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932-934 Terminal Way 2,009 SF 50% Leased Retail Building San Carlos, CA 94070 $1,399,000 ($696.37/SF) 3% Cap Rate



INVESTMENT HIGHLIGHTS
- Conveniently located near El Camino Real
- Surrounded by a mix of established office, retail, and industrial uses
EXECUTIVE SUMMARY
Excellent investment opportunity in the sought after Laureola Park neighborhood of San Carlos. This well maintained single story office, retail and industrial property offers approximately 2,009 square feet of flexible commercial space on a 4,678 square foot lot and includes two separate suites ideal for investors or future owner users. Unit 932 is currently vacant, newly remodeled, and ready for immediate occupancy, while Unit 934 is occupied by long term HVAC and contracting tenants on a flexible month to month lease. Each suite features a private entrance, interior office build outs, a wet bar, two rooms, and one half bath, with a connecting door that allows both spaces to be combined if desired. The property offers seven on site parking spaces with three in front, two along the side, and two at the rear, and benefits from a prime location between Holly Street and Brittan Avenue just minutes from the San Carlos Caltrain station, El Camino Real, Industrial Road, and Highway 101.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,009 SF
Building Class
C
Year Built
1958
Price
$1,399,000
Price Per SF
$696.37
Cap Rate
3%
NOI
$41,970
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.11 AC
Zoning
PM0001
Parking
6 Spaces (3 Spaces per 1,000 SF Leased)
AMENITIES
- Wheelchair Accessible
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 046-127-040 | Improvements Assessment | $63,742 |
| Land Assessment | $22,989 | Total Assessment | $86,731 |
PROPERTY TAXES
Parcel Number
046-127-040
Land Assessment
$22,989
Improvements Assessment
$63,742
Total Assessment
$86,731
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932-934 Terminal Way
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