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1621 El Camino Real

3,885 SF 100% Leased Retail Building Millbrae, CA 94030 $2,986,503 CAD ($769 CAD/SF) 3.06% Cap Rate

Investment Highlights

  • Great In-line retail location

Executive Summary

1621 El Camino Real presents a rare opportunity for investors to acquire a stunning mixed-use asset located in the vibrant city of Millbrae, California.
Situated on a 3,305 square foot parcel of land, 1621 El Camino Real features approximately 3,885 square feet of interior space between the two stories. The first floor features two retail suites, each with approximately 1,280 square feet of net rentable area, while the second floor features a two-bedroom residential unit with an office nook consisting approximately 1,325 square feet of interior space. 1621 El Camino Real is strategically located on the Bay Area's peninsula between the major cities of San Francisco and San Jose.
1621 El Camino Real is strategically located on the Bay Area's peninsula between the major cities of San Francisco and San Jose. The subject property is located on the busy thoroughfare of El Camino Real among countless other high-end shopping, dining, and entertainment options. Several notable nearby attractions include Central Park, the Millbrae History Museum, and San Andreas Lake. The subject property also offers tenants convenient access to transportation corridors including US Highway 101, State Route 82, Interstate 280, the Millbrae Caltrain station, and San Francisco International Airport.
The investment appeal of this asset is driven by Millbrae's low vacancy factors. With a world-class location in the heart of the San Francisco Bay Area, 1621 El Camino Real presents an attractive choice for investors due to its proximity to major transportation corridors and employers.

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,885 SF
Building Class
C
Year Built
1946
Price
$2,986,503 CAD
Price Per SF
$769 CAD
Cap Rate
3.06%
NOI
$91,387 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.11
Lot Size
0.08 AC
Zoning
CL00C1
Frontage
54 ft on El Camino Real
Walk Score ®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Tri Counties Bank
Bank of America
Citi
Starbucks
IHOP
F45
Peet's Coffee
Safeway
Trader Joe's
24 Hour Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
021-131-070
Land Assessment
$820,732 CAD
Improvements Assessment
$563,933 CAD
Total Assessment
$1,384,665 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023
  • Listing ID: 34190257

  • Date on Market: 2024-12-13

  • Last Updated:

  • Address: 1621 El Camino Real, Millbrae, CA 94030

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