Rare Mixed-Use Investment Opportunity

Highlights:

• 100% Leased Investment – Stable in-place cash flow with minimal landlord responsibilities
• Significant Mark-to-Market Opportunity – Current rents below market provide meaningful upside upon lease rollover
• Future Owner-User Flexibility – Second-floor office space offers potential occupancy in the near term
• Trophy Downtown San Mateo Location – Positioned along a highly trafficked retail corridor in a premier Bay Area submarket
• Strong Tenant Mix – Diverse blend of established retail operators and venture-backed office tenant
• Attractive Demographics – Affluent, densely populated trade area supporting long-term tenant demand
• Transit-Oriented Location – Walking distance to Caltrain and convenient access to Highway 101 and 92
• Historic & Iconic Asset – Former 1st headquarters of YouTube, offering a unique identity and pride of ownership
• Mixed-Use Zoning with Upside – CBD zoning allows for a variety of retail, office, and residential uses

Description:

SVN | Capital West Partners, as exclusive advisor, is pleased to present 71 East 3rd Avenue, a trophy mixed-use retail and office property located in the heart of downtown San Mateo, California. The property is 100% leased, providing stable in-place cash flow with minimal landlord responsibilities. Below-market rents offer a compelling mark-to-market opportunity. The second-floor office space also offers potential flexibility for future owner-occupants, allowing buyers to benefit from existing income while occupying the space in the near term. Ideally positioned along a highly trafficked retail corridor and supported by strong surrounding demographics, this offering represents a rare opportunity to acquire a well-located asset with both stable income and meaningful upside in a premier Bay Area submarket.

Situated in the heart of Downtown San Mateo, 71 East 3rd Avenue benefits from a premier infill location along one of the Peninsula’s most vibrant and pedestrian-oriented retail corridors. The property is surrounded by a dynamic mix of restaurants, boutiques, and daily amenities, generating consistent foot traffic and strong tenant demand, and is within walking distance to the San Mateo Caltrain Station with convenient access to Highways 101, 92, and 280. The area is supported by dense and affluent demographics, with average household incomes exceeding $160,000 within a two-mile radius, and continues to experience significant growth with new mixed-use and residential developments further enhancing the vitality of the downtown core.

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