AMES INDUSTRIAL PARK AND OFFICE PLAZA

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Wesley Watts
5 years ago
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SILICON VALLEY LEASED INVESTMENT OR OWNER/USER OPPORTUNITY FOR SALE ±177,820 SF MULTI-TENANT INDUSTRIAL PARK & OFFICE PLAZA MILPITAS, CALIFORNIA

12% CAP RATE AMES AVENUE EXECUTIVE SUMMARY Cushman & Wakefield, as the exclusive advisor, is pleased to present this opportunity to purchase the

01 acres at 1180-1260 Ames Avenue and 1025-1053 Sinclair Frontage Road in Milpitas, California.

buildings are 100% leased, including some leases at substantially below market rents.

1 SILICON VALLEY LEASED INVESTMENT OR OWNER/USER OPPORTUNITY FOR SALE ±177,820 SF MULTI-TENANT INDUSTRIAL PARK & OFFICE PLAZA MILPITAS, CALIFORNIA $18,200, OR $ PSF BACK ON THE MARKET! BUILDING HIGHLIGHTS SINCLAIR FRONTAGE ROAD ROAD AMES OFFICE PLAZA 6.12% CAP RATE AMES AVENUE EXECUTIVE SUMMARY Cushman & Wakefield, as the exclusive advisor, is pleased to present this opportunity to purchase the Ames Industrial Park and Ames Office Plaza, a ±177,820 square foot multi-tenant office/industrial/warehouse park on ±8.01 acres at Ames Avenue and Sinclair Frontage Road in Milpitas, California. For an investor, the Ames Industrial Park and Ames Office Plaza offer a rare Silicon Valley multi-tenant investment opportunity in which all the buildings are 100% leased, including some leases at substantially below market rents. For an owner/user, the Ames Industrial Park and Ames Office Plaza offer the buyer the ability to occupy numerous spaces. An owner/user will have the flexibility of staggered lease terms for future expansion with the benefit of income during the transition. TOURS ARE BY APPOINTMENT ONLY AND PLEASE DO NOT DISTURB TENANTS.

PHYSICAL SUMMARY Address: 1180-1260 AMES AVENUE & 1025-1053 SINCLAIR FRONTAGE ROAD Milpitas, California 95035 Total Project Size: ±177,820 SF Percent Leased: 100% Number of Buildings: 4 Addresses of

01 Acres or ±348,809 SF Property FAR: 51% Yard Areas Yard #1: ±5,166 SF - Yard #2: ±5,000 SF Yard #3: ±5,788 SF - Yard #4: ±1,200 SF Yard #5: ±1,150 SF - Yard #6: ±10,500 SF Yard #7: ±4,700 SF - Yard

2 PHYSICAL SUMMARY Address: AMES AVENUE & SINCLAIR FRONTAGE ROAD Milpitas, California Total Project Size: ±177,820 SF Percent Leased: 100% Number of Buildings: 4 Addresses of Buildings: AMES OFFICE PLAZA 1250 Ames Avenue: () 1180 Ames Avenue: () & Sinclair Frontage Road: (±130,607 SF) Ames Avenue: (±23,213 SF) Parcel Size ±8.01 Acres or ±348,809 SF Property FAR: 51% Yard Areas Yard #1: ±5,166 SF - Yard #2: ±5,000 SF Yard #3: ±5,788 SF - Yard #4: ±1,200 SF Yard #5: ±1,150 SF - Yard #6: ±10,500 SF Yard #7: ±4,700 SF - Yard #8: ±3,120 SF Assessor Parcel Number: and Zoning: M2 - Heavy Industrial Power: 3,000 Amps, 277/480 Volts Grades: 18 Docks: 10 Skylights: Throughout Warehouse Areas Sprinklered: Yes Capital Improvements: Over $1,159, in Capital Improvements Spent by Ownership

AERIAL Yard #5 ±1,150 SF Yard #4 ±1,200 SF Yard #3 ±5,788 SF 1210 Ames Ave. ±22,650 SF 1204 Ames Ave. ±9,716 SF Yard #2 ±5,000 SF 1053 Sinclair Frontage Rd. ±30,200 SF 1206 Ames Ave. 1200 Ames Ave.

