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28277842
32677721

987 Laurel Street, San Carlos, CA 94070

AK
CA 01718732
Compass California
Listed by Compass California
$1,850,000
206 days on market
Updated 24 days ago

Vet Medical Office, Retail, School, Development Sale/Lease.

Details
APN 051-358-020
Property Type Mixed Use, Multifamily (+2)
Sub Type Medical Office, Restaurant (+1)
Square Footage 1,185
Cap Rate 5%
NOI $92,430
Occupancy 100%
Tenancy Single
Brand/Tenant sage
Lease Type NNN
Lease Expiration 12/31/2026
Remaining Term 0.6
Pro-Forma Cap Rate 4.96%
Pro-Forma NOI $91,670
Price per SqFt $1,561
Broker Co-Op Yes
Class B
Stories 1
Lot Size (SqFt) 3,071
Zoning MU-N-50: Neighborhood Mix
Parking Spaces 3 spaces
Parking Per SqFt 2.53
Investment Type Value Add
Occupancy Date 01/01/2027
Ground Lease No

Leased investment, with mixed use development potential.

Marketing description

For Lease or Sale.

Check out the video tour! https://www.dropbox.com/scl/fi/smyzgfq72c8bzugguryco/IMG_2803.MOV?rlkey=9rpwew4nk9apr6wefruhtbbam&st=ksntguo1&dl=0

Turn-Key Veterinarian Medical Office. Lease income through 12/31/2026. 1,185 sf space available by 5/1/2026.

Vibrant, highly visible signage.

Walking distance to Caltrain, El Camino Bus Lines. Convenient location with easy street parking and private parking in back.

The building is equipped with lines for compressed air and oxygen with quick-connect drop down oxygen ports at 3 treatment spaces, compressed air connections at 2 if the treatment spaces. air compressor will stay in place. anesthetic gas scavenging system in place.

Permissible uses: Multi unit residential, family childcare small and large, Residential care - limited, community assembly(minor use permit), cultural (MUP), day care, instructional, schools (CUP), social service (CUP), pet grooming(*5), bank and financial services (mup), business services (9*), restaurant (cup), convenience store (cup), food prep, business and professional office, medical office (9*), personal service. Please speak with a city planner and an architect to confirm whether your use is permissible.

Investment highlights

Listing Contacts

AK
CA 01718732
Compass California
Listed by Compass California

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$92,430.00
$7,702.50/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Alexander Kent
License
01718732
Brokerage
Compass
Brokerage Phone
6507930541
Title
Broker Associate
Brokerage Address
578 University Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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