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Foster Square Retail 2 Retail Properties Offered at $20,000,000 in Foster City, CA
Executive Summary
FOSTER SQUARE RETAIL is a rare trophy retail investment opportunity with e-commerce-resistant tenancy and stable income, immediate NOI upside, strong annual increases and long-term growth. Recently delivered in 2017, the 28,182 square foot multi-tenant retail asset is 94.9% leased with a weighted average lease term (WALT) of 5.1 years and no scheduled rollover until 2027. This offering presents a rare combination of stable ‘core’ income and immediate value-add upside from lease-up of current vacancies and mark-to-market opportunities. The Property includes the ground floor retail component of two separate mixed-use retail and senior-oriented housing developments: Atria
and Alma Point at Foster Square.
The Property is ideally tenanted for the trade area. Suites range in size from 846 to 4,737 square feet and the rent roll is mostly comprised of food and service-oriented tenants with minimal risk of tenants downsizing formats.
and Alma Point at Foster Square.
The Property is ideally tenanted for the trade area. Suites range in size from 846 to 4,737 square feet and the rent roll is mostly comprised of food and service-oriented tenants with minimal risk of tenants downsizing formats.
Property Facts
| Price | $20,000,000 | Number of Properties | 2 |
| Price / SF | $709.67 / SF | Individually For Sale | 0 |
| Cap Rate | 7.19% | Total Building Size | 28,182 SF |
| Sale Type | Investment | Total Land Area | 1.25 AC |
| Status | Active |
| Price | $20,000,000 |
| Price / SF | $709.67 / SF |
| Cap Rate | 7.19% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 28,182 SF |
| Total Land Area | 1.25 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1099-1100 Foster Square Ln, Foster City, CA 94404 | Retail | 18,777 SF | 2018 | - |
| 750-780 Alma Ln, Foster City, CA 94404 | Retail | 9,405 SF | 2020 | - |
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