667-669 Crespi Dr - Medical FOR SALE


Pacifica, CA 94044- Linda Mar
$3,400,000 USD
650-483-8949
667-669 Crespi Dr, Pacifica, CA for Sale
$3,400,000 USD
Medical - FOR SALE
1/62
null | 2.61% Cap Rate

NEW


667-669 Crespi Dr
Pacifica, CA 94044
Linda Mar


HIGHLIGHTS

  • ±7,184 SF office/medical building on 16,310 SF lot
  • 14 suites | 9 tenants | 3 vacancies for lease-up upside
  • Established medical & professional tenant base
  • Steps from Linda Mar Beach & the Safeway Shopping Center
  • Easy access to Hwy-1 | Short commute to SF, SFO, & Silicon Valley
  • Rare coastal commercial asset with consistent long-term demand

OVERVIEW

Multi-Tenant medical and professional office building, in the heart of Pacifica's Linda Mar district. This investment opportunity, offers 7,184 sqft of gross leasable area on a 16,310 sqft lot, featuring 14 suites with 9 established tenants and 3 vacant units offering immediate upside potential. Tenancy is comprised of medical professionals, dentists, podiatrists, wellness providers, and other professionals, creating a stable and synergistic tenant mix. The property's flexible suite layout and zoning allow for continued multi-tenant operation or conversion to an owner-user headquarters with additional income from surrounding suites. With rents below market and vacancy upside, this asset presents a compelling value-add or owner-user investment along one of the most sought-after stretches of the Northern California coast. Located just off Hwy 1, the property benefits from excellent visibility and accessibility within walking distance to Linda Mar Beach, Safeway Shopping Center, and a vibrant mix of local anchor businesses including McDonald's, Starbucks, Chase Bank, and Ross. This highly desirable corridor along the San Mateo County Coast offers limited supply and consistent demand from professional and medical tenants seeking proximity to both San Francisco and the Mid-Peninsula.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$398 USD /SF

CAP RATE

2.61%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Cabrillo Medical/Dental

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

C1

APN/PARCEL ID

022-242-050

ASK ABOUT THIS PROPERTY

Matt AragoniColdwell Banker Commercial RealtyMore Info
650-483-8949

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

Matt AragoniColdwell Banker Commercial RealtyMore Info
650-483-8949

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