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1261 E Hillsdale Blvd

13,700 SF 49% Leased Office Building Foster City, CA 94404 $6,950,000 ($507/SF)

Investment Highlights

  • Excellent Medical Owner- User Investment Opportunity
  • Centrally Located in a Major Thoroughfare of the Peninsula with Freeway Exposure
  • Fully Improved Medical Space with 206V/ 600amp
  • Rare to Find Single-Story Medical Building with Ground Floor Access
  • Prime One Acre Lot for Future Development
  • Ample Surface Parking with 5 Spaces per 1000 Square-Feet

Executive Summary

Marcus & Millichap is pleased to present an excellent owner- user opportunity in Foster City, a rare to find single-story medical building in the most desirable thoroughfare in Foster City submarket of the south San Francisco metro. The property has excellent freeway exposure with convenient access to the San Mateo Bridge. The property spans 13,700 sqft of medical spaces on a large one-acre lot. It has ample 66 surface parking spaces with ground floor access to the building. There is a vacant health care space (approx. 7,053 sqft) which was previously occupied by Da Vita. It is full medical build-out with large open treatment area, 3 labs, 5 offices, and private restroom. Excellent for other dialysis, surgery centers, imaging and traditional larger clinics. It has power 208/120v and 600a. This health care space and the existing lease’s structure present an excellent opportunity and flexibility for owner users or astute investors seeking for value-add and redevelopment opportunity.
All property tours must be arranged with the listing agent. Please do not contact the tenants and the management without prior approval.

Financial Summary (Actual - 2022) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2022) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
13,700 SF
Building Class
C
Year Built
1972
Price
$6,950,000
Price Per SF
$507
Percent Leased
49%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
13,700 SF
Building FAR
0.31
Lot Size
1.00 AC
Zoning
CM00PO
Parking
66 Spaces (6.5 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste 4
  • 2,500-7,053 SF
  • Medical
  • Full Build-Out
  • Now

Existing dialysis space with large open treatment area, 3 labs, 5 offices, restroom. True ground floor location. Excellent for other dialysis, surgery centers, imaging and traditional larger clinics. Space power 208Y/120v 3-phase (please verify independently).

Space Size Space Use Condition Available
1st Fl-Ste 4 2,500-7,053 SF Medical Full Build-Out Now

1st Fl-Ste 4

Size
2,500-7,053 SF
Space Use
Medical
Condition
Full Build-Out
Available
Now

1st Fl-Ste 4

Size 2,500-7,053 SF
Space Use Medical
Condition Full Build-Out
Available Now

Existing dialysis space with large open treatment area, 3 labs, 5 offices, restroom. True ground floor location. Excellent for other dialysis, surgery centers, imaging and traditional larger clinics. Space power 208Y/120v 3-phase (please verify independently).

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
094-181-040
Land Assessment
$2,575,525 (2023)
Improvements Assessment
$4,455,666 (2023)
Total Assessment
$7,031,191 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2022
  • Listing ID: 30367870

  • Date on Market: 12/14/2023

  • Last Updated:

  • Address: 1261 E Hillsdale Blvd, Foster City, CA 94404

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