Multi-Tenant Office with Redevelopment Potential — Sale in Campbell, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Campbell, CA 95008

Photos

Multi-Tenant Office with Redevelopment Potential — Sale in Campbell, CA, photo 1 of 3
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Multi-Tenant Office with Redevelopment Potential — Sale in Campbell, CA, photo 3 of 3

Investment Figures

Cap rate
2.76%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

2470 S. Winchester Boulevard is an approximately 0.62-acre site currently improved with a multi-tenant office building. The site has the potential to be redeveloped at a density of 100 dwelling units per acre due to its proximity to the VTA light rail Winchester Station. The property is located less than one-quarter mile from a VTA light rail stop, making it eligible for redevelopment under Senate Bill 79. The property is designated as a Tier 2 site and can be developed with a mixed-use project up to 65 feet in height with a density of 100 dwelling units per acre; it must have a minimum 3.0 residential floor area ratio. The site is priced well below current entitled land values in the area (contact agent for details). Currently, the building is 100% leased to five tenants. All of the tenants have leases or options that expire within the next five years. This provides an incredible opportunity to acquire a cash flowing asset below land value while pursuing development approvals. Investment Highlights: • Site is less than one-quarter mile to a VTA light rail station and can be redeveloped with up to 100 units per acre under SB 79 • Incredible covered land investment opportunity priced well below entitled land cost • Property has been identified by the city in their Housing Element as a Housing Opportunity Site • Currently 100% leased to five tenants with most on short-term leases • Located directly across from a grocery-anchored shopping center; less than one mile to restaurants and shops in Downtown Campbell

Market Context

This office in Campbell, CA is listed for sale. It is offered at an approximate 2.8% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in Campbell, CA — view the full market.

As of Q2 2026, the Silicon Valley office market showed average asking rents near $61.26/SF/yr. Source: multiple brokerage reports, Q2 2026.

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