Foster Square Retail
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Foster Square Retail
2 Retail Properties Offered at $22,580,000 in Foster City, CA
Investment Highlights
- Recently constructed, high-quality, stabilized retail asset in “Core” Bay Area location
- Additional 1,140 SF development parcel available to potentially accommodate a food truck, retail kiosk, beer garden, or similar
- Desirable mix of e-commerce-resistant retailers including Starbucks, USPS, and grocer India Cash & Carry, plus multiple restaurant and service-orien
- ±28,182 square feet of neighborhood-serving retail with 248 surface-level parking spaces (8.80:1,000 SF)
- Stable income with favorable annual increases in most leases
- Minimal risk of tenants downsizing formats
Executive Summary
Recently delivered in 2017, the 28,182 square foot multi-tenant retail asset is 100% leased with a weighted average lease term (WALT) of 6.4 years and no scheduled rollover until 2027. This offering includes the ground floor retail component of two separate mixed-use retail and senior-oriented housing developments: Atria and Alma Point at Foster Square.
Property Facts
| Price | $22,580,000 | Number of Properties | 2 |
| Price / SF | $480.84 / SF | Individually For Sale | 0 |
| Cap Rate | 6.40% | Total Building Size | 46,959 SF |
| Sale Type | Investment | Total Land Area | 1.15 AC |
| Status | Active |
| Price | $22,580,000 |
| Price / SF | $480.84 / SF |
| Cap Rate | 6.40% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 46,959 SF |
| Total Land Area | 1.15 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Foster Square
750-780 Alma Ln, Foster City, CA 94404 |
Retail | 28,182 SF | 2017 | - |
| 1099-1100 Foster Square Ln, Foster City, CA 94404 | Retail | 18,777 SF | 2018 | - |
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