For Sale
$7,750,000

373 Gellert BlvdDaly City, CA 94015

Prime Retail Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional two-story, 17,836 square foot retail building in Daly City, CA, is available for sale at $7,750,000. Currently 100% occupied by a 24-hour fitness center on a month-to-month lease with a remaining term of one year, the property sits on a 50,128 square foot lot and boasts 46 parking spaces. The fitness center features extensive amenities including three weight rooms, a pool, sauna, jacuzzi, restrooms, basketball court, and racquetball court. This highly improved space benefits from a strong location near the 1 and 280 freeway exchange, providing excellent accessibility. The property enjoys a desirable location with neighboring tenants including Sprouts, Starbucks, Total Wine & More, Skechers, The Habit Burger Grill, and In-N-Out Burger, and is proximate to the Serramonte Shopping Center. The building offers a Net Lease (NNN) structure, with current rent in the low $30s per square foot. The property presents a compelling investment opportunity with a 5.64% cap rate. This standalone retail building offers significant potential for future growth and income. The property is located at 373 Gellert Boulevard, Daly City, CA 94015.

Highlights

  • Standalone retail building available for sale or lease.
  • 17,836 square foot, two-story retail building on a 50,128 square foot lot.
  • NNN rent in the low $30s per square foot.
  • Asking price: $7.75 million.
  • 24-hour fitness tenant on a month-to-month lease.
  • 46 parking spaces on-site.

Property Details for 373 Gellert Blvd

Property type
Retail properties
Square Feet
50,128 SF
Stories
2

Location Insight

City
Daly City
County
San Mateo
State
California
Latitude
37.6651716
Longitude
-122.4669807
373 Gellert Blvd, Daly City, California

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373 Gellert Blvd
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