115 N McCarthy Blvd, Milpitas, CA 95035 Property Records

Santa Clara County property record for 115 N McCarthy Blvd, Milpitas, CA 95035

Property Summary

Property Type	R&D Facility, Laboratory
Details	115,753 sqft · built 2001
Lot Size	2.03 acres (88,686 sqft)
Owner	Company Name on Record
Last Sale	$70,250,000 (Jul 2019)
Tax Bill	$284,659 (2025)
Deeds & Mortgages	Apr 2020 Loan Modification Jul 2019 Sale & Line of Credit
Flood Zone	Zone X (moderate risk)
APN	`022-56-005`

Property Details

APN / Parcel Number

Primary APN	`022-56-005`

Interior

Stories	2 Stories
Building Area	115,753 sqft Total Area
Fire Sprinklers	Fire Sprinklers
Elevator	Elevator

Exterior

Year Built	Built 2001
Effective Year Built	Effective 2001
Architectural Style	L-Shape
Construction Type	Frame
Fire Resistance	Fireproof Steel Frame
Lot Area	88,686 sqft

Utilities, Heating & Cooling

Cooling System	HVAC

Location & Zoning

Street Address	115 N MCCARTHY BLVD
City	MILPITAS
State	CA
Zip	95035-5102
Property Category	Industrial
Property Type	Industrial > R&D Facility, Laboratory
Local Zoning Code	MP
Legal Description	LOT 1 RECORDER'S BOOK 749 PAGE 13
Jurisdiction	SANTA CLARA CA
Township / Civil Division	SAN JOSE
Census Block Group	1
Census Block	1120
Census Tract	504602

Owner

Source: Santa Clara County records, as of July 27, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	255 SHORELINE DR, 300, REDWOOD CITY, CA 94065-1429
Owner Type	Company

Deeds, Mortgages & Sale History

Date	Document
Apr 22, 2020	Loan Modification, Mortgage · Line of Credit AMERICAN FAM LIFE ASSUR CO/COL
Jul 25, 2019	Grant Deed, Transfer · Line of Credit MISCELLANEOUS INS CO

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 25, 2019 · Amount on Record
Deed Sale	Jul 25, 2019 · Amount on Record
Prior Sale	Sep 7, 2006
Deed Document Number	201924238777
Prior Transfer Date	Jul 24, 2019
Prior Transfer Doc	0024238777
Record Updated	Oct 29, 2026

April 2020: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	SANTA CLARA CA
Property Address	115 N MCCARTHY BLVD, MILPITAS, CA 95035-5102
Document Number	0024463184
Instrument Date	Apr 22, 2020
Transaction Type	Mortgage
Record Updated	May 13, 2020
Title Company	FIRST AMERICAN TITLE, FIRST AMERICAN TITLE INSURANCE

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	1301 SHOREWAY RD #250 BELMONT CA 940024156, 250, BELMONT, CA 94002-4156

Mortgage

Document Number	0024463184
Date	Apr 24, 2020
Instrument	24463184

Lender

Name	AMERICAN FAM LIFE ASSUR CO/COL
Address	80 E SIR FRANCIS DRAKE BLVD # 2, LARKSPUR, CA 94939-1709

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate

July 2019: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	SANTA CLARA CA
Recording Date	Jul 25, 2019
Property Address	115 N MCCARTHY BLVD, MILPITAS, CA 95035-5102
Document Number	0024238777
Instrument Date	Jul 24, 2019
Instrument	24238777
Transaction Type	Transfer
Record Updated	May 13, 2020
Title Company	FIRST AMERICAN TITLE, FIRST AMERICAN TITLE INSURANCE

Transaction

Amount	Amount Recorded
Loan-to-Value (LTV)	LTV on Record
Tax	$77,275.00
Amount Accuracy	Full Value
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	1301 SHOREWAY RD #250 BELMONT CA 940024156, 250, BELMONT, CA 94002-4156

Mortgage

Document Number	24238780
Date	Jul 25, 2019
Instrument	24238780

Lender

Name	MISCELLANEOUS INS CO
Address	80 E SIR FRANCIS DRAKE BLVD # 2, LARKSPUR, CA 94939-1709

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Santa Clara County assessment roll, as of July 27, 2026

Property Jurisdictions

Type	Name
State	California
County	Santa Clara County
Municipality	Milpitas City
Unified School District	Milpitas Unified School District (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value
2026		$24,978,053 (+2%) Land $3,904,315 Building $21,073,738
2025	$284,659.00 (+1.69%)	$24,488,288 (+30.9%) Land $3,827,760 Building $20,660,528
2024	$279,924.00 (+25.63%)
2023	$222,817.00 (+118.14%)	$18,707,079 Land $3,679,124 Building $15,027,955
2022	$102,144.00

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective January 18, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X moderate risk
500-Year Floodplain	Yes 0.2% annual chance
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on Record median of 178 individual policies
Community Rating System	Class 7 (15% premium discount)
Nearby Flood Policies	202 units insured incl. 24 condo units
Nearby Flood Claims	79 (1982–2017)
Most Recent Claim	Jan 2017 · rainfall accumulation
Claims by Event	Severe Winter Storms And Flooding, Mar 1998 · 3 claims Coastal Storms, Floods, Slides & Tornadoes, Mar 1983 · 59 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 80% of the US · lower than 88% of California
Wildfire Likelihood	0.01% annual chance
Exposure	Indirect within ember reach
Adjoins Burnable Land	Yes

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF MILPITAS serves 81,915 people · EPA ID CA4310005
Water Source	Purchased surface water from several systems
Last State Inspection	Nov 2025
Lead	3 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	1 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 9 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Tekify Fiber & Wireless Fixed Wireless	425 / 80
AT&T Fixed Wireless	25 / 3

May also be available: Etheric Networks, GeoLinks, Ridge Wireless, Sail Internet.

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