restroom
Kitchen Area Kitchen Area
Restroom
Restroom
834 S
Typical Office Interior
Subject Photos
Storage Basement
Storage Basement Storage Basement
Rear View of Office Building
Rear View of Office Building Rear View of Office Building
Page
© 2016 VALBRIDGE PROPERTY ADVISORS
Page 79
016 VALBRIDGE PROPERTY ADVISORS Warehouse Interior
Typical Office Interior LENZEN AVE, SAN JOSE, CA
Typical Office Interior
7
MAPS & AERIALS REGIONAL MAP
8
COLLIERS INTERNATIONAL
AREA MAP
LENZEN AVE, SAN JOSE, CA
9
PARCEL MAP
10
COLLIERS INTERNATIONAL
LOCATION AERIAL
LENZEN AVE, SAN JOSE, CA
11
EXCLUSIVELY OFFERED BY: CHRIS TWARDUS Senior Vice President +1 408 282 3836 [email protected] CA License No. 00933014 This information has been prepared to provide summary, unverified information to prospective purchasers. Analysis and verification of the information contained herein is solely the responsibility of each prospective investor. Prospective investors are advised to review independently all documents relating to the Property and conduct their own independent due diligence to verify and assess the suitability of this property for their investment needs and risk tolerance. Broker has not made any investigation, and makes no warranty or representation, with respect to the income or expenses of the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements. Any prospective Buyer is solely responsible for any and all costs and expenses incurred in investigating and evaluating the Property.
Prime Infill Location Transit Residential Zoning 50-250 Units Per Acre
OFFERING MEMORANDUM
Accelerating success.
DISCLAIMER STATEMENT This Offering Memorandum (“Memorandum”) was prepared by Colliers International (“Colliers”) as part of Collier’s efforts to market for sale the real property commonly known as 834 Lenzen Ave(the “Property”) , in San Jose, California. Colliers is the exclusive agent and broker for the owner of the Property (the “Owner”). Colliers is providing this Memorandum and the material contained in it to prospective buyer (each a “Buyer”) solely to assist Buyer in determining whether Buyer is interested in potentially purchasing all or part of the Property. Colliers is also providing this Memorandum and the material in it to Buyer with the understanding that Buyer will independently investigate those matters that it deems necessary and appropriate to evaluate the Property and that Buyer will rely only on its own investigation, and not on Colliers, the Owner, or this Memorandum, in determining whether or not to purchase the Property. This Memorandum is a solicitation of interest only and is not an offer to sell, or a solicitation of an offer to buy, an interest in the Property. Owner expressly reserves the right, in its sole and absolute discretion, to reject any or all expressions of interest or offers to purchase the Property and expressly reserves the right, in its sole and absolute discretion, to terminate discussions with any potential Buyer at any time with or without notice. Owner shall have no legal commitment or obligation to any party reviewing the Memorandum or making an offer to purchase the Property unless and until a written real estate purchase and sale agreement is executed by Owner and Buyer. Nothing contained in this Memorandum may be construed to constitute legal or tax advice to Buyer concerning the Property.
TABLE OF CONTENTS
EXECUTIVE SUMMARY 2
PROPERTY SUMMARY
3
AERIAL OVERVIEW 4
PROPERTY HIGHLIGHTS 5
PROPERTY PHOTOS 6
MAPS & AERIALS
8
EXCLUSIVELY OFFERED BY: CHRIS TWARDUS Senior Vice President +1 408 282 3836 [email protected] CA License No. 00933014
LENZEN AVE, SAN JOSE, CA
1
EXECUTIVE SUMMARY Colliers International (“Colliers”) as exclusive broker is pleased to offer for sale 834 Lenzen Avenue (the “Property”), in San Jose, California. The Property is located in a prime Central San Jose location of Silicon Valley with convenient freeway access to Highways 880, 87 and 280. The property is zoned Light Industrial (LI) and has a general plan land use designation of “Transit Residential” which allowed for a density range equal to 50-250 dwelling units per acre. The allowed height is between 5-25 stories and the F.A.R. is 2.0-12.0. The subject property is rectangle in shape and currently improved with a light industrial warehouse and a single-family detached home which is being used as an office. The site is surrounded on two sides by threestory apartments and a single-family house is adjacent to the west side of the site.
