1635-1641 El Camino Real, Millbrae
$ 25.91 - 31.67 (Est.)
1635-1641 El Camino Real, Millbrae, CA 94030-1214
$ 25.91 - 31.67 (Est.)
Description
EXECUTIVE SUMMARY
Rarely Available Opportunity, SAME OWNERSHIP FOR 50 YEARS!
Excellent Opportunity for Tax Depreciation
Superior Tenant Mix and Profile featuring Stable, Timely Tenants
Current Cap Rate of 5.45%, Pro-Forma Cap Rate of 7.73%
± 6,933 Net Rentable Sq ft., ± 9,040 Total Building Sq ft.
Fully Renovated and Updated with Class A Finishes Throughout
Exterior Weatherized and Rear Wall Painted December 2023
Interior Fully Painted December 2023
HVAC Systems Fully Updated December 2023
Rear Public Parking Lot Provides Ample Parking
Vehicle Traffic of 28,800 cars per day
Marque Signage facing El Camino Real Provides for Increased Visibility
Sale Asking Price: $3,350,000
Highlights
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Square Footage: 1,631 SF -
Term: Negotiable -
Lease Rate: $25.91 - 31.67 (Est.)
Features
INVESTMENT HIGHLIGHTS
- PRICE REDUCED $350,000
- Motivated Seller. Brings Offers.