Golden Opportunity at Junction Office Center
Borelli Investment Company has announced its latest business condominium offering — Junction Office Center, a two-building, 77,000 square foot complex on Junction Avenue in San Jose’s Golden Triangle. At Junction Office Center, small to medium-sized businesses can purchase — not lease — office condominiums ranging in size from 750 to 3,000 square feet, and enjoy all the tax benefits and potential long-term appreciation usually available only to businesses capable of purchasing an entire building.
“Many owners of smaller businesses don’t realize there’s an alternative to leasing,” said Ralph Borelli, president. “Business condominiums provide smaller companies all the benefits of real estate ownership: depreciation, interest write-offs, and other tax deductions — in addition to prospective appreciation over time.”
Located in San Jose’s Golden Triangle
Junction Office Center is located in the heart of the technology-rich Golden Triangle — formed by the intersections of I-880, Hwy 101, and Hwy 237 — with ready access to work with clients virtually anywhere in Silicon Valley. The complex is also only a few minutes from Mineta San Jose International Airport, and is close to the light rail line for easy commutes that avoid high gas prices.
For those who drive, there’s ample parking, with a ratio of 5.3 cars-per-thousand square feet of space. On-site services include UPS, FedEx, and US Postal Service drop boxes. In addition, a large delicatessen is planned, so business owners can hold working lunches without leaving.
“The location borders an area defined in Vision North San Jose — an ambitious land use plan that targets development along the North First Street transportation corridor,” Borelli remarked. “Junction Office Center puts owners in a prime location to benefit from this long-term growth blueprint.”
Professional-Quality Office Space
The extensive $15 million renovation features awning-covered entrances and formal lobbies in the two buildings, with polished granite floors and high ceilings. Each of the 52 suites is fully carpeted and has its own coffee bar. Suites also have individual controls for heating and air conditioning, are separately metered for electrical usage, and have access to the building’s T1 fiber optic cable for high-speed Internet access.
Completely redone multi-stalled restrooms include showers — perfect for joggers or bicyclists — a full seismic retrofit, upgraded elevators, ADA improvements, a new roof, and extensive landscaping around the buildings’ perimeter and in the central courtyard.
“We’ve also refurbished a large common conference room with Web-based videoconferencing, PowerPoint capabilities, audioconferencing, a state-of-the-art video system, and Web access,” noted Borelli. “This is a great environment for business.”
Ownership Advantages
Junction Office Center enables smaller businesses to capitalize on special tax benefits to reduce the cost of buying.
“IRC Section 179 deductions let business owners write off up to $105,000 in bonus first-year depreciation, and a well-accepted accounting method known as cost segregation can accelerate depreciation on a substantial portion of an owner’s property,” Borelli explained. “These deductions — plus SBA financing with 10 percent down — make this a very attractive opportunity.”
For more information, call Larry Bengiveno at (408) 453-4700, e-mail larry@borelli.com.