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15 37Th Ave San Mateo, CA 94403

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For Sale
$2,100,000

Retail space leased to national veterinary network near El Camino.

Property size:
3,238 SF

Property Features for 15 37Th Ave

General Information

Standard status
Active
Size
3,238 SF

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Listing Contact
Marshall Hydorn
Marshall Hydorn
Source: Cbre

Listing Agency: CBRE | Oakland Listing Agent: Marshall Hydorn

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

San Mateo Retail Investment Opportunity

This modified net investment opportunity features a retail space currently occupied by an animal hospital. The owner is responsible for the roof membrane, exterior walls, load bearing walls, foundation, and other structural elements of the property. The property is located on a corner parcel one block from El Camino Real in the desirable Hillsdale area of San Mateo. It is suitable for investors seeking a property with a strong tenant and a long-term lease. The tenant is a national veterinary network with over 450 hospitals. The location offers excellent access and is minutes away from the Hillsdale Caltrain station. The current rent is $9,656 per month with 3% annual increases. The lease expiration date is January 2032, with two 5-year options at fair market rent. The zoning is C1 - Neighborhood Commercial. The property size is 3238 square feet.
Location Intelligence

Current Use by Public Records

South Hillsdale Animal ... Veterinary Clinic Commerce, Same Day ... Hardware & Home Improvement South Hillsdale Animal ... Veterinary Clinic Paul Lunsman - South ... Veterinary Clinic South Hillsdale Animal ... Veterinary Clinic

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
San Mateo
County
San Mateo
State
California
Longitude
-122.294656
Latitude
37.534372

FAQs

What type of property is this?
Retail space - Retail space leased to national veterinary network near El Camino.
Where is this retail space located?
The property is located at 15 37Th Ave San Mateo, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: - Long-term lease in place until January 2032, with two 5-year options; - Located one block from El Camino Real in the desirable Hillsdale area of San Mateo; - Tenant is a national veterinary network with over 450 hospitals
More about this property
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