Skip to main content

Mixed-Use

1352 El Camino Real

1352 El Camino Real, San Carlos, CA 94070

Listing Price: $2,900,000

Cap Rate
6.58%
Number of Suites
2
Gross SF
4,900
Rentable SF
4,900
Price/Gross SF
$591.84
Lot Size
0.08 acres
Year Built
1956

Investment Overview

Marcus & Millichap has been retained as the exclusive listing agent for 1352-1354 El Camino Real in San Carlos. The property is a rare opportunity for investors and owner users alike to acquire a well-located mixed-use building on El Camino Real. The property consists of a 2-story building on a 3,350 Sq. Ft. lot with direct frontage on El Camino Real. A new tar and gravel roof has been placed on the property within the last 10 years, and the HVAC has also been recently replaced with new units. Both floors have been renovated with new flooring, fresh wall finishes and new bathrooms. Access is also available through an alley in the back of the property, where there is parking for up to 6 or 7 vehicles. The top floor is currently fully leased to Dexafit, a company which specializes in biometric testing. Dexafit has over 30 locations throughout the United States and is exploring expanding internationally. The current rent Dexafit pays is well below other recently signed office rents in similar buildings in the area. The top floor is currently vacant and can be delivered in a vanilla shell condition to either an owner user or an investor looking to lease it at market. 1352-1354 El Camino Real benefits from a great location directly on El Camino Real, and easy access to highways 101 and 280. It is walking distance to all the dining and entertainment in downtown San Carlos, as well as the San Carlos Caltrain station. Situated almost equidistantly from San Francisco and San Jose, San Carlos is among the wealthiest and most desirable communities in the Bay Area, with average household incomes exceeding $200,000 in the area immediately surrounding the property. 1352-1354 El Camino Real in San Carlos is a great opportunity for investors and owner users alike to acquire a pride of ownership assets in a prime, core Bay Area location.

Investment Highlights

  • Available for an Owner User
  • Superb Core Bay Area Location
  • $210,000 Average Household Income in a 1-Mile Radius

Exclusively Listed By

Listing Price: $2,900,000

Cap Rate
6.58%
Number of Suites
2
Gross SF
4,900
Rentable SF
4,900
Price/Gross SF
$591.84
Lot Size
0.08 acres
Year Built
1956

Investment Highlights

  • Available for an Owner User
  • Superb Core Bay Area Location
  • $210,000 Average Household Income in a 1-Mile Radius

Investment Overview

Marcus & Millichap has been retained as the exclusive listing agent for 1352-1354 El Camino Real in San Carlos. The property is a rare opportunity for investors and owner users alike to acquire a well-located mixed-use building on El Camino Real. The property consists of a 2-story building on a 3,350 Sq. Ft. lot with direct frontage on El Camino Real. A new tar and gravel roof has been placed on the property within the last 10 years, and the HVAC has also been recently replaced with new units. Both floors have been renovated with new flooring, fresh wall finishes and new bathrooms. Access is also available through an alley in the back of the property, where there is parking for up to 6 or 7 vehicles. The top floor is currently fully leased to Dexafit, a company which specializes in biometric testing. Dexafit has over 30 locations throughout the United States and is exploring expanding internationally. The current rent Dexafit pays is well below other recently signed office rents in similar buildings in the area. The top floor is currently vacant and can be delivered in a vanilla shell condition to either an owner user or an investor looking to lease it at market. 1352-1354 El Camino Real benefits from a great location directly on El Camino Real, and easy access to highways 101 and 280. It is walking distance to all the dining and entertainment in downtown San Carlos, as well as the San Carlos Caltrain station. Situated almost equidistantly from San Francisco and San Jose, San Carlos is among the wealthiest and most desirable communities in the Bay Area, with average household incomes exceeding $200,000 in the area immediately surrounding the property. 1352-1354 El Camino Real in San Carlos is a great opportunity for investors and owner users alike to acquire a pride of ownership assets in a prime, core Bay Area location.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower