2107 Broadway Redwood City, CA 94063

This exceptional Class A, Core+ investment opportunity presents the Shops on Broadway, a 144,772 square foot mixed-use retail and entertainment complex situated in Redwood City's thriving downtown core. Built in 2006 on a 2.26-acre lot (APN: 052-366-120 and 052-366-130 (NAP)), this two-story building (plus two levels of subterranean parking) boasts a 97.5% occupancy rate, with a projected occupancy date of January 1, 2025. The property benefits from a CBR (Central Business Retail) zoning designation and is anchored by a state-of-the-art 20-screen Cinemark Century Theaters. A diverse tenant mix includes successful restaurants, a fitness center, and a new museum, creating a synergistic draw for the entire mid-Peninsula community. The property's irreplaceable Silicon Valley location and strong tenant base, coupled with below-market rents and built-in growth through contractual rent increases, offer significant upside potential. Redwood City's substantial recent development activity in office, life science, residential, and transportation sectors has fueled increased daytime and 24-hour populations, creating consistent demand for the property's offerings. This presents a superior risk-adjusted yield with a projected 10-year CAGR of 5.00% and significant barriers to new competition. The property is financeable.