3 AERIAL Yard #5 ±1,150 SF Yard #4 ±1,200 SF Yard #3 ±5,788 SF 1210 Ames Ave. ±22,650 SF 1204 Ames Ave. ±9,716 SF Yard #2 ±5,000 SF 1053 Sinclair Frontage Rd. ±30,200 SF 1206 Ames Ave Ames Ave. Yard #1 ±5,165 SF 1039 Sinclair Frontage Road ±31,166 SF 1194 Ames Ave Ames Ave. SINCLAIR FRONTAGE 1260 Ames Ave. ±19,200 SF 1180 Ames Ave Sinclair Frontage Rd ±9,812 SF 1250 Ames Ave. Yard #6 ±10,500 SF AMES AVENUE Yard #7 ±4,700 SF Ames Industrial Park Ames Office Plaza Yard Area Electrical Room (229 SF) Fire Corridor (284 SF) 1206 Ames Avenue: Storage Room (±563 SF)

4 SITE PLAN Ames Avenue Cell Tower Yard #1 ±5,165 SF Yard #2 ±5,000 SF Yard #3 ±5,788 SF Yard #4 ±1,200 SF Yard #5 ±1,150 SF Monument Signage Ramp Site Plan Not Exact or to Scale 1180 Ames Ave Ames Ave Ames Ave Ames Ave Ames Ave. ±9,716 SF 1206 Ames Avenue: ±563 SF 1210 Ames Ave. ±22,650 SF Ramp Sidewalk 1250 Ames Ave. Ames Office Plaza Courtyard Yard #8 ±3,120 SF 1260 Ames Ave. ±19,200 SF 1039 Sinclair Frontage Road ±31,166 SF 1053 Sinclair Frontage Rd. ±30,200 SF Handicap Parking Ames Industrial Park Fire Corridor (284 SF) Storage Room (±563 SF) Yard Areas Trash Cans Yard #6 ±10,500 SF Yard #7 ±4,700 SF 1025 Sinclair Frontage Rd ±9,812 SF Ames Office Plaza Electrical Room (229 SF) Grass Trees Sinclair Frontage Road Fenced Area (Not for Lease)

To Oakland AND OFFICE PLAZA MILPITAS BART STATION & TRANSPORTATION AT A ANCE Projected 20,000 daily passengers in 2030 Less than 60-minute trip to San Francisco Trains arrive every 7.

Station Multi-story parking garage next to station Convenient private shuttle and Kiss-and-Ride loading areas VTA bus transit center, providing a connection with local, limited-stop and express bus

5 To Oakland AND OFFICE PLAZA MILPITAS BART STATION & TRANSPORTATION AT A ANCE Projected 20,000 daily passengers in 2030 Less than 60-minute trip to San Francisco Trains arrive every 7.5 minutes (Milpitas Station will be served by two BART lines that operate every 15 minutes) Ground level concourse, below-ground boarding platforms Seamless connection to VTA s Montague Light Rail Station Multi-story parking garage next to station Convenient private shuttle and Kiss-and-Ride loading areas VTA bus transit center, providing a connection with local, limited-stop and express bus services throughout Silicon Valley On-site bicycle storage room BART Warm Springs Station Begin Berryessa Extention Mission Blvd. FREMONT Ames Industrial Park and Ames Office Plaza SANTA CLARA To San Francisco Santa Clara City Hall Santa Clara Station Santa Clara University 1st St Montague Expwy MILPITAS Milpitas City Hall SAN JOSE San Jose City Hall Milpitas Station Berryessa Rd Capitol Ave Mabury Rd Berryessa Station End Berryessa Extention Alum Rock Station CAPITOL AVE MONTAGUE EXPWY S MILPITAS BLVD Located just ±1.5 miles from the Ames Industrial Park and Ames Office Plaza at the intersection of Montague Expressway and Capitol Avenue near the Great Mall in Milpitas, the Milpitas BART station is currently under construction and is scheduled for completion in fourth quarter of The Milpitas BART Station is the center of the City s Transit Area Specific Plan, and will be the BART system s gateway to Silicon Valley, serving as a key local and regional connection for the high-tech, job-rich northwestern areas of Santa Clara County via adjacent Light Rail Station and VTA Transit Bus Center. Diridon/Arena Station Downtown San Jose Station SJSU Source: VTA and BART Websites

6 MAPS BAY AREA MAP MILPITAS MAP & AMES OFFICE PLAZA & AMES OFFICE PLAZA

TASMAN TECH MILPITAS, CA. ±10,721 to ±225,000 SF available MARRIOTT/ ELEMENT HOTEL STOP TO BART MCCARTHY BLVD COYOTE CREEK SYCAMORE DRIVE

TASMAN TECH MILPITAS, CA. ±10,721 to ±225,000 SF available MARRIOTT/ ELEMENT HOTEL STOP TO BART MCCARTHY BLVD COYOTE CREEK SYCAMORE DRIVE MILPITAS, CA MARRIOTT/ ELEMENT HOTEL LIGHT RAIL SOON STOP TO BART DRIVE DRIVE COYOTE CREEK MCCARTHY BLVD SYCAMORE DRIVE ±10,721 to ±225,000 SF available 10,000 SF 252,000 SF Available Free Standing High