San Jose, California – We have Silicon Valley Commercial Loans news today. Many Triple Net Lease Properties investors search for retail shopping centers and net lease properties, especially in quality areas. The El Paseo de Saratoga recently received Investment Property financing. This Commercial Loan collateral is located at Prospect Ave. & Campbell Avenue. This Commercial Loan collateral benefits from approximately 32,200 cpd (vehicles per day) from just one of these main roadways. This San Jose Commercial Loan collateral was refinanced with a $61 million commercial loan.
Commercial Mortgage Lenders were able to get Terramar Retail Centers a 10-year commercial loan with a fixed-rate. Many of the current Net Lease Funding sources for the capital comes from Life Insurance Company funds. This Commercial Loan came with a very attractive 4.55% interest rate. CTL Financing for these net lease properties is readily available.
This San Jose Net Lease Property has the address of 100-1550 El Paseo de Saratoga Road in San Jose, California. This Commercial Loan collateral sits in the premier Santa Clara County. The El Paseo de Saratoga Net Lease Property, is a retail shopping center that is approximately 340,857 square feet. This California Commercial Loan collateral was designed as an open-air retail shopping center and entertainment center.
The San Jose Commercial Loan collateral has the capability for about 2,066 cars to park comfortably. This Commercial Loan collateral sits right in the middle of Silicon Valley which is one of the Country’s strongest retail markets on the West Coast. These factors will help the Property Owners have plenty of business to help pay down their Commercial Mortgage.
This California Commercial Loan collateral has some premier Tenants including Lucky Supermarket, REI, Petco, Office Max, and the AMC Theatres. This California Net Leased Property had a major renovation completed in 2007. This San Jose Commercial Loan collateral consists of 18 buildings that are situated on approximately 32.3 acres. This is a popular Retail Shopping Center in San Jose with a sufficient amount of local retail customers having an average household income of $110,295 to about $118,899.
The retail foot traffic comes in from more affluent towns such as Cupertino, Campbell and Saratoga. Some NNN Commercial Real Estate investors see this REI retail store, with about 45,112 square feet, as the primary net lease property tenant. The net lease property tenant, REI, sells great sporting goods, gear, equipment and clothing for outdoor adventures. Our Commercial Mortgage Lenders have sufficient Net Lease Funding for these property types. This Commercial Loan collateral also has a Trader Joe’s sitting across the Street.
The California Commercial Loan collateral is currently about 94% leased. Some successful net leased property tenants are located here including Peet’s Coffee, Jamba Juice, and a thriving bank, U.S. Bank. The Commercial Loan collateral has an excellent location being adjacent to Highway 85, rather than the 101, or Highway 280. This makes the traffic for this net leased property easier to maneuver around.
Terramar Retail Centers is the Net Lease Property owner and received the Investment Property financing. Terramar Retail Centers acquired the Silicon Valley retail shopping center in the fall of 2008. The Net Leased Property owners were in a position to acquire this property with an all-cash purchase. We are not aware if this was a 1031 Exchange replacement property.
The Net Lease property Owner, Terramar Retail Centers, is a privately-held commercial retail shopping center investment, and management Company. Terramar Retail Centers is also a commercial real estate development company which is headquartered in Carlsbad, California. Terramar Retail Centers has an excellent investment strategy as they strive to acquire, develop and operate well-located retail net lease properties in the western portion of the Country.
The NNN Commercial Real Estate Company is known as one of the Country’s most successful private commercial real estate companies. This premier commercial real estate company was started in 1996. Terramar Retail Centers is actively seeking opportunities for retail net lease properties and NNN property acquisitions in core markets.
Tenant List for The El Paseo de Saratoga Retail Shopping Center:
Hallmark Net Lease Property Tenants
Jennie’s Nails Net Lease Property Tenants
El Paseo Family Dentistry Net Lease Property Tenants
Lucky’s Supermarket Net Lease Property Tenants
Office Max Net Lease Property Tenants
REI Net Lease Property Tenants
Petco Net Lease Property Tenants
ULTA Net Lease Property Tenants (Summer 2011)
Till’s Net Lease Property Tenants
AMC Theater Net Lease Property Tenants
European Wax Center Net Lease Property Tenants
Club Havana Net Lease Property Tenants
Johnny D’s Barber Shop Net Lease Property Tenants
Baskin Robbins Net Lease Property Tenants
Pizza My Heart Net Lease Property Tenants
Cellular Image Net Lease Property Tenants
Thomasville Net Lease Property Tenants
The Jungle Net Lease Property Tenants
Red Robin Net Lease Property Tenants
Rubio’s Net Lease Property Tenants
For Eyes Optical Net Lease Property Tenants
All Ears Audio Net Lease Property Tenants
Jamba Juice Net Lease Property Tenants
Mimi’s Cafe Net Lease Property Tenants
Citibank Net Lease Property Tenants
Panda Express Net Lease Property Tenants
Peet’s Coffee & Tea Net Lease Property Tenants
Noah’s Bagels Net Lease Property Tenants
Learning Express Net Lease Property Tenants
Planet Beach Tanning Net Lease Property Tenants
Elements Net Lease Property Tenants
Le Boulanger Net Lease Property Tenants
Wolf Camera Net Lease Property Tenants
HSBC Net Lease Property Tenants
H&R Block Net Lease Property Tenants
Great Clips Net Lease Property Tenants
Pure Cleaners Net Lease Property Tenants
Wachovia Net Lease Property Tenants
U.S. Bank Net Lease Property Tenants
If you are seeking to buy investment property, especially in the areas listed below, then fill out our easy Commercial Loan Form
