San Mateo plaza is anchored by Mattress Discounters and Fitness 19. Approximately 58% of the current GLA is leased to national and regional retailers. Constructed in 1984, San Mateo Plaza has an excellent tenant mix. San Mateo Plaza is currently 73% occupied. For more information, please complete the information request form

San Mateo Plaza is a neighborhood shopping center consisting of a total current gross leasable area (GLA) of 28,927 square feet and is occupied by regional and national retailers.

• Land Area: 1.69 acres (73,600 square feet)
• Asking Price: $ 12,900,000
• Stabilized NOI (2007-2008): $ 799,326
• Capitalization Rate (100% occupied): 6.20%
• Net Rentable Sq.Ft.: 28,927
• Price/ Net Rentable Sq.Ft: $ 445.95

San Mateo plaza is anchored by Mattress Discounters and Fitness 19. Approximately 58% of the current GLA is leased to national and regional retailers. Constructed in 1984, San Mateo Plaza has an excellent tenant mix. San Mateo Plaza is currently 73% occupied.

Investment Strengths:

• Fee ownership of property.
• High identity location along S. El Camino Real and within approximately two blocks south of Hillsdale Shopping Center, a 1,300,000 square foot regional mall anchored by Nordstrom, Macy’s, Sears, Barnes & Noble, Gap and various other national retailers.
• Major arterial location with demographics showing a population in excess of 224,000 people within a five (5) mile radius and average household incomes exceeding $100,000 per year.
• Excellent access to Highways 92 and Interstate 101.
• In excess of 200 feet of lineal frontage on S. El Camino Real.
• Immediately adjacent to proposed Bay Meadows Phase II redevelopment project.
• Attractive Assumable Financing; $9,428,150 at 5.43%.

San Mateo Plaza Location

The subject’s neighborhood is primarily commercial in use along El Camino, with residential neighborhoods west of El Camino. The immediate area surrounding the subject is a combination of
freestanding retail buildings of various ages, construction, and condition, with regional, strip, and neighborhood centers, and office uses. East of the subject is the Bay Meadows Race Track and golf course. Approximately two blocks south of the subject is the Hillsdale Shopping Center. This is a regional center which contains over 1,300,000 square feet of space and is currently anchored by Sears, Nordstrom’s and Macy’s department stores. Directly west of the subject are various freestanding retail
properties and small vacant commercial sites. Further west is a residential neighborhood comprised of single-family and multifamily uses. North along El Camino is the downtown area of the City of San Mateo.

For more information, please complete the information request form.

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Please note that all prices, building costs, interest rates, appreciation rates and terms are subject to change without notice. NREI Club is not responsible for losses, damages, or changes in the market conditions. Investors are urged to perform their own due diligence investigations before entering into any real estate transaction, or other contractual relationship, and prior to making a purchase decision.