PALO ALTO DEVELOPMENT OPPORTUNITY 430 Forest Avenue | Palo Alto, CA 94301
AVAILABLE
OCCUPANCY
+/- 6,413 SF (building) +/- 0.516 Acres (land)
January 2015
RATE
RATE
Call for Price
Call for Price
DEMOGRAPHICS
1 Mile 3 Mile Population 19,605 139,801 Median HH Income $119,434 $103,794 Year: 2012 | Source: Synergos Technologies, Inc.
5 Mile 259,139 $91,719
SRS REAL ESTATE PARTNERS In 1986, Roger Staubach and Chris Maguire created Staubach Retail Services. In 2009, we evolved into SRS Real Estate Partners. Today, SRS is proudly the largest real estate firm exclusively dedicated to retail services in the U.S. and making our mark internationally.
CONTACT
Sara Sanders | 415.908.4947
[email protected] | CA Lic. #01395462 Tom Power | 415.908.4942
[email protected] | CA Lic. #01069665
DESCRIPTION Offers due Monday, January 14, 2013. Do not disturb Tenant. Call for tour. Existing lease in place with AAA through December 2014. Monthly income from the AAA lease is $28,858 (net of expenses). Conveniently located 3 blocks from University Ave & Downtown Palo Alto. Zoned RM-40 (Residential Multi-Family District).
SRS Real Estate Partners 301 Howard Street, Suite 900 | San Francisco, CA 94105 415.908.4930 | SRSRE.COM
The information contained herein was obtained from sources deemed to be reliable. However, SRS Real Estate Partners makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. Published: 12.13.2012
Offering Process & Property Information
OFFERING PROCESS Offers due Monday, January 14, 2013. Offers should be delivered to the office of the Exclusive Listing Broker, SRS Real Estate Partners, attention Tom Power, by mail, email or by fax at (415) 908-4935. To facilitate analysis of offers, offerors are encouraged to provide information relative to funding sources, experience in owning and operating similar properties, familiarity with the market and any other information which is likely to favorably reflect on the offeror’s ability to close this proposed transaction in a timely manner.
PROPERTY INFORMATION
Fee simple interest in 1 story building of 6,413 square feet on a parcel of 22,477 square feet.
Existing lease in place with AAA Auto Club through December 2014 (Plus one, six month option).
Rent is $4.50 psf / month equal to $28,858 per month (with 3% annual increase) plus $1,251 per month in CAM charges. Tenant pays tax bill.
Property is zoned RM-40 (residential multi-family). Click HERE to view the section of the Palo Alto municipal code covering residential multi-family zoning. Click HERE to view the zoning map.
Zoomed In View
SRS Real Estate Partners 301 Howard Street, Suite 900, San Francisco, CA 94105 – 415.908.4930 – www.srsre.com This information contained herein was obtained from sources deemed to be reliable; However SRS Real Estate Partners makes no guarantees warranties or representations as to the completeness or accuracy thereof.
Site Plan
SRS Real Estate Partners 301 Howard Street, Suite 900, San Francisco, CA 94105 – 415.908.4930 – www.srsre.com This information contained herein was obtained from sources deemed to be reliable; However SRS Real Estate Partners makes no guarantees warranties or representations as to the completeness or accuracy thereof.
Floor Plan
SRS Real Estate Partners 301 Howard Street, Suite 900, San Francisco, CA 94105 – 415.908.4930 – www.srsre.com This information contained herein was obtained from sources deemed to be reliable; However SRS Real Estate Partners makes no guarantees warranties or representations as to the completeness or accuracy thereof.
Tax Map
SRS Real Estate Partners 301 Howard Street, Suite 900, San Francisco, CA 94105 – 415.908.4930 – www.srsre.com This information contained herein was obtained from sources deemed to be reliable; However SRS Real Estate Partners makes no guarantees warranties or representations as to the completeness or accuracy thereof.
Demographics
Property Information Disclaimer
Buyer understands and agrees, upon receipt of any and all documents and other information from Owner and Broker, that Owner and Broker do not warrant the accuracy of such materials, express or implied, but intends only to supply the Buyer with materials which are in Owner's possession, to be reviewed and evaluated at Buyer's discretion, including but not limited to any maps, diagrams or schematics, of the Property, including, without limitation: (i) the quality, nature, adequacy and physical condition and aspects of the Property, including but not limited to, elevations, structural elements, foundation, roof, appurtenances, access, landscaping, parking facilities and the electrical, mechanical, HVAC, plumbing, sewage and utility systems, facilities and appliances, if any; (ii) the quality, nature, adequacy and physical condition of the soils, geology and any groundwater; (iii) the existence, quality, nature, adequacy and physical condition of utilities serving the Property, if any; (iv) the development potential of the Property and the Property's use, merchantability, or fitness or the suitability, value or adequacy of the Property for any particular purpose; (v) the zoning or other legal status of the Property or any other public or private restrictions on use of the Property; (vi) the compliance of the Property or its operation with any applicable codes, laws, regulations, statutes, ordinances, covenants, conditions and restrictions of any governmental or quasigovernmental entity or of any other person or entity; (vii) the presence o f hazardous materials on, under or about the Property or the adjoining or neighboring property; (viii) the quality of any labor and materials used in any improvements on the Property, if any; and (ix) the condition of title to the Property. Owner and Broker shall not be liable for Buyer's reliance on the accuracy of the information contained in any such documents. Buyer shall rely on Buyer's own due diligence on the Property prior to close of escrow. Owner is providing these documents for reference purposes only. It is Buyer's sole responsibility to verify the veracity of the documents provided and confirm the condition of the Property and any improvements thereon. Buyer expressly waives any and all claims against Owner and Broker for any cause of action arising from Buyer's reliance on the documents and information provided by Owner. All information contained in the documents provided is confidential, and shall not be disclosed by Buyer without the prior written consent of Owner. Notwithstanding the foregoing, Buyer may disclose information contained in the documents to Buyer's attorneys, lenders, accountants or other advisors and consultants ("Authorized Third Parties"), provided such Authorized Third Parties are similarly advised of the documents' confidential nature.
Contact Information
CONTACT
301 Howard Street, Suite 900 San Francisco, CA 94105 Main 415-908-4930 Fax 415-908-4935 Tom Power 415-908-4942
[email protected] Sara Sanders 415-908-4947
[email protected]