LEASED INVESTMENT TO SAGE VETS WITH DEVELOPMENT UPSIDE.
For Lease or Sale, both subject to review of prospect's financial statements.
MU-N-50: Neighborhood Mix: retail, commercial, and office uses, as well as residential development of up to fifty (50) units per net acre.
Permissible uses: Multi unit residential, family childcare small and large, Residential care - limited, community assembly(minor use permit), cultural (MUP), day care, instructional, schools (CUP), social service (CUP), pet grooming(*5), bank and financial services (mup), business services (9*), restaurant (cup), convenience store (cup), food prep, business and professional office, medical office (9*), personal service. Please speak with a city planner and an architect to confirm whether your use is permissible.
Please do not disturb existing tenant. 48-hour advance notice to tenant required, conducted through listing broker, to tour any portion of the property.
Sage tenant's lease expires 12/31/2026. While they have options to renew, we project that the tenant won't renew and may vacate as early as Summer 2026.
Post Sale NOI= $91,670.06. Approx. 5.1% cap rate at $1,800,000.
$6.50/sf NNN plus $1.83/sf CAMs x 1,185 sf.
Call Alexander Kent for more information. 650-793-0541.