John Cumbelich [email protected]t. 925.935.5400 ext. 101 CA-BRE Lic #01006249 John Cumbelich & Associates 1330 N Broadway, Suite 200A Walnut Creek, CA 94596 t. 925.935.5400 f. 925.940.9583 FOR LEASE Rare Corner Parcel for Development 1990 South El Camino Real – San Mateo, CA SUMMARY Development opportunity allowing for almost all retail uses including food Located at signalized NWC of El Camino Real & 20th Avenue Dense population base with high daytime population Located less that a quarter mile from Highway 92, providing direct access to Hwy 101 and I-280 Backs up to well established and successful retail center Located near Serra High School, city of San Mateo and California Casualty Insurance Group’s corporate campus Retailers in the area include Apple, CVS, 24 Hour Fitness, Rite Aid, Ross, TJ Maxx, Trader Joe’s, McDonald’s, Macy’s, Michaels, Guitar Center, Burger King, Uniqlo and more. 92 82 1 0 0 1 1 I HIl HIl d lsd lsd lsd l ale al Bl Bl Blvd vd vd d HIllsdale Blvd S El Camino Real 4 3 1 2 SITE NIJIYA MARKET W W W W W W 20 20 20 20 20 2 th th th th A A Ave ve ve W 20th Ave BAY MEADOWS DELAWARE STREET 85,000 SF Whole Foods anchored center + 250,000 SF office + 600 residential units Kaiser - 65,000 SF Franklin Templeton Inv. 760,000 SF campus Delaware Street 41,132 SF retail +765,000 SF office + 1,116 residential 1 2 3 4 Located on the #1 Retail Corridor for San Francisco & the Peninsula W 20th Ave - 8,000 ADT S El Camino Real - 33,000 ADT
John Cumbelich & Associates1330 N Broadway, Suite 200AWalnut Creek, CA 94596t. 925.935.5400f. 925.940.9583
FOR LEASE
Rare Corner Parcel for Development1990 South El Camino Real – San Mateo, CA
SUMMARY
Development opportunity allowing for almost all retail uses including food
Located at signalized NWC of El Camino Real & 20th Avenue
Dense population base with high daytime population
Located less that a quarter mile from Highway 92, providing direct access to Hwy 101 and I-280
Backs up to well established and successful retail center
Located near Serra High School, city of San Mateo and California Casualty Insurance Group’s corporate campus
Retailers in the area include Apple, CVS, 24 Hour Fitness, Rite Aid, Ross, TJ Maxx, Trader Joe’s, McDonald’s, Macy’s, Michaels, Guitar Center, Burger King, Uniqlo and more.
9282
10011
IHIlHIldlsdlsdlsd
lalealBlBlBlvdvdvdd
HIllsdale Blvd
S El Camino Real
4
3
1
2
SITE
NIJIYA MARKET
W WW WWW 20202020202 ththththt AAAveveveW 20th Ave
BAY MEADOWSDELAWARE STREET
85,000 SF Whole Foods anchored center + 250,000 SF office + 600 residential units
Kaiser - 65,000 SF
Franklin Templeton Inv.760,000 SF campus
Delaware Street41,132 SF retail +765,000 SF office + 1,116 residential
1
2
3
4
Located on the#1 Retail Corridor for San Francisco
John Cumbelich & Associates1330 N Broadway, Suite 200AWalnut Creek, CA 94596t. 925.935.5400f. 925.940.9583
FOR LEASE
Rare Corner Parcel for Development1990 South El Camino Real – San Mateo, CA Retail Opportunity
SUMMARY
• Rare El Camino Real / Peninsula corner location
• Located at signalized intersection with high traffic count (±42,000 ADT)
• High average household income ($174,573)
RETAIL OPPORTUNITY
The subject site is available for ground lease
or build to suite, for retail/office, drive thru,
medical, quick service and other uses.
Address: 1990 S. El Camino Real, San Mateo, CA 94403, San Mateo County Site: 0.33 Acres / 14,375 SF Parcel Number: 039-030-260 Zoning: C2 – Commercial Retail
John Cumbelich & Associates1330 N Broadway, Suite 200AWalnut Creek, CA 94596t. 925.935.5400f. 925.940.9583
FOR LEASE
Rare Corner Parcel for Development1990 South El Camino Real – San Mateo, CA Street View
STRONG DEMOGRAPHICS5 MILE RADIUS175,068 Population66,206 Households$174,573 Average Household Income$132,245 Median Household Income176,555 Daytime Population
TRAFFIC COUNTSS El Camino Real, N of W 20th Ave – 42,000 ADTW 20th Ave, W of S El Camino Real – 8,000 ADTHwy 92, W of S El Camino Real – 79,000 ADTHwy 92, E of S El Camino Real – 100,000 ADT
THE SITE IS LOCATED IN AN AFFLUENT, THRIVING AND EVER EXPANDING MARKET WITH
1. STATION PARK GREEN Essex Property Trust’s $300-million, 12-acre transit-oriented, multi-use development at 1700 South Delaware
will include 599 resi-dential units, 60,000 square feet of retail space, 10,000 square feet of office space, and two acres of parks and open space. Expected completion is Q1 2018.
