412 El Camino Real Mountain View, CA 94040
- Office buildings
- 720 SF
- 0.19 lot acres
Current Use by Public Records
- Office buildings
Property Details for 412 El Camino Real
- Year built
- 1949
- Construction
- WOOD FRAME
- Lot size
- 0.19 lot acres
- Property size
- 720 SF
- Zone code
- CRA
- Property type
- Office buildings
- APN
- 158-05-117
- APU
- 15805117
Description
This premier 8,426 square foot medical office building in Mountain View, California presents a compelling investment opportunity. Located at 412 W El Camino Real, 94040, this property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $329,243. The building, constructed in 2016, sits on a 0.56-acre lot and includes 21 parking spaces. Currently operating under a Net Lease (NN) agreement with a corporate guarantee from DaVita Healthcare Partners, Inc., and subleased to Satellite Healthcare, the lease has a remaining term of 6.6 years, expiring June 20, 2031. The lease includes 10% rent bumps every five years and offers 2-5 year lease options. The property benefits from a ground lease and is situated in a thriving medical corridor with eight hospitals and clinics within a one-mile radius, ensuring a robust customer base. With high daily traffic counts of 52,500 vehicles on El Camino Real, this property enjoys excellent visibility and accessibility. The affluent surrounding area, with an average household income of $241,276 within a three-mile radius, significantly surpasses the California state average. The property is available as-is with the tenant in place or vacant with a lease buyout option. The APN is 158-05-117. This offering represents a rare chance to acquire a high-performing medical office building in the heart of Silicon Valley. The property's location within a densely populated area (368,211 residents within a five-mile radius and over 10,000 households within one mile) further enhances its investment potential.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mountain View
- County
- Santa Clara
- State
- California
- Longitude
- -122.08
- Latitude
- 37.384
- CBSA code
- 41940
- CBSA name
- SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
