1635-1641 El Camino Real - Medical FOR SALE


Millbrae, CA 94030
$3,350,000 USD
650-445-7578
1635-1641 El Camino Real, Millbrae, CA for Sale
$3,350,000 USD
Medical - FOR SALE
1/35
null | 5.67% Cap Rate

1635-1641 El Camino Real
Millbrae, CA 94030


HIGHLIGHTS

  • PRICE REDUCED $350,000
  • Motivated Seller. Brings Offers.

OVERVIEW

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

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$371 USD /SF

CAP RATE

5.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CL00C1

APN/PARCEL ID

021-131-060

ASK ABOUT THIS PROPERTY

Daniel GageGage Real EstateMore Info
650-445-7578

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Daniel GageGage Real EstateMore Info
650-445-7578

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.