$2,520,000 ($461/SF)
The Ivy Group is pleased to offer FOR SALE a free standing, neighborhood multi tenant retail property located in the Niles District of Fremont, CA.
Zoned Commercial General with a Historical Overlay (CG (HOD)), the property consists of 4 units and anchored by a corporate 7-Eleven.
Offered to the market the first time since its development in 1984, the property provides investors the extremely rare opportunity to purchase a highly sought after, value added neighborhood retail strip center in the established 880 submarket corridor of Silicon Valley with quality, daily needs tenancy paying on average 20% below market rents.
INVESTMENT HIGHLIGHTS:
The property is located in the Niles District of Fremont, CA. It is strategically situated at the corner of Niles Blvd and Mission Blvd, with direct access to Hwy 680.
The property is surrounded by numerous residential homes and convenient amenities.
Per a recent San Jose Business Journal article by Katie Burke, dated August 30, 2021, she noted:
“Situated along the southeastern border of the San Francisco Bay, Fremont is a short drive from the world’s largest tech hub in Silicon Valley and the strengthening biotech market along the peninsula. It’s in the center of the region’s largest industrial market, a pocket of the real estate industry that has fared well throughout the current health and economic crises largely because of the rise in e-commerce and increasing tenant demand to build out distribution networks.
But the East Bay suburb’s appeal now extends far beyond its plethora of warehouse and distribution space. Fremont officials in recent years have ramped up efforts to attract corporate tenants in the biotech, advanced manufacturing and technology sectors, all of which are expected to generate significant dividends for the region in the short- and long-term future, said Marco Cugia, CoStar’s associate director of market analytics in San Francisco.
Social media giant Facebook now encompasses more than 1 million square feet of office space in Fremont, according to CoStar data. Electric car maker Tesla houses all its manufacturing operations and more than 10,000 employees in its Fremont factory at 45500 Fremont Blvd. The city is now home to more than 1,200 high-tech, life sciences and clean technology firms, according to Fremont’s Economic Development Department.”
37981 Niles Boulevard, Fremont, CA, USA
