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993 Laurel St 17,853 SF 18% Leased 4-Star Office Building San Carlos, CA 94070 For Sale
INVESTMENT HIGHLIGHTS
- 993 Laurel Street has 1,238 SF of versatile ground-floor retail and a total of 16,748 SF of Class A office across the second and third floors.
- Newly constructed complex with an on-site parking garage, EV parking, floor-to-ceiling windows, outdoor terraces, and a prominent corner identity.
- 10-minute walk to the San Carlos Caltrain station with ample on-site and off-site parking solutions and seamless commuter access to the Bay Area.
- Centrally located in Downtown San Carlos, home to many exceptional dining, shopping, banking, grocery, and professional service amenities.
EXECUTIVE SUMMARY
993 Laurel Street is a newly constructed three-story building in San Carlos, California, with 8,000 square feet of office space on the second and third floors and 1,238 square feet of ground-floor retail. The Class A office availabilities are in a warm-shell condition with highly finished bathroom cores and ready for private offices, conference rooms, and kitchens to be constructed to a tenant's desired configuration.
When walking into the stunning mixed-use building, tenants will be greeted by floor-to-ceiling windows and usable outdoor balconies to gather with colleagues and enjoy the beautiful weather and scenery. Embracing the Downtown Laurel Street location, this prominent property offers on-site garage parking with 32 parking stalls, including 24 spaces in the parking lift system, five EV parking spots, and three ADA-designated stalls. 993 Laurel Street is a 10-minute walk from the San Carlos Caltrain, and its parking structure sits across the street, offering approximately 300 public parking stalls available for $5 a day.
This stunning building offers all the benefits of being downtown. Many nearby amenities are within walking distance of the complex, including Peet's Coffee, Chase Bank, CVS, Blue Line Pizza, Trader Joe's, Nothing Bundt Cakes, and Rustic House Oyster Bar. The San Carlos Caltrain station is routed southbound to San Francisco and southbound to San Jose. Tenants have convenient commutes to and from the property via the El Camino Real, Highway 101, and Interstate 280.
When walking into the stunning mixed-use building, tenants will be greeted by floor-to-ceiling windows and usable outdoor balconies to gather with colleagues and enjoy the beautiful weather and scenery. Embracing the Downtown Laurel Street location, this prominent property offers on-site garage parking with 32 parking stalls, including 24 spaces in the parking lift system, five EV parking spots, and three ADA-designated stalls. 993 Laurel Street is a 10-minute walk from the San Carlos Caltrain, and its parking structure sits across the street, offering approximately 300 public parking stalls available for $5 a day.
This stunning building offers all the benefits of being downtown. Many nearby amenities are within walking distance of the complex, including Peet's Coffee, Chase Bank, CVS, Blue Line Pizza, Trader Joe's, Nothing Bundt Cakes, and Rustic House Oyster Bar. The San Carlos Caltrain station is routed southbound to San Francisco and southbound to San Jose. Tenants have convenient commutes to and from the property via the El Camino Real, Highway 101, and Interstate 280.
SALE FLYER
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
17,853 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2024
Percent Leased
18%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,951 SF
Building FAR
2.05
Lot Size
0.20 AC
Zoning
MU-N-50 - Neighborhood Mixed-Use, Residential Up To 50 Units
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
This unit comprises 1,238 square feet of first-floor retail.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 1,128 SF | Retail | Full Build-Out | Now |
| 2nd Floor | 5,195 SF | Office | Full Build-Out | Now |
| 3rd Floor | 8,338 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 1,128 SF |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 5,195 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 8,338 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,128 SF |
| Space Use | Retail |
| Condition | Full Build-Out |
| Available | Now |
This unit comprises 1,238 square feet of first-floor retail.
