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Previous Description:
Exceptional Investment Opportunity 41 & 61 Serra Way, Milpitas, CA Offering 3 parcels totalling 1.98 acres across two adjacent properties in the highly-visible Serra Way retail/office corridor. The two-story building at 61 Serra Way features ground-floor retail and second-floor professional offices with elevator access and fire-sprinklered construction. The adjoining address at 41 Serra Way further anchors the asset within the plaza, offering strong tenant diversity and a solid retail draw. Strategically located in Milpitas, just minutes from U.S. Routes 880 & 237, the site benefits from heavy traffic counts, high daytime population, and strong visibility. The offering presents an ideal entry or expansion acquisition for investors seeking an established asset with value enhancement potential through leasing rollout or repositioning. Currently 95% Tenant Occupancy Combined ~86,074.56 SQFT of mixed-use retail + professional office space. Existing infrastructure supports high-quality tenants (elevator, ADA upgrades, sprinklers). Prime Bay Area submarket with long-term demand drivers from tech-driven employment and retail services growth. Don't miss this rare Milpitas investment offering in a market with robust fundamentals.
Updated Description:
Exceptional Investment Opportunity: 41-61 Serra Way, Milpitas, CA Presenting a prime multi-tenant commercial investment opportunity in the core of Silicon Valley. 3 parcels totaling 1.98 acres across 2 adjacent properties in the high-visibility corner of Serra Way. The two-story building at 61 Serra Way features 1st floor retail and 2nd floor professional office suites with elevator access and fire-sprinklers. 41 Serra Way further anchors the asset within a thriving retail plaza, offering diverse tenancy and strong customer traffic. At the gateway to Silicon Valley, just minutes from I-880, I-680, and Hwy 237. Exceptional connectivity, dense daytime employment, and steady consumer activity generated by nearby tech campuses and the Great Mall of the Bay Area. Stabilized, income-producing asset (~95% occupancy) with value-add potential through lease optimization or repositioning. Highlights: Combined ±86,074 SF of mixed-use commercial office space ±1.98 acres across 3 parcels 34 Tesla charging stations on-site Strong visibility frontage and parking Demand drivers: Silicon Valley employment base, innovation economy, and retail services growth Rare opportunity to acquire a stabilized, income-producing commercial asset in one of the Bay Areas most resilient investment markets.
