VICTORIAN SQUARE SHOPPING CENTER Milpitas, California
FOR SALE VICTORIAN SQUARE NEC Freeway 680 & Calaveras Blvd. ~ Milpitas, California Prime Location Modest Rents Adjacent Freeway Access Avg. Household Income over $100,000
Exclusively Listed by:
Jim Roessler Roessler Investment Group 360 Post Street #602, San Francisco, CA 94108 Phone: (415) 837-3722 / Fax: (415) 837-3717 Email: [email protected] License # 00339311 This brochure with the information it contains is given with the understanding that all negotiations relating to the purchase of the property described shall be conducted through Roessler Investment Group. The information contained herein while not guaranteed, has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. We bear no liability for any errors, inaccuracies or omissions. We make no representations or warranties that the premises are free of environmental hazards.
VICTORIAN SQUARE SHOPPING CENTER Milpitas, California SUMMARY Asking Price
$16,300,000
Down Payment (projected)
$ 5,705,635 (35%)
Proforma Capitalization Rate
7.0 %
Cash on Cash Return (projected)
9.1%
Building Area
48,468 SF
Land Area
4.3 Acres
Date Constructed
1979
Significant Tenants
Starbucks King Wah Seafood Round Table Pizza Subway
PROJECTED NEW FINANCING New CMBS financing is projected at 65% of asking price ($10,595,000), 4.2% interest rate, 30-year amortization, due in 10 years, for a one point fee. The existing loan will be paid off without a prepayment penalty at the Close of Escrow.
DEMOGRAPHICS 2008 Population Median Household Income Race: White Black Asian Hispanic Median Age
1 Mile
3 Miles
24,141
105,069
$108,351
$107,500
23.0% 2.6% 57.3% 20.2%
27.1% 3.4% 55.2% 19.0%
35.3 years
35.7 years
Roessler Investment Group
VICTORIAN SQUARE SHOPPING CENTER Milpitas, California AERIAL PHOTO
..
Victorian Square
Ocean Oriental Market
Gomez Market
Roessler Investment Group
VICTORIAN SQUARE SHOPPING CENTER Milpitas, California MAPS
Victorian Square
Victorian Square
Roessler Investment Group
Exclusively Listed by:
Jim Roessler Roessler Investment Group 360 Post Street #602, San Francisco, CA 94108 Phone: (415) 837-3722 / Fax: (415) 837-3717 Email: [email protected] License # 00339311 This brochure with the information it contains is given with the understanding that all negotiations relating to the purchase of the property described shall be conducted through Roessler Investment Group. The information contained herein while not guaranteed, has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. We bear no liability for any errors, inaccuracies or omissions. We make no representations or warranties that the premises are free of environmental hazards.
VICTORIAN SQUARE SHOPPING CENTER Milpitas, California SUMMARY Asking Price
$16,300,000
Down Payment (projected)
$ 5,705,635 (35%)
Proforma Capitalization Rate
7.0 %
Cash on Cash Return (projected)
9.1%
Building Area
48,468 SF
Land Area
4.3 Acres
Date Constructed
1979
Significant Tenants
Starbucks King Wah Seafood Round Table Pizza Subway
PROJECTED NEW FINANCING New CMBS financing is projected at 65% of asking price ($10,595,000), 4.2% interest rate, 30-year amortization, due in 10 years, for a one point fee. The existing loan will be paid off without a prepayment penalty at the Close of Escrow.
DEMOGRAPHICS 2008 Population Median Household Income Race: White Black Asian Hispanic Median Age
1 Mile
3 Miles
24,141
105,069
$108,351
$107,500
23.0% 2.6% 57.3% 20.2%
27.1% 3.4% 55.2% 19.0%
35.3 years
35.7 years
Roessler Investment Group
VICTORIAN SQUARE SHOPPING CENTER Milpitas, California AERIAL PHOTO
..
Victorian Square
Ocean Oriental Market
Gomez Market
Roessler Investment Group
VICTORIAN SQUARE SHOPPING CENTER Milpitas, California MAPS
Victorian Square
Victorian Square
Roessler Investment Group
