963-973 Fremont Ave - Freestanding FOR SALE


Los Altos, CA 94024
$2,900,000 USD
408-727-9600
963-973 Fremont Ave, Los Altos, CA for Sale
$2,900,000 USD
Freestanding - FOR SALE
1/2
null | 4% Cap Rate

963-973 Fremont Ave
Los Altos, CA 94024


HIGHLIGHTS

  • Situated in the heart of Los Altos, a vibrant and affluent community known for its high-quality retail and dining options.
  • The Property is being sold for well below replacement cost providing significant upside potential once the lease expires.
  • Bicycle Outfitters has been in the space for 20+ years and recently exercised a new 5 year option showing their commitment to the market and building
  • Retail lease rates in Los Altos are among the highest in the Bay Area, reflecting the desirability of the market
  • Los Altos residents are known to support local businesses, fostering a strong sense of community and repeat patronage
  • Purchasing a bicycle is still an “Amazon proof” business

OVERVIEW

Newmark, as exclusive advisor, is pleased to present the opportunity to acquire PUD/R1 CLUSTER the fee simple interest in 963-973 Fremont Ave in the prestigious Los Altos market. This fully NNN leased retail asset, consisting of ±5,978 square feet, presents a rare opportunity for investors seeking a secure income-producing asset in one of the most sought-after markets in Silicon Valley. With a stable tenant and a premium location, this property offers: Consistent Cash Flow with predictable rental income under NNN terms. Strong Market Fundamentals Located in a high-demand retail submarket with limited vacancy. Value Appreciation with significant potential for long-term capital appreciation

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$485 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,985 SF

ZONING

CN

APN/PARCEL ID

189-15-062

ASK ABOUT THIS PROPERTY

Jesse MillmanNewmarkMore Info
408-727-9600

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Jesse MillmanNewmarkMore Info
408-727-9600

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