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20508342
20508343

412 W El Camino Real, Mountain View, CA 94040

IS
CA 01497897
CBRE - Orange County
ML
CA 01984445
CBRE - Orange County
Listed by CBRE - Orange County
$4,704,500
587 days on market
Updated 76 days ago

Owner/User/Investor Premier Medical Office

Details
APN 158-05-117
Property Type Office, Retail
Sub Type Medical Office
Square Footage 8,426
Cap Rate 7%
NOI $329,243
Lease Type NN
Lease Expiration 06/20/2031
Remaining Term 5
Rent Bumps Yes
Lease Options 2 - 5 year options
Year Built 2016
Acreage 0.560
Parking Spaces 21 spaces
Parking Per SqFt 2.49
Investment Type Net Lease
Ground Lease Yes

Office | 7.00% CAP | 8,426 SF

Investment highlights

Owner/User/Investor premier medical office available in Silicon Valley. Property can be delivered as-is with tenant in place or vacant with lease buyout opportunity.

The lease is corporately guaranteed by DaVita Healthcare Partners, Inc., and subleased to Satellite Healthcare.

There are six (6.7) years remaining on the lease term, with 10% rental increases every five (5) years.

The leasehold lease structure is double net (NN), with minimal landlord responsibilities. See page 9 for details.

There are 368,211 residents located in the five (5) mile demographic ring, and over 10,000 households in the one (1) mile demographic ring.

The average household income in the three (3) mile demographic ring is an affluent $241,276, which is far higher than the California state average of $113,468.

The subject property has strong frontage on El Camino Real, which reports high traffic counts of 52,500 cars per day.

The subject property is located in a medical corridor with eight (8) hospitals, medical centers, and clinics within one (1) mile, implying a strong, built-in customer base.

Mountain View is renowned for being the headquarters of several high-profile technology companies, including Google, which occupies a large portion of the city. Many other prominent tech firms have a presence in the area, contributing to a vibrant entrepreneurial ecosystem.

Listing Contacts

IS
CA 01497897
CBRE - Orange County
ML
CA 01984445
CBRE - Orange County
Listed by CBRE - Orange County

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$329,243.00
$27,436.92/mo

Valuation Metrics

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DSCR
7%
Cap Rate
7%
ROI

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