240 Harbor Blvd
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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
Utilities
- Lighting
- Gas - Natural
- Water
- Sewer
- Heating
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Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
Parcel Number | 046-010-220 | Total Assessment | £1,466,173 (2023) |
Land Assessment | £988,466 (2023) | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £477,706 (2023) | Tax Year | 2024 |
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.) |
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240 Harbor Blvd
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