1200 El Camino Real, Belmont, CA 94002; Sold Retail Property; 3/10 in Santa Mateo County

1200 El Camino Real, Belmont, CA 94002; Sold Retail Property; 3/10 in Santa Mateo County


Sold Retail Property in Santa Mateo County – 1200 El Camino Real,

Belmont, CA 94002 3/10

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1200 El Camino Real, Belmont, CA 94002 

Sale Information

Sale Status: Sold
Sale Date: 10/31/2012
Sale Price: $5,675,000 ($702.70/SF)
Cap Rate: 5.94% (At Time Of Listing)
Listing Price: $6,000,000

Property Details

Property Type: Retail
Property Sub-type: Neighborhood Center
Building Size: 8,076 SF
Lot Size: 0.32 Acres
APN / Parcel ID: 045-185-090

Property Description
The property comprises 8,076 square feet, this asset has ease of management with 85% national tenants; tenants include Peets, Gamestop, Supercuts, AT&T, Menchies, and Toto’s.

Parties to Transaction
Seller:
S-F BELMONT LLC

 

Buyer:
1200 ECR BELMONT LLC
330 Costello Dr Los Altos, CA
Broker:
Oakland Pacific Properties
Dan or Reuben Rubenstein
Financing Comments
Sale involved mortgage financing. Lender identified as FIRST REPUBLIC BK.