16 Corning Avenue, Milpitas, CA 95035

  • $3,995,000
16 Corning Avenue, Milpitas, CA 95035
Active
16 Corning Avenue, Milpitas, CA 95035
16 Corning Avenue, Milpitas, CA 95035
  • $3,995,000

Description

Exceptional Investment or Owner-User Opportunity in Milpitas! Rare chance to acquire a strategically located, income-producing office property in thriving Milpitas. Immediate value-add potential with 12 leases due for amendmentsconvert lease terms from Gross to NNN and adjust rents to market rates to unlock instant equity. Property Highlights: * 20,939 SF two-story office building on prominent corner lot * 32 suites occupied by a diverse tenant mix of professionals and small businesses * Gross Scheduled Income: $34,717/month ($416,606 annually) * Current occupancy: 89% * Ample on-site parking * Prime location near I-880, I-680, BART, VTA, and major retail centers including the Great Mall ** Value-Add Opportunities ** * Upgrade HVAC, electrical systems, and improve water efficiency to reduce operating costs * Implement green building features to attract eco-conscious tenants * Lease vacant spaces and reposition underperforming suites at market rates * Ideal for investors seeking asset appreciation or owner-users looking to secure premium office space in one of the Bay Areas fastest-growing business hubs.

  • Address 16 Corning Avenue
  • State/county CA
  • Zip/Postal Code 95035

Details

Updated on September 4, 2025 at 3:15 am
  • Property ID: ML82003329
  • Price: $3,995,000
  • Property Size: 20939
  • Land Area: 0.68 Acres
  • Garage Size: x x
  • Year Built: 1978
  • Property Type: Commercial Sale
  • Property Status: Active

Contact Information

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Hoyt Hochman

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  • Hoyt Hochman