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Listed by Jake Anthony • MJA Equity Investments, Inc. • 650-241-2100
$ 9,350,000
Est. payment /mo
New
906 Burbank Drive Santa Clara, CA 95051
14,677 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 14,677 sqft
Price per Sqft $637
MLS Listing ID ML82066884
HOA Y/N No
Year Built 1961
Lot Size 0.550 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
Offering of 7 tenant-in-common (TIC) positions totaling a 33.75% undivided interest in Lawrence Arms Apartments, a 22-unit community in Santa Clara. Positions range from 3.43% to 5.14% and may be purchased individually or in combination, priced pro rata to a $9,350,000 property valuation ($425,000/unit; $3,155,625 combined). Each sale is subject to the existing TIC agreement. Do NOT disturb tenants or on-site staff; tours by appointment only with listing agent. Units 04 and 10 are leased to a corporate housing company on a revenue share. Offering Memorandum, rent roll and financials available upon request
Location
State CA
County Santa Clara
Interior
Heating Natural Gas
Flooring Laminate
Fireplace No
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