16 Corning Ave

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.