60 Stone Pine Rd 21 533 pi² 98% Loué Bureau Immeuble Half Moon Bay, CA 94019 7 577 275 $ CAD (351,89 $ CAD/pi²) 5,80% Taux de capitalisation

Stone Pine Business Park presents the opportunity to acquire a fully leased two-building office investment in Half Moon Bay, California. The property consists of approximately 21,533 square feet across two professionally maintained office buildings situated on a ±1.29-acre parcel. With 100% occupancy and a diverse tenant roster, the asset offers in-place cash flow supported by a mix of office users and long-term tenancy.

Located near the intersection of Highway 1 and Highway 92, the property benefits from convenient regional connectivity to San Mateo County, Silicon Valley, and San Francisco while maintaining a coastal business environment that differs from traditional suburban office locations. The property is within walking distance of downtown Half Moon Bay's restaurants, retail amenities, banking services, and community destinations, supporting tenant convenience and daily business operations.

Constructed in 2000, the improvements feature fully improved office interiors, two elevators, fire sprinkler protection throughout, six 200-amp electrical panels, metered electricity by floor, and 84 parking spaces. Ownership has maintained the buildings through ongoing preventative maintenance programs, including HVAC, roof inspections, and building systems upkeep. Operable windows provide natural ventilation throughout the office environment.

The offering includes a stabilized rent roll with multiple established tenants and an estimated net operating income of $318,483.92. The combination of in-place occupancy, maintained building systems, accessible coastal location, and proximity to major Bay Area employment centers positions the asset as a long-term office investment opportunity in a market with limited commercial development inventory.