The properties are located at the entrance to the buzzing downtown scene along Laurel Street packed with an eclectic blend of regional businesses and national brands. The properties have a “Walk Score of 93 out of 100, making it a Walkers Paradise”. The City of San Carlos is going through a “rebirth” with the adoption of the Downtown Streetscape Master Plan and Transportation Demand Management Plan part of which is expected to break ground November 2025. Other area developments include the largest publicly traded Life Science Real Estate Investment Trust, Alexandria Equities. Alexandria Equities recently developed a half-million square foot biotechnology “Mega Campus” at the “Eastside Innovation District” in 2021. Significant large-block leases have been signed which will bring more energy, enthusiasm, and demand for area amenities. The area and properties are “ripe” with adaptive reuse opportunities. This is the projected NOI for the 5.5% Cap Rate above. The properties offer fully (100%) leased in place stabilized income delivering investors flexibility and leverage to achieve maximum value for the assets. The properties have been appraised by California Certified General Appraisal. Desired sales terms include as-is all cash offers for the "bulk" portfolio offering but may consider separate individual sales.