Property Description

Recently listed, this 4- tenanted medical and general office/retail center is well maintained. Tenants have been located in their office/retail suites since 2001. The Medical Office tenant enjoys 19 examination and offices/lab suites. This tenant is a San Mateo hospital sponsored medical clinic, occupying 3,300 square feet. The Hair Salon is occupied by multiple Hair and Color Stylists with 1,400 sf suite.. Newly occupied Furniture Store has recently occupied 900 sf suite.. One 900 sf now vacated with market rent of $2.25/sf. Well maintained HVAC systems are enjoyed by all tenants.. With the high traffic count and adjacent prosperous retailers along Fifth Avenue, the adjacent property Domino Pizza and a Retail Store was recently purchased in October 2013. Both properties share in common non-exclusive parking facilities for 32 parking spaces. Our property’s 2013 Actual Net Operating Income was $159,160. Projected 2014 Net Operating Income: $169,700 Projected 2014 CAP Rate of 7.07% = $2.4 million

Location Description

Located at the southern corner of Fifth Avenue and Waverly Street, the property is located one block west of El Camino Real and three blocks east of Middlefield Road; and one mile east of Highway 101