Office

Hillsdale Medical & Dental Building

1291 E Hillsdale Blvd, Foster City, CA 94404

Listing Price: $18,750,000

Cap Rate
6.27%
Gross SF
43,549
Rentable SF
39,621
Price/Gross SF
$430.55
Lot Size
2.29 acres
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Hillsdale Medical & Dental Building, a hybrid medical/dental asset in the desirable Foster City submarket of the San Francisco metro. Built-in 1970, the asset spans about 43,549 square feet on a 2.29-acre lot. The investment is currently 83.9% occupied, and 70% leased to medical or dental tenants. Building amenities include a balcony, conferencing facility, and a courtyard. The building recently underwent significant capital improvements, including a new roof, HVAC, and elevator equipment.

Investment Highlights

  • Cornerstone Medical Office in the seldomly traded medical product market of Foster City.
  • Hillsdale Medical & Dental Building presents a significant value-add and redevelopment opportunity. - Building exterior renovation and lobby upgrade -Remeasuring the building to current BOMA standard
  • Recent capital improvements and long term lease renewals.

Exclusively Listed By

Office

Hillsdale Medical & Dental Building

Listing Price: $18,750,000

Cap Rate
6.27%
Gross SF
43,549
Rentable SF
39,621
Price/Gross SF
$430.55
Lot Size
2.29 acres
Year Built
1970

Investment Highlights

  • Cornerstone Medical Office in the seldomly traded medical product market of Foster City.
  • Hillsdale Medical & Dental Building presents a significant value-add and redevelopment opportunity. - Building exterior renovation and lobby upgrade -Remeasuring the building to current BOMA standard
  • Recent capital improvements and long term lease renewals.

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale the Hillsdale Medical & Dental Building, a hybrid medical/dental asset in the desirable Foster City submarket of the San Francisco metro. Built-in 1970, the asset spans about 43,549 square feet on a 2.29-acre lot. The investment is currently 83.9% occupied, and 70% leased to medical or dental tenants. Building amenities include a balcony, conferencing facility, and a courtyard. The building recently underwent significant capital improvements, including a new roof, HVAC, and elevator equipment.

Exclusively Listed By

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