2. 400 / 450 CONCAR This 278,000 square foot Class A office development by Hines, located at the corner of Delaware and Con-
car, was delivered in Q4 2016, and has been 70% leased to Medallia, a Palo Alto-based software company which is relocating its corporate headquarters here.
3. BAY MEADOWS STATION This 820,000 square foot project is the largest new development on the San Francisco Peninsula. When
completed, the project will include eight residential developments totaling 1,116 units (five of the existing for-sale projects are already sold out), 41,000 square feet of retail, 763,000 square feet of Class A office space and 18 acres of open space. Wilson Meany and Stockbridge Capital are con-structing the office por-tion. Station 4, which is 100% leased to Survey Monkey, was delivered in 4Q 2016, while Station 3, preleased to OpenText, is currently under construction. Station 1 and 2 are not yet under construction.
4. 2090 S. DELAWARE STREET Wood Partners completed this 111-unit apartment complex in 2014. This $43.7 million transit-oriented devel-
opment was designed to capitalize on the site’s nearby access to Caltrain and the growth of high technology firms in the San Mateo area.
5. 2000 DELAWARE & DELAWARE PACIFIC Westlake Urban, Palo Alto Partners and MidPen Housing Corporation delivered 120 units of workforce
housing in 2015. These two projects were specifically designed to provide moderate-income housing for local teachers, firefighters, police officers and city em-ployees in an effort to maintain a multifaceted com-munity.
6. HILLDALE SHOPPING CENTER The Bohannon Company is currently working on a massive transformation of its Hillsdale Shopping Center
in an effort to update the aging property with enhanced walkability centered around a large landscaped plaza. The initial groundbreaking on 290,000 square feet took place in May 2017 and included demolition of the the Sears store on 31st Avenue and El Camino Real. In its place will be a the new outdoor plaza sur-rounded by new boutique shops, restaurants and a contemporary bowling alley, luxury cinema, a bocce court. Expected completion is mid 2018.
7. ESSEX AT CENTRAL PARK Essex Property Trust has submitted plans for a 117-unit residential project with ground floor retail located
across from San Mateo’s Central Park. This project would complement the city’s efforts to bette integrate the park into the downtown retail core.
IMPORTANT – READ CAREFULLY:THIS REPORT IS NOT AN INSURED PRODUCT OR SERVICE OR A REPRESENTATION OF THE CONDITIONOF TITLE TO REAL PROPERTY. IT IS NOT AN ABSTRACT, LEGAL OPINION, OPINION OF TITLE, TITLE INSURANCE COMMITMENT ORPRELIMINARY REPORT, OR ANY FORM OF TITLE INSURANCE OR GUARANTY. THIS REPORT IS ISSUED EXCLUSIVELY FOR THE BENEFITOF THE APPLICANT THEREFOR, AND MAY NOT BE USED OR RELIED UPON BY ANY OTHER PERSON. THIS REPORT MAY NOT BEREPRODUCED IN ANY MANNER WITHOUT FIRST AMERICAN’S PRIOR WRITTEN CONSENT. FIRST AMERICAN DOES NOT REPRESENT ORWARRANT THAT THE INFORMATION HEREIN IS COMPLETE OR FREE FROM ERROR, AND THE INFORMATION HEREIN IS PROVIDEDWITHOUT ANY WARRANTIES OF ANY KIND, AS-IS, AND WITH ALL FAULTS. AS A MATERIAL PART OF THE CONSIDERATION GIVEN INEXCHANGE FOR THE ISSUANCE OF THIS REPORT, RECIPIENT AGREES THAT FIRST AMERICAN’S SOLE LIABILITY FOR ANY LOSS ORDAMAGE CAUSED BY AN ERROR OR OMISSION DUE TO INACCURATE INFORMATION OR NEGLIGENCE IN PREPARING THIS REPORTSHALL BE LIMITED TO THE FEE CHARGED FOