416 D StRedwood City, CA 94063

Property Details for 416 D St

Lot size

0.27 AC

Zone code

ML00IR

Property type

Retail properties

Property subtype

Other automotive properties

APN

052-125-090

APU

52125090

Description

This exceptional opportunity presents the acquisition of an established equipment rental business in Redwood City, California. Located at 416 D St, 94063, this thriving enterprise has served the Mid-Peninsula since 1987, boasting a loyal clientele ranging from homeowners and independent contractors to large-scale construction firms. The business operates from a 3,300 square foot flex industrial space situated on an 11,760 square foot lot. The asking price is $1,800,000, translating to $545.45 per square foot. The property features a modified lease with a single tenancy and 100% occupancy. A significant advantage is the existing ground lease, extending until January 2nd, 2039, ensuring long-term operational stability. The sale includes two seven-year lease options, providing further flexibility and growth potential. This turnkey operation offers immediate revenue generation and a strong foundation for continued success in a robust market. The business is offered as a sale of the business only

• CAP approach

  CAP return

  Valuation

  6%

  $8,866,161

  6.5%

  $8,184,148

  7%

  $7,599,566

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,320,728

  Geo Method

  $8,357,628

• Alternative Use

  Use

  Valuation

  Residential

  $6,903,636

  Hospitality

  $6,323,693

  Educational

  $5,261,238

  Medical

  $5,442,180

  Retail

  $8,184,148

Location Insight

City

Redwood City

County

San Mateo

State

California

Latitude

37.4958

Longitude

-122.238

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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