16 Corning, Milpitas CA 95035 for sale - Presented to you by Terrence Griffin of San Diego California
Listing provided courtesy of Melinda Collins of NextHome Axis Realty. Last updated 2025-09-28 08:33:37.000000. Listing information © 2025 Sandicor.

Asking Price: $3,995,000 | ​​​​​​​

16 Corning, Milpitas CA 95035

Community: ​699 - Not Defined


This property was built in 1978 and is priced at $3,995,000. Please see the additional details below.
  • 0 Sq Ft
  • 0 bathrooms
  • 0 bedrooms
  • MLS#: ML82003329
  • Type:
  • Year Built: 1978
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.

Call or Email Terrence Griffin now to inquire about this property

619-952-0152