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240 Harbor Blvd

13,191 SF 100% Leased Industrial Building Belmont, CA 94002 £3,555,045 (£270/SF) 5.87% Net Initial Yield

Investment Highlights

  • Convenient Mid-Peninsula Location
  • Location, Location, Location
  • Industrial Building
  • Seller May Carry

Executive Summary

Wonderful opportunity to exchange, purchase or lease option this industrial building facility located on unincorporated land adjacent to the City of Belmont, CA (Harbor Industrial Area). The subject property is conveniently located mid-block near the north side of Harbor Blvd. and near the entrance to the 101 Freeway. The current configuration consists of 5 attached industrial buildings constructed around 1956 and totaling approximately 13,191 square feet sitting on approximately 22,160 square feet of land. Utilities are in and connected. There are 4 roll-up doors, approximately 3,000 square feet of office space and 10,191 square feet of warehouse space, rooftop solar panels were added in 2018, heavy 3 phase 900 AMP power and several parking spaces on site. Current Zoning M-1 Light Industrial with a use code of Manufacturing (light). This County zoning permits light industrial and office uses, except medical or dental. Residential and school uses are not permitted. The subject property is in the path of progress and may eventually shift to higher uses. Seller may carry financing.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £3,555,045
Price Per SF £270
Sale Type Investment or Owner User
Net Initial Yield 5.87%
Sale Conditions 1031 Exchange
Property Type Industrial
Property Subtype
Manufacturing
  • Light Industrial Light Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
Building Class B
Lot Size 0.51 AC
Rentable Building Area 13,191 SF
Number of Floors 1
Year Built 1956
Parking Ratio 0.74/1,000 SF
Clear Ceiling Height 16 ft
Level Access Doors 4

Utilities

  • Lighting
  • Gas - Natural
  • Water
  • Sewer
  • Heating
Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
046-010-220
Land Assessment
£988,466 (2023)
Improvements Assessment
£477,706 (2023)
Total Assessment
£1,466,173 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code M1, Belmont (Current Zoning M-1 Light Industrial with a use code of Manufacturing (light). This County zoning permits light industrial and office uses.)
M1, Belmont (Current Zoning M-1 Light Industrial with a use code of Manufacturing (light). This County zoning permits light industrial and office uses.)
  • Listing ID: 29785987

  • Date on Market: 13/10/2023

  • Last Updated:

  • Address: 240 Harbor Blvd, Belmont, CA 94002

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