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
2nd Floor
| Size | 5,195 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3rd Floor
| Size | 8,338 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (74)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
18,079
139,045
273,829
2024 Population
17,408
132,933
262,005
Population Growth '20-'24
-3.7%
-4.4%
-4.3%
2020 Households
7,107
52,110
101,278
2024 Households
6,884
49,786
96,808
Household Growth '20-'24
-3.1%
-4.5%
-4.4%
Average Age
41
41
41
Median Household Income
$176,908
$157,719
$157,216
Daytime Employees
15,317
77,236
160,866
Total Businesses
2,363
9,538
17,439
College Degree + Higher
60%
58%
58%
$ values in USD
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Rustic House Oyster Bar & Grill | Seafood | $$$$ | 3 min walk |
| Tea Juice | - | - | 5 min walk |
| Starbucks | Cafe | $ | 5 min walk |
| Lulu's On Laurel | American | - | 4 min walk |
| Panda Dumpling | Chinese | $ | 6 min walk |
| My Breakfast House | Cafe | $ | 5 min walk |
| Nothing Bundt Cakes | - | - | 6 min walk |
| Pazzo | Pizza | $$ | 5 min walk |
| Ryu Sushi Bistro | Bistro | $$ | 6 min walk |
| Pranzi Italian Bistro | Italian | $$ | 6 min walk |
RETAIL |
||
|---|---|---|
| United States Postal Service | Business/Copy/Postal Services | 6 min walk |
| The Children's Place | Children Apparel | 5 min walk |
| Dollar Tree | Dollar/Variety/Thrift | 8 min walk |
| The UPS Store | Business/Copy/Postal Services | 7 min walk |
| Hallmark | Card/Gifts | 8 min walk |
| The Home Depot | Home Improvement | 8 min walk |
| Lucky | Supermarket | 9 min walk |
| Walgreens | Drug Store | 10 min walk |
| Trader Joe's | Supermarket | 11 min walk |
| Ross Dress for Less | Other Retail | 12 min walk |
HOTELS |
|
|---|---|
| Hyatt Place |
104 rooms
4 min drive
|
| Best Western |
31 rooms
3 min drive
|
| Holiday Inn Express |
82 rooms
4 min drive
|
| SpringHill Suites |
168 rooms
7 min drive
|
| Holiday Inn Express |
62 rooms
6 min drive
|
PROPERTY TAXES
| Parcel Number | 051-358-320 | Improvements Assessment | $7,173,213 CAD |
| Land Assessment | $5,248,524 CAD | Total Assessment | $12,421,737 CAD |
PROPERTY TAXES
Parcel Number
051-358-320
Land Assessment
$5,248,524 CAD
Improvements Assessment
$7,173,213 CAD
Total Assessment
$12,421,737 CAD
SALE ADVISORS
SALE ADVISORS
Chris Blom,
Executive Vice President
Chris Blom is a Commercial Real Estate Consultant and Advisor in the San Francisco Bay Area. Blom specializes in Agency Leasing and assists individual and institutional landlords alike, representing over 600,000 square feet of office and R&D product in San Mateo County. He utilizes his years of transactional real estate knowledge to assist his clients with finding the right solution for their needs. Currently, Blom serves as a Director with Cushman & Wakefield and has previously worked with Colliers International.
Ben Paul,
Vice Chairman
Ben is a Vice Chairman and Market Lead for the northern San Francisco Peninsula office for Cushman & Wakefield. Focusing on tech office, life science and land development, Ben has consistently been a top performing broker in the Northwest Region. Ben has the leading market share of exclusive listing assignments in both life science and Class A trophy office projects between San Francisco and Mountain View. His listings are currently in excess of 7 mil SF including over 3.5 million SF of new development life science and TOD office sites.
Trophy exclusive listing assignments include Stanford University, in Stanford Research Park, Phase 3 for 600,000sf of state-of-the-art new construction life science/lab, IQHQ for 1.1 mil SF plus of start-of-the art life science/lab at South San Francisco CalTrain, The iconic 600,000sf ELCO Yards and Dostart Development’s new 175,000sf 220 Park in downtown Burlingame.
Built projects include the immensely successful Redwood Life (1 mil SF), Hudson Pacific, and at Metro Center (.7mil SF). Ben is highly regarded for structuring many of the peninsula’s largest and most complex leasing and development projects sales and leases.
Over the last decade, Ben has received numerous company awards for top production, leadership, and sourcing multi-market transactions. Ben was recognized statewide and awarded Person of the Year for the City of Redwood City in 2014. Ben and his four children live in West Menlo Park.
Trophy exclusive listing assignments include Stanford University, in Stanford Research Park, Phase 3 for 600,000sf of state-of-the-art new construction life science/lab, IQHQ for 1.1 mil SF plus of start-of-the art life science/lab at South San Francisco CalTrain, The iconic 600,000sf ELCO Yards and Dostart Development’s new 175,000sf 220 Park in downtown Burlingame.
Built projects include the immensely successful Redwood Life (1 mil SF), Hudson Pacific, and at Metro Center (.7mil SF). Ben is highly regarded for structuring many of the peninsula’s largest and most complex leasing and development projects sales and leases.
Over the last decade, Ben has received numerous company awards for top production, leadership, and sourcing multi-market transactions. Ben was recognized statewide and awarded Person of the Year for the City of Redwood City in 2014. Ben and his four children live in West Menlo Park.
1 of 22
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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993 Laurel St
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