16 Corning AVE, Milpitas, CA 95035

Other
THB ฿129,162,345
USD $3,995,000
Published on: 07 May 2025
Last updated on: 12 Jul 2025
16 Corning AVE, Milpitas, CA 95035
16 Corning AVE, Milpitas, CA 95035
16 Corning AVE, Milpitas, CA 95035
+10
16 Corning AVE, Milpitas, CA 95035
  • 10
Property ID: 110099239477
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Commercial Sale, Other - Milpitas, CA

16 Corning AVE, Milpitas, CA 95035
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.

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Land Size
2,751.86 m2
Year Built
1978
Architecture Style
Other
Provider
NextHome, Inc
Brokerage Office Name
NextHome, Inc
Address
16 Corning AVE, Milpitas, CA 95035
Contact Agent
Melinda Collins
NextHome Axis Realty
2690 S White Road, Suite 110, San Jose, CA 95148
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Melinda Collins
2690 S White Road, Suite 110, San Jose, CA 95148
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      Property ID: 110099239477

      Original Property ID: 3yd-NEXTHOME-266596
      Data provided by NextHome, Inc, MLS #: ML82003329
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