Investment Overview

OWNER/USER COMMERCIAL BUILDING 1160 El Camino Real is a +/-2,500 square foot freestanding commercial building situated on a +/-3,350 square foot site near downtown San Carlos. The property has been utilized as a physical therapy facility and is improved with a reception area, open treatment area, three private offices, a kitchen and breakroom, and restroom. There are three parking spaces at the rear of the site. The building is in excellent condition, making it ideally suited for an owner/user. EXCELLENT VISIBILITY AND ACCESS El Camino Real is the main commercial thoroughfare on the San Francisco Peninsula and the subject property benefits from its frontage along this roadway. More than 28,000 vehicles pass the site each day. The site is about one-half mile from an interchange with US Highway 101, providing excellent regional access. Addi¬tionally, the San Carlos Caltrain station is less than three-quarters of a mile north of the site and there are SamTrans bus stops near the property, making it easily accessible from public transit. FLEXIBLE ZONING The site has a zoning designation of Mixed-Use South Boulevard (MU-SB-120). Permitted uses include day care centers, banks, business services, restaurants, general office, medical/dental office, and retail. Additionally, the site has potential to be redeveloped with a mixed-use project. The zoning allows a mix of residential development of up to 120 units per net acre and retail and commercial uses, as well as hotels and other commercial uses oriented toward a regional market. EXCEPTIONAL DEMOGRAPHICS The property is located in San Mateo County, which has the highest median income of any county in the state of California. The average household income within one mile of the property is $221,613 and the median income is $166,846 within the same radius. Additionally, San Carlos is projected to continue growing over the next five years, with a 2.1% increase in the population by 2027. EMERGING BIOTECH HUB The City of San Carlos is undergoing a major transformation into a biotech hub for the San Francisco Bay Area. There are several life science campuses totaling more than 1.6 million square feet either planned or currently under construction in San Carlos. When complete, these developments will bring thousands of new employees to San Carlos every day. This will create more demand for housing, retail, and personal services in the area. The subject property is well positioned to capture the increased demand created by these projects.