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2450 Cabrillo Hwy S 14,932 SF 100% Leased Office Building Half Moon Bay, CA 94019 $4,931,808 CAD ($330.28 CAD/SF) 6.73% Cap Rate
Investment Highlights
- A Distinctive Alternative to Conventional Peninsula Office Locations: Coastal location with access to the Peninsula & Silicon Valley employment base.
- High Volume of Street Exposure: Approximately 11,958 daily vehicles, according to TrafficMetrix.
- Four Flexible Office Suites: Existing vacancy offers immediate lease-up opportunity.
- Significantly Below Replacement Cost at $265/SF: Prime Bay Area Location - Half Moon Bay is 28 miles south of San Francisco & 40 miles from San Jose.
- Prime Coastal San Mateo County Location: Located 28 miles south of San Francisco and 40 miles northwest of San Jose.
Executive Summary
2450 Cabrillo Hwy S is an exceptional office investment opportunity located in the thriving city of Half Moon Bay, California.
Situated on a 36,743 square foot parcel of land, the subject property was originally constructed in 2002 and features a gross building area of approximately 14,932 square feet offering four beautifully designed large office suites.
2450 Cabrillo Hwy S represents a stunning office asset featuring modern interior finishes, multiple conference rooms, private offices, reception spaces, kitchenette, copy room, on-site parking and elevator access. Businesses located at the subject property have a strong street presence located just off of the Pacific Coast Highway which hosts a daily vehicle average of 11,958, according to TrafficMetrix.
Half Moon Bay is a beautiful city located along the Pacific Coast and features forested hills, sunny beaches, and plenty of hiking trails. As the westernmost city in San Mateo County, the city is a scenic getaway established 28 miles south of San Francisco and 40 miles from San Jose. The investment appeal of this asset is driven by Half Moon Bay's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 2450 Cabrillo Hwy S presents an attractive choice for peninsula tenants due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Situated on a 36,743 square foot parcel of land, the subject property was originally constructed in 2002 and features a gross building area of approximately 14,932 square feet offering four beautifully designed large office suites.
2450 Cabrillo Hwy S represents a stunning office asset featuring modern interior finishes, multiple conference rooms, private offices, reception spaces, kitchenette, copy room, on-site parking and elevator access. Businesses located at the subject property have a strong street presence located just off of the Pacific Coast Highway which hosts a daily vehicle average of 11,958, according to TrafficMetrix.
Half Moon Bay is a beautiful city located along the Pacific Coast and features forested hills, sunny beaches, and plenty of hiking trails. As the westernmost city in San Mateo County, the city is a scenic getaway established 28 miles south of San Francisco and 40 miles from San Jose. The investment appeal of this asset is driven by Half Moon Bay's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of San Francisco's Bay Area, 2450 Cabrillo Hwy S presents an attractive choice for peninsula tenants due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
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Property Facts
Sale Type
Investment
Property Type
Building Size
14,932 SF
Building Class
B
Year Built
2002
Price
$4,931,808 CAD
Price Per SF
$330.28 CAD
Cap Rate
6.73%
NOI
$332,148 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,466 SF
Building FAR
0.41
Lot Size
0.84 AC
Zoning
Commercial PUD
Parking
55 Spaces (3.68 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Security System
- Air Conditioning
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 066-092-800 | Improvements Assessment | $1,486,682 CAD |
| Land Assessment | $3,501,239 CAD | Total Assessment | $4,987,922 CAD |
Property Taxes
Parcel Number
066-092-800
Land Assessment
$3,501,239 CAD
Improvements Assessment
$1,486,682 CAD
Total Assessment
$4,987,922 CAD
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2450 Cabrillo Hwy S
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