2103-2127 El Camino Real - Storefront FOR SALE


Palo Alto, CA 94306- Evergreen Park
$3,599,000 USD
408-966-5919
2103-2127 El Camino Real, Palo Alto, CA for Sale
$3,599,000 USD
Storefront - FOR SALE
1/19
null | Request Cap Rate

2103-2127 El Camino Real
Palo Alto, CA 94306
Evergreen Park


HIGHLIGHTS

  • Rare 5,706 SF 6 Unit Retail Strip Center For Sale
  • Large 11,537 SF Corner Lot with Ample Parking
  • 100% Leased - Value Add Opportunity - Below Market Gross Leases
  • Easy to Release Units Ranging from 560 SF - 875 SF
  • Tenants Includes - Odori Sushi, College Bike Shop, Designers Tailoring, Flames Smoke Shop & Fast Phone Repairs
  • Opportunity to Acquire a Prominent Building in Palo Alto Minutes from Stanford University - 0.50 Miles from Page Mill Road.

OVERVIEW

- 5,706 SF Freestanding Retail Strip Center on El Camino Real in Palo Alto on a 11,537 SF Corner Lot. - Value Add Opportunity – Rents are Well Below Market and Can be Converted to NNN Leases, Lease Expirations Range from 2027 – 2034. - 100% Leased - 6 Unit Strip Center. - Tenants Include Odori Sushi Who has 3 Units, Flames Smoke Shop, Designers Tailoring, College Bike Shop, and Fast Phone Repairs. - Small Very Easy to Lease Units that Range from 560 SF – 875 SF. - Located on the Corner of El Camino Real and Oxford Avenue in Palo Alto. - 1 Block from College Avenue and 2 Blocks from Cambridge Avenue. - Opportunity to Acquire a Prominent Building in Palo Alto Minutes from Stanford University. - 0.5 Miles from Page Mill Road.

FOR SALE DETAILS

PRICE

$3,599,000 USD

PRICE/SF

$631 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare Value-Add 5,706 SF 6 Unit Strip Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,537 SF

ZONING

CN

APN/PARCEL ID

124-31-059

ASK ABOUT THIS PROPERTY

David TaxinMeacham OppenheimerMore Info
408-966-5919

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David TaxinMeacham OppenheimerMore Info
408-966-5919

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.