2450 Cabrillo Hwy S
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2450 Cabrillo Hwy S
14,932 SF Office Building Half Moon Bay, CA 94019 $6,491,880 CAD ($434.76 CAD/SF) 5% Cap Rate
INVESTMENT HIGHLIGHTS
- Investors have the opportunity to acquire an exceptional office asset in one of the most dynamic and desirable locations on the Peninsula.
- Half Moon Bay is a thriving coastal city located 28 miles south of San Francisco and 40 miles from San Jose.
- 2450 Cabrillo Hwy S represents a stunning office asset featuring modern interior finishes, multiple conference rooms, private offices and more.
- According to TrafficMetrix, the subject property benefits from high street exposure hosting an approximate daily vehicle count of 11,958.
EXECUTIVE SUMMARY
2450 Cabrillo Hwy S is an exceptional office investment opportunity located in the thriving city of Half Moon Bay, California.
Situated on a 36,743 square foot parcel of land, the subject property was originally constructed in 2002 and features a gross building area of approximately 14,932 square feet offering three beautifully designed large office suites.
2450 Cabrillo Hwy S represents a stunning office asset featuring modern interior finishes, multiple conference rooms, private offices, reception spaces, kitchenette, copy room, onsite parking and elevator access. Businesses located at the subject property have a strong street presence located just off of the Pacific Coast Highway which hosts a daily vehicle average of 11,958, according to TrafficMetrix.
Half Moon Bay is a beautiful city located along the Pacific Coast and features forested hills, sunny beaches, and plenty of hiking trails. As the westernmost city in San Mateo County, the city is a scenic getaway established 28 miles south of San Francisco and 40 miles from San Jose.
The investment appeal of this asset is driven by Half Moon Bay's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 2450 Cabrillo Hwy S presents an attractive choice for peninsula tenants due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Situated on a 36,743 square foot parcel of land, the subject property was originally constructed in 2002 and features a gross building area of approximately 14,932 square feet offering three beautifully designed large office suites.
2450 Cabrillo Hwy S represents a stunning office asset featuring modern interior finishes, multiple conference rooms, private offices, reception spaces, kitchenette, copy room, onsite parking and elevator access. Businesses located at the subject property have a strong street presence located just off of the Pacific Coast Highway which hosts a daily vehicle average of 11,958, according to TrafficMetrix.
Half Moon Bay is a beautiful city located along the Pacific Coast and features forested hills, sunny beaches, and plenty of hiking trails. As the westernmost city in San Mateo County, the city is a scenic getaway established 28 miles south of San Francisco and 40 miles from San Jose.
The investment appeal of this asset is driven by Half Moon Bay's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 2450 Cabrillo Hwy S presents an attractive choice for peninsula tenants due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 - 2024) 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
Office
Building Size
14,932 SF
Building Class
C
Year Built
2002
Price
$6,491,880 CAD
Price Per SF
$434.76 CAD
Cap Rate
5%
NOI
$324,594 CAD
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,466 SF
Building FAR
0.41
Lot Size
0.84 AC
Zoning
Commercial PUD
Parking
50 Spaces (2.86 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 066-092-800 | Total Assessment | $4,904,163 CAD (2023) |
| Land Assessment | $3,442,444 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,461,719 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
066-092-800
Land Assessment
$3,442,444 CAD (2023)
Improvements Assessment
$1,461,719 CAD (2023)
Total Assessment
$4,904,163 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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2450 Cabrillo Hwy S
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