Single Tenant NNN Leased Investment | 643 Emerson St
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Single Tenant NNN Leased Investment 643 Emerson St
5,590 SF Retail Building Palo Alto, CA 94301 $6,500,000 ($1,163/SF) 4.80% Cap Rate
Executive Summary
Single Tenant NNN Leased Investment
Current asking sale price = $6,500,000
$311,882.99 Annually / $25,990.25 Monthly / 5,600 sf = $4.65/sf NNN.
Current cams = $2,400 / month / 5,600 sf = $0.43/sf/month.
Did you know that the Nobu hotel across the street was the most valuable hotel purchase on a price per room in the entire Bay Area history? Their rooms go for $500/night+++ https://paloalto.nobuhotels.com/?utm_source=google-gbp&utm_medium=organic&utm_campaign=gbp
A sale will require the seller coordinating a 1031 exchange into a real estate partnership with a group of investors.
400 amps.
Please do not disturb existing tenant or employees with any questions about the property or the listing.
Current asking sale price = $6,500,000
$311,882.99 Annually / $25,990.25 Monthly / 5,600 sf = $4.65/sf NNN.
Current cams = $2,400 / month / 5,600 sf = $0.43/sf/month.
Did you know that the Nobu hotel across the street was the most valuable hotel purchase on a price per room in the entire Bay Area history? Their rooms go for $500/night+++ https://paloalto.nobuhotels.com/?utm_source=google-gbp&utm_medium=organic&utm_campaign=gbp
A sale will require the seller coordinating a 1031 exchange into a real estate partnership with a group of investors.
400 amps.
Please do not disturb existing tenant or employees with any questions about the property or the listing.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
5,590 SF
Building Class
C
Year Built
1947
Price
$6,500,000
Price Per SF
$1,163
Cap Rate
4.80%
NOI
$311,883
Tenancy
Single
Building Height
2 Stories
Building FAR
1.43
Lot Size
0.09 AC
Zoning
CD-C(GF)(P) - CD-C(GF)(P):
Retail, Restaurant. Trade school, church, studio, classes, school, business office*, medical office*, club, day care. (see below)
Walk Score ®
Walker's Paradise (98)
Bike Score ®
Biker's Paradise (100)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 120-27-020 | Improvements Assessment | $375,047 |
| Land Assessment | $196,000 | Total Assessment | $571,047 |
PROPERTY TAXES
Parcel Number
120-27-020
Land Assessment
$196,000
Improvements Assessment
$375,047
Total Assessment
$571,047
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Single Tenant NNN Leased Investment | 643 Emerson St
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