OWNER-USER OPPORTUNITY 1810-1812 EL CAMINO REAL, REDWOOD CITY, CA IN CANNABIS ZONE
BRAD EHIKIAN | Partner JON GOLDMAN | Partner JESSE EBNER | Vice President OFFERING MEMORANDUM dre license #01736391 dre license #01295503 dre license #02055989 650.618.3001 650.618.3003 650.618.3017 [email protected] [email protected] [email protected] CONFIDENTIALITY & DISCLAIMER
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Premier Properties and should not be made available to any other person or entity without the written consent of Premier Properties. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Premier Properties has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however Premier Properties has not verified and will not verify any of the information contained herein, nor has Premier Properties conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. EXECUTIVE SUMMARY
Premier Properties, as the exclusive listing broker, is pleased to present the opportunity to acquire 1810-1812 El Camino Real, Redwood City. This ±3,281 SF mixed-use building offers the excellent opportunity to acquire a building zoned for a retail cannabis use. WIth its high-visibility presence on El Camino Real and convenient location one-half mile from downtown Redwood City, this building would be a prime spot for businesses in a rapidly-growing industry to initiate their brick-and-mortar presence. The parcel is located in the Mixed-Use Corridor - El Camino Real zone (MUC-ECR) and is one of the few in Redwood City where cannabis retail is permitted to operate. Suite 1810 is currently vacant, presenting an immediate owner-user opportunity, while the income from Suite 1812 will help support the building. The residential unit on the second floor will be delivered vacant.
The subject property presents a unique opportunity to acquire an excellently situated building in the highly-coveted zone permitting cannabis retail.
ADDRESS 1810-1812 El Camino Real, Redwood City, California APN 053-122-150 BUILDING SIZE ±3,281 Sq. Ft. PARCEL SIZE ±3,450 Sq. Ft. / ±0.08 Acre ZONING Mixed-Use Corridor - El Camino Real (MUC-ECR) PARKING Three (3) Spaces FLOOR PLAN
1812
1810 LEASE / FINANCIAL INFORMATION
Suite Tenant Rent Square Feet Lease Expiration 1812 People Ready $3.18 NNN ±1,097 Sq. Ft. September 30, 2023 1810 Vacant N/A ±1,116 Sq. Ft. N/A Residential Individual N/A ±1,068 Sq. Ft. MTM - Will be delivered vacant AMENITIES AERIAL
VETERANS BLVD
MAIN ST MAIN ST
EL CAMINO REAL RD WOODSIDE
MAIN ST
1810 El Camino Real TRANSPORTATION AERIAL
San Francisco Downtown San Francisco San Mateo Int. Airport PLANES 92 SJC - 16 miles SFO - 22 miles
Downtown
OAK - 29 miles San Carlos
( TRAINS San Francisco - 1 hr 2 mins VPD: 222,600) Milbrae - 32 mins San Jose - 49 mins Sequoia High School
AUTOMOBILES Sequoia Downtown Station Redwood City San Francisco - 27 miles Downtown San Jose - 29 miles Downtown Oakland - 35 miles EL CAMINO REAL (VPD: 35,200) CAMINO REAL EL
1810 El Camino Real
WOODSIDE ROAD (VPD: 65,100) PARCEL MAP DEMOGRAPHICS
MEDIAN AGE HOUSEHOLDS FAMILIES
13,985 ONE-MILE POPULATION: 42,238 34.2 8,687
AVERAGE HOUSEHOLD INCOME FAMILIES 8,687 $104,362
Average Owner Occupied Renter Occupied Median Median Household Size: 2.95 Housing Units: 3,556 Housing Units 10,429 Household Income $71,490 Household Income $71,490
MAJOR EMPLOYERS:
Data for all businesses in area 1 mile 3 miles 5 miles Total Businesses: 2,224 7,545 14,455 Total Employees: 23,707 78,191 178,727 Total Residential Population: 42,238 128,751 257,370 Employee / Residential Population 56 61 69 Ratio (per 100 Residents) AREA DEMOGRAPHICS
Redwood City, California – The City of Redwood City is a San Francisco Bay Area community located in the heart of Silicon Valley, the technology-rich region extending from the San Francisco Peninsula to the foothills of the Santa Cruz Mountains.
Redwood City is the third largest city in the County of San Mateo, with 85,992 residents. The city enjoys an average of 255 sunny days a year, which it boasts via the city slogan: “Climate Best by Government Test”. Incorporated in 1867, Redwood City is home to the San Mateo County History Museum (located in the county’s old courthouse) and the only active deep water port within the south bay of San Francisco.
The city’s vibrant downtown, quickly becoming known as the entertainment hub of the San Francisco Peninsula, offers residents, visitors, and businesses a unique retail, entertainment, and restaurant experience.
Thir largest city within the County of San Mateo, with 85,992 residents. Redwood City is seated 25 miles south of San Francisco and 27 miles North of San Jose
A Yound City with an Average Commute average resident 23 Minutes age of 37.9
Unemployment Rate : 4.20% Job Growth rate of 1.66% BRAD EHIKIAN | Partner JON GOLDMAN | Partner JESSE EBNER | Vice President dre license #01736391 dre license #01295503 dre license #02055989 650.618.3001 650.618.3003 650.618.3017 [email protected] [email protected] [email protected]