1129 Capuchino Ave
Burlingame, CA 94010
Sq. Feet 6,750
990 Laurel Street offers an investor a unique opportunity to own a true "pride of ownership" investment property in highly desirable San Carlos, California.
The subject property contains 5,550 square feet of gross leasable area (GLA) and is situated on a half acre lot right in the heart of Downtown San Carlos. There are currently four dentist tenants occupying this space, two of which are on gross lease, and the other two on triple net. The property is is located on the corner of Laurel Street and Morse Boulevard and benefits from high visibility as well as high volume of foot traffic on a daily basis.
The city of San Carlos has recently proposed two major development projects within close proximity to the subject property. These potential multi-use developments would further enhance the appeal of downtown San Carlos businesses in the near future.
Cap Rate: 5.41% NOI: $185,344 Livable Sq. Ft: 5,550
Built in 1969 4 Office units Lot Sq. Ft: 20,854