OFFERING TERMS: Lenzen Avenue is being offered for sale for a purchase price equal to two million five hundred thousand dollars ($2,500,000.00). The Seller will allow a prospective buyer the time needed to secure a tentative map approved from the City of San Jose for Buyer’s intended development. The Seller requests that all interested qualified party’s provides Colliers International with a formal Letter of Intent outlining the terms and conditions under which they propose to acquire the Property. In addition, a summary providing background information on the Purchaser Company, its principals, and its transaction history is requested.
2
COLLIERS INTERNATIONAL
834 LENZEN AVENUE LOCATION MAP
ADDRESS
Location: 834 Lenzen Avenue
ZONING
APN #: 261-03-041
PARCEL SIZE
0.344 Acres
GENERAL PLAN
Transit Residential
DENSITY
50-250 DU/Acre
FAR
2.0 to 12.0
HEIGHT
5 to 25 stories
ZONING
Light Industrial (LI)
TOPOGRAPHY
Flat
UTILITIES
To the Site
EXISTING IMPROVMENTS:
Stand-alone warehouse approximately 2,720 Square Feet; Single-Family detached house approximately 1,743 square feet.
OFF-SITE IMPROVEMENTS:
Sidewalks, curbs, and gutters
PROPERTY SUMMARY
Location Map
LENZEN AVE, SAN JOSE, CA
3
AERIAL OVERVIEW
PROPERTY HIGHLIGHTS HIGHLIGHTS • Prime central location in Silicon Valley • Close proximity to numerous major technology employers (Google, Apple, Facebook, Intel, Cisco, Oracle, eBay, Tesla, and more) • Close proximity to Caltrain (less than five minutes) • Close proximity to SAP Arena (less than 5 minutes) • Close proximity to San Jose State University (less than 10 minutes) • Convenient freeway access to Highways 880, 280 and 87 (less than 10 minutes) • Close driving distance to Mineta San Jose International Airport (approximately 10 minutes)
LENZEN AVE, SAN JOSE, CA
5
ADDENDA ADDEN
ubject Photographs Subject Photographs
PROPERTY PHOTOS
Side View of Subject
Warehouse Exterior View
Side View of Subject Side View of Subject
Warehouse Exterior View Warehouse Exterior View
Side ViewSide of Subject View of Subject
Kitchen Area 6
Kitchen Area
COLLIERS INTERNATIONAL
Warehouse Exterior View Warehouse Exterior View
Restroom
Restroom
Kitchen Area Kitchen Area
Restroom
Restroom
834 S
Typical Office Interior
Subject Photos
Storage Basement
Storage Basement Storage Basement
Rear View of Office Building
Rear View of Office Building Rear View of Office Building
Page
© 2016 VALBRIDGE PROPERTY ADVISORS
Page 79
016 VALBRIDGE PROPERTY ADVISORS Warehouse Interior
Typical Office Interior LENZEN AVE, SAN JOSE, CA
Typical Office Interior
7
MAPS & AERIALS REGIONAL MAP
8
COLLIERS INTERNATIONAL
AREA MAP
LENZEN AVE, SAN JOSE, CA
9
PARCEL MAP
10
COLLIERS INTERNATIONAL
LOCATION AERIAL
LENZEN AVE, SAN JOSE, CA
11
EXCLUSIVELY OFFERED BY: CHRIS TWARDUS Senior Vice President +1 408 282 3836 [email protected] CA License No. 00933014 This information has been prepared to provide summary, unverified information to prospective purchasers. Analysis and verification of the information contained herein is solely the responsibility of each prospective investor. Prospective investors are advised to review independently all documents relating to the Property and conduct their own independent due diligence to verify and assess the suitability of this property for their investment needs and risk tolerance. Broker has not made any investigation, and makes no warranty or representation, with respect to the income or expenses of the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements. Any prospective Buyer is solely responsible for any and all costs and expenses incurred in investigating and evaluating the Property.
