2488 JUNIPERO SERRA DALY CITY
KEVIN PHILLIPS +1 650 398 0293 [email protected] 2488 JUNIPERO SERRA BLVD BRE #01470917 DALY CITY CALIFORNIA CHRIS GIOTINIS +1 650 398 0292 SINGLE TENANT OFFICE PROPERTY FOR SALE [email protected] BRE #01962295 | 1 2488 JUNIPERO SERRA DALY CITY
IMPORTANT INFORMATION
The information contained in the following marketing package has been given to us by the owner of the property, or obtained through sources we deem reliable. While we have no reason to doubt it’s accuracy, SC Properties does not guarantee it.
Verification of the enclosed information should be conducted by a thorough inspection of the property along with a review of all source documents in possession of the seller during the due diligence period. This marketing package has been produced to provide summary information in order to establish a preliminary level of interest in the subject property.
SC Properties strongly advises any potential purchaser to consult with a Tax Advisor and/or Legal Counsel prior to acquiring the property. Any potential purchaser is also strongly advised to confirm lot and building square footage prior to purchase and should not rely upon the square footage supplied in this marketing package. Upon entering into a contract to purchase the subject property, we recommend the Buyer hire licensed professionals to perform physical inspections on the property.
| 2 2488 JUNIPERO SERRA DALY CITY
THE OFFERING
SC Properties is pleased to exclusively offer for sale 2488 Junipero Serra Blvd providing investors the unique opportunity to purchase a single-tenant office property in Daly City, California. The property is currently occupied by Intero Real Estate with a lease through 2021. The property is a few short blocks to the Daly City BART station, Serramonte Shopping Center and Westlake Shopping Center, 10 miles to Downtown San Francisco, and 10 miles to SFO.
| 3 2488 JUNIPERO SERRA DALY CITY
PROPERTY SUMMARY
Property Address 2488 Junipero Serra Blvd, Daly City, CA
Asking Price $1,795,000
CAP Rate 3.78%
Price/SF $413
Current Tenant Intero Real Estate
4,345 SF Ground Floor; Building Square Feet 550 SF Bonus Mezzanine; 4,345 SF Parking Garage
Lot Square Feet 5,002 SF
APN 006-206-180
Current Use Office
Zoning C-RO - Retail and Office
Individual gas, electric and water meters Utilities 400 Amp electric service
Parking Secure Garage, 10 spaces
Roof Type Torch Down, Composition
A/C 3 Roof-top Units
Construction Concrete Cinder Block
Foundation Concrete Perimeter and Slab | 4 2488 JUNIPERO SERRA DALY CITY
TENANT INFORMATION
Established in 2002 by founders Gino Blefari, John Thompson, Tom Tognoli, Jerry Kiss, Brian Crane, Terry Meyer and Kevin Moles, Intero Real Estate Services is one of the leading real estate companies in the nation with more than 1400 agents in 32 offices serving California and Arizona. Intero helps customers in buying and selling homes; guides for home loans; and assists individuals and businesses with relocation services. The company is based in Cupertino, California, and has offices in California, Texas, Nevada, Alabama, Tennessee, and Arizona. Intero Real Estate Services, Inc. operates as a subsidiary of Intero Real Estate Holdings, Inc. www.interorealestate.com
Intero has a first right of refusal to purchase, and has seven days from receipt of a ratified offer to respond.
FINANCIAL OVERVIEW
Current Monthly Lease Rate $7,856.37 ($1.81/SF/Mo.)
Rent Increases Annual, CPI
Property taxes and insurance paid by Owner. All utilities, Expense Allocation landscape, roof and HVAC maintainance paid by tenant.
Lease Expiration Date 12/31/2021
Options to Extend 0
Current CAP Rate 3.78%
| 5 1024 10TH AVENUE REDWOOD CITY
PROPERTY PHOTOS
| 6 2488 JUNIPERO SERRA DALY CITY
PARCEL MAP
| 7 2488 JUNIPERO SERRA DALY CITY
2488 J UNIPERO S ERRA B OULEVARD D A LY C ITY, C A 94015
SITE PLAN
21' 5'
Driveway Garage 26' (Below Main Building)
Dn
12' 9' Main Building
Planter 90th St
Up Dn
Ramp Walk-way Up 6' Planter Dn 7'
Junipero Serra Blvd SITE PLAN
N
Rendering by Floor Plan Visuals, www.fpvisuals.com All measurements are approximate. While deemed reliable, no information on these floor plans should be relied upon without independent verification. | 8 31' 9' 9' 9' 4' 20'
5'
11' Office Open Office 12'
14' Restroom Restroom
22' 6' Office
19'
Up
4'
8' 38' 5' 4' 9' 5' 19' Storage Mech Dn
6'
14' Room Office 8' 2' 13'
8'
8' 9' Office Kitchen 6'
13' 12' 5'
Open Office 5'
32' 8' Restroom
17'
5'
