The Well at Sunset
Retail Leased Investment Condominium Unit | 5.22% CAP | 2,188 SqFt
Marketing description
Leased investment unit located on the northwestern corner of Building G and currently leased to AJ Bikes Sales & Repairs. Building Signage above the entrance of each unit is allowed for every unit within the project. Every unit is separately metered for PG&E with 200 amps of total power. Water is sub-metered for each unit and trash is included in the HOA dues which are equal to approximately $.56/sf/month.
Rare commercial investment sale opportunity. 5-year lease term through 3/31/29, true NNN lease, personal guaranty on lease. Please contact Brokers for additional information on the lease.
The Well at Sunset is a newly renovated project as of 2020. Each building was brought down to the studs/foundations and built back up with a brand new roof, siding, windows, electrical, etc. The four buildings on the northern end of the project were sold to a senior housing developer who has plans to construct a new senior housing development in the near future. The remaining 6 buildings on the south end of the project were renovated to be a new retail, medical, and office complex to serve the local community. Most retail, medical, and office uses are permitted in this zoning district. Tesla superchargers are onsite in front of Building A. Some outdoor patio areas are placed at key locations around the project. There is a 3.5 acre landscaped buffer zone between this project and the surrounding homes which will eventually be updated to include walking paths and benches once the senior housing development is finished.
Investment highlights
- Highly visible freestanding single-story retail, office, medical buildings
- Completely renovated in 2021
- New restaurants opened summer 2022
- New landscape and ADA compliant common areas
- Affluent neighborhood with easy access from Silicon Valley and San Francisco metros
- Medical, Office, & Retail Suites Perfect for Owner-Occupancy and/or Leased Investment Sales
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