Top Performing Silicon Valley Location

Essential CRE is pleased to present the off-market opportunity to acquire the fee simple interest in a premier, single tenant 24 Hour Fitness located at 1610 Crane Court in San Jose, CA. The subject property is a two-story 77,300 square foot building that resides on 5.65 acres of land. The building was constructed in 1980 as office/industrial and converted to fitness use in 2009. This offering represents an excellent opportunity to acquire a top performing net leased 24 Hour Fitness in one of the strongest technology office, life science and industrial transit Bay Area markets.

Rare Opportunity to Acquire Top Performing Single Tenant Net Leased 24 Hour Fitness in Premier San Jose Location
Tenant Renewed 2.5 Year Early and has 4.5 Year Remaining on NN Lease with Two, 5-Year Options and 6% Scheduled Increases every 30 Months
High-Visibility Location Off Highway 101 and Zanker Road Surrounded by Technology/Life Science Offices and High Density Residential
TEC Zoning Permits Development with Retail and Service Commercial uses on the First Two Floors; with Office, Research and Development or Industrial use on upper Floors; as well as Wholly Office, Research and Development, or other Industrial Park uses

San Jose, California, is a major city in the heart of Silicon Valley, known for its significant role in the technology industry. San Jose is situated in Santa Clara County, in the southern part of the San Francisco Bay Area. The city covers an area of approximately 180 square miles and is surrounded by the Santa Cruz Mountains to the west and the Diablo Range to the east. San Jose is the third-largest city in California and the tenth-largest in the United States, with a population of over 1 million people. San Jose is often referred to as the "Capital of Silicon Valley," home to many high-tech companies and startups, including giants like Cisco Systems, Adobe, and eBay. The city's economy is driven by the technology sector, but it also has strong industries in manufacturing, education, and healthcare.
San Jose is home to several institutions of higher learning, including San Jose State University, which is part of the California State University system. The city's proximity to other prestigious universities like Stanford and UC Berkeley further enhances its reputation as a center for innovation and research. San Jose has a well-developed public transportation system, including the VTA light rail, buses, and the nearby Caltrain, which connects to San Francisco. The city is served by Norman Y. Mineta San Jose International Airport. San Jose continues to evolve, balancing its rich history with its status as a leading center for innovation and technology.