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1635-1641 El Camino Real
9,040 SF 66% Leased Office Building Millbrae, CA 94030 $5,203,680 CAD ($576 CAD/SF) 4.85% Cap Rate
Executive Summary
Excellent Opportunity for Tax Depreciation
Superior Tenant Mix and Profile featuring Stable, Timely Tenants
Current Cap Rate of 4.85%, Pro-Forma Cap Rate of 6.89%
± 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: $3,700,000
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Signage
- Skylights
- High Ceilings
- Recessed Lighting
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Private mezzanine floor office available for lease in a secure building. Full restroom shared with another tenant. City parking lot allows easy parking for tenants as well as their clients.
Freshly remodeled mezzanine floor suite with 3 private offices, an open workspace, and a private restroom in the suite. Garage parking available for 1 car. City parking lot allows easy parking for tenants as well as their clients.
| Space | Size | Space Use | Condition | Available |
| Mezzanine-Ste 201 | 557 SF | Office | Full Build-Out | Now |
| Mezzanine-Ste 202 | 1,074 SF | Office | Full Build-Out | Now |
Mezzanine-Ste 201
| Size |
| 557 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
Mezzanine-Ste 202
| Size |
| 1,074 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
Mezzanine-Ste 201
| Size | 557 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Private mezzanine floor office available for lease in a secure building. Full restroom shared with another tenant. City parking lot allows easy parking for tenants as well as their clients.
Mezzanine-Ste 202
| Size | 1,074 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Freshly remodeled mezzanine floor suite with 3 private offices, an open workspace, and a private restroom in the suite. Garage parking available for 1 car. City parking lot allows easy parking for tenants as well as their clients.
PROPERTY TAXES
| Parcel Number | 021-131-060 | Improvements Assessment | $383,805 CAD |
| Land Assessment | $227,115 CAD | Total Assessment | $610,920 CAD |
PROPERTY TAXES
-
Daniel Gage -
Joel Gage
-
Ben Gage
- Gage Real Estate
Presented by
Gage Real Estate
1635-1641 El Camino Real
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