Rare Mixed-Use Investment Opportunity
71 East 3rd Avenue, San Mateo, CA 94401
Marketing description
SVN | Capital West Partners, as exclusive advisor, is pleased to present 71 East 3rd Avenue, a trophy mixed-use retail and office property located in the heart of downtown San Mateo, California. The property is 100% leased, providing stable in-place cash flow with minimal landlord responsibilities. Below-market rents offer a compelling mark-to-market opportunity. The second-floor office space also offers potential flexibility for future owner-occupants, allowing buyers to benefit from existing income while occupying the space in the near term. Ideally positioned along a highly trafficked retail corridor and supported by strong surrounding demographics, this offering represents a rare opportunity to acquire a well-located asset with both stable income and meaningful upside in a premier Bay Area submarket.
Investment highlights
- 100% Leased Investment - Stable in-place cash flow with minimal landlord responsibilities
- Significant Mark-to-Market Opportunity - Current rents below market provide meaningful upside upon lease rollover
- Future Owner-User Flexibility - Second-floor office space offers potential occupancy in the near term
- Trophy Downtown San Mateo Location - Positioned along a highly trafficked retail corridor in a premier Bay Area submarket
- Strong Tenant Mix - Diverse blend of established retail operators and venture-backed office tenant
- Attractive Demographics - Affluent, densely populated trade area supporting long-term tenant demand
- Historic & Iconic Asset - Former 1st headquarters of YouTube, offering a unique identity and pride of ownership
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