Dn 7' 2488 JUNIPERO SERRA DALY CITY
22' Reception Conference Room 18'
31' 9' 9' 9' 4' 20' Office 14'
9' Office
5' Office
7'
11' 11' Office 33' Open Office 12' 9' 10' 15' 14'
14' Dn Restroom Restroom
22' 6' Office 19' Ramp FLOOR Up PLANS Up Dn
4'
8' 38' 5' 4' 9' 5' 19' 31' Storage MAIN LEVEL 9' 9' 9' 4' 20' Mech Dn
6' 14' Dn 4,345 SQ FT Room Office 8' 2' 13'
5'
8'
11' Office
12' Open Office 8'
9' 14' Office Kitchen Restroom Restroom 6'
13' 22' Estimated6' Total Square Footage:Office 9,240 SQ FT
19' 12' 5' Calculated from outside face of exterior walls. Up
Open Office Storage 5'
24'
32'
4' 8' Restroom
17'
8'
5'
Dn 7' 38' 5' 4' 9' 5' 19' Storage N Dn Mech 22'
6'
14' Room Office 8' 2' 13' Reception Conference
18' 8' Room MEZZANINE LEVEL
Office 14'
8' 19'
9'
9' Office Kitchen 550 SQ FT OfficeOffice 7' 6'
13' 12' 5' 11' 33' 9' 10' 15' 14' Dn
Open Office 5'
32' 8' Restroom 17' Up
5' Ramp
Dn 7' Up Dn
22' Reception Conference Room 18' MAIN LEVEL
Office 14' 4,345 SQ FT 9' Office Dn Office
7' 11' 33' 9' 10' 15' 14' Dn Garage Estimated Total Square Footage: 9,240 SQ FT Ramp Calculated from outside face of exterior walls. Up Dn Storage
24'
47' 8' 84'
N Storage 6' MAIN LEVEL Dn 4,345 SQ FT
19' MEZZANINE LEVEL 550 SQ FT Estimated Total Square Footage: 9,240 SQ FT
Calculated from outside face of exterior walls. 15' Storage
24' 93' Up N LOWER LEVEL 19' MEZZANINE LEVEL 550 SQ FT 4,345 SQ FT
Rendering by Floor Plan Visuals, www.fpvisuals.com All measurements are approximate. While deemed reliable,Garage no information on these floor plans should be relied upon without independent verification.
Up
47' 8' 84'
Storage 6'
Garage
15'
47' 8' 84' 93'
Storage 6'
LOWER LEVEL 4,345 SQ FT
Rendering by Floor Plan Visuals, www.fpvisuals.com
15' All measurements are approximate. While deemed reliable, no information | 9 on these floor plans should be relied upon without independent verification. 93'
LOWER LEVEL 4,345 SQ FT
Rendering by Floor Plan Visuals, www.fpvisuals.com All measurements are approximate. While deemed reliable, no information on these floor plans should be relied upon without independent verification. 2488 JUNIPERO SERRA DALY CITY
SALE COMPS
BUILDING LAND YEAR CAP ADDRESS SALE PRICE $ / SF BUILDING $ / SF LAND SALE DATE PROPERTY SF SF BUILT RATE 6760 Mission St, Mixed use property - 2,000 6,720 $1,125,000.00 $562.50 $167.41 3.88% 4/10/2018 Daly City, CA office/residential 6175 Mission St, Mixed use property - 3,582 3,049 $1,570,000.00 $438.30 $514.92 1952 4/4/2018 Daly City, CA office/retail 119 Park Blvd, 1,100 5,227 $1,267,500.00 $1,152.27 $242.49 1945 7/16/2018 Single tenant office property Millbrae, CA 212-214 Miller Ave, Multi-tenant office property, 5,457 7,145 $2,500,000.00 $458.13 $349.90 2/4/2019 S. San Francisco, CA development 300-340 Eureka Sq, Multi-tenant office property, 5,400 13,939 $2,300,000.00 $425.93 $165.00 1962 4.70% 4/16/2019 Pacifica, CA buyer to occupy 2311 Taraval St, Single tenant - Occupied by 4,800 8,250 $2,600,000.00 $541.67 $315.15 1950 6/27/2018 San Francisco, CA CAL Insurance
| 10 2488 JUNIPERO SERRA DALY CITY
AREA OVERVIEW
DALY CITY, CALIFORNIA Located in San Mateo County immediately south of San Francisco, Daly City is a beautiful, coastal community boasting a diversified local economy, a growing young labor force, and a diverse array of nearby amenities. Known as the “Gateway to the Peninsula”, Daly City has become a regional hub for retail, healthcare and small business. The city’s central location and vast offering of cultural attractions and outdoor activities make Daly City a wonderful place to live and work.
DEMOGRAPHICS Quick Facts Size: 7.6 square miles Population: 107,074 Estimated Median Age: 39 Median Household Income: $86,342 Median Property Value: $651,600 Estimated Households: 31,318
Daly City is bordered by the cities of San Francisco, Brisbane, Pacifica and South San Francisco - some of the most affulent cities along the San Francisco Peninsula and in Silicon Valley. The quality of life characteristics found in Silicon Valley are difficult to find anywhere in the world. A diverse cultural environment welcomes residents from all over the world and provides a rich cross section of cultures. The city offers residents a safe and family-friendly environment, beautiful residential areas and a charming community.
| 11 2488 JUNIPERO SERRA DALY CITY
KEVIN PHILLIPS +1 650 398 0293 [email protected] BRE #01470917
CHRIS GIOTINIS +1 650 398 0292 [email protected] BRE #01962295
| 12