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Cabrillo Medical/Dental 667-669 Crespi Dr 8,533 SF 85% Leased Office Building Pacifica, CA 94044 $3,400,000 ($398.45/SF) 2.61% Cap Rate
INVESTMENT HIGHLIGHTS
- ±7,184 SF office/medical building on 18,295 SF lot
- Established medical & professional tenant base
- Easy access to Hwy-1 | Short commute to SF, SFO, & Silicon Valley
- 14 suites | 9 tenants | 3 vacancies for lease-up upside
- Steps from Linda Mar Beach & the Safeway Shopping Center
- Rare coastal commercial asset with consistent long-term demand
EXECUTIVE SUMMARY
Multi-Tenant medical and professional office building, in the heart of Pacifica's Linda Mar district. This investment opportunity, offers 7,184 sqft of gross leasable area on a 18,295 sqft lot, featuring 14 suites with 9 established tenants and 3 vacant units offering immediate upside potential. Tenancy is comprised of medical professionals, dentists, podiatrists, wellness providers, and other professionals, creating a stable and synergistic tenant mix. The property's flexible suite layout and zoning allow for continued multi-tenant operation or conversion to an owner-user headquarters with additional income from surrounding suites. With rents below market and vacancy upside, this asset presents a compelling value-add or owner-user investment along one of the most sought-after stretches of the Northern California coast. Located just off Hwy 1, the property benefits from excellent visibility and accessibility within walking distance to Linda Mar Beach, Safeway Shopping Center, and a vibrant mix of local anchor businesses including McDonald's, Starbucks, Chase Bank, and Ross. This highly desirable corridor along the San Mateo County Coast offers limited supply and consistent demand from professional and medical tenants seeking proximity to both San Francisco and the Mid-Peninsula.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$194,281
|
$22.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$194,281
|
$22.77
|
| Taxes |
$45,324
|
$5.31
|
| Operating Expenses |
$60,200
|
$7.05
|
| Total Expenses |
$105,524
|
$12.37
|
| Net Operating Income |
$88,757
|
$10.40
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $194,281 |
| Annual Per SF | $22.77 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $194,281 |
| Annual Per SF | $22.77 |
| Taxes | |
|---|---|
| Annual | $45,324 |
| Annual Per SF | $5.31 |
| Operating Expenses | |
|---|---|
| Annual | $60,200 |
| Annual Per SF | $7.05 |
| Total Expenses | |
|---|---|
| Annual | $105,524 |
| Annual Per SF | $12.37 |
| Net Operating Income | |
|---|---|
| Annual | $88,757 |
| Annual Per SF | $10.40 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
8,533 SF
Building Class
C
Year Built
1964
Price
$3,400,000
Price Per SF
$398.45
Cap Rate
2.61%
NOI
$88,757
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,267 SF
Building FAR
0.47
Lot Size
0.42 AC
Zoning
C1 - C1- Neighborhood Commercial District
Parking
26 Spaces (3.05 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Cabrillo Family Dental
- Health Care and Social Assistance
- -
- -
- -
- Cabrillo Podiatry Group
- Health Care and Social Assistance
- -
- -
- -
- Cruz Chiropractic Care
- Health Care and Social Assistance
- -
- -
- -
- Full Moon Healing Center
- Health Care and Social Assistance
- -
- -
- -
- Interactive Network Group
- Information
- -
- -
- -
- Marybeth Nolan Waters, MFT
- Health Care and Social Assistance
- -
- -
- -
- Storer Transportation
- Transportation and Warehousing
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Cabrillo Family Dental | Health Care and Social Assistance | - | - | - | ||
| Cabrillo Podiatry Group | Health Care and Social Assistance | - | - | - | ||
| Cruz Chiropractic Care | Health Care and Social Assistance | - | - | - | ||
| Full Moon Healing Center | Health Care and Social Assistance | - | - | - | ||
| Interactive Network Group | Information | - | - | - | ||
| Marybeth Nolan Waters, MFT | Health Care and Social Assistance | - | - | - | ||
| Storer Transportation | Transportation and Warehousing | - | - | - |
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 022-242-050 | Total Assessment | $2,369,642 (2025) |
| Land Assessment | $1,672,692 (2025) | Annual Taxes | $45,324 ($5.31/SF) |
| Improvements Assessment | $696,950 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
022-242-050
Land Assessment
$1,672,692 (2025)
Improvements Assessment
$696,950 (2025)
Total Assessment
$2,369,642 (2025)
Annual Taxes
$45,324 ($5.31/SF)
Tax Year
2024
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Cabrillo Medical/Dental | 667-669 Crespi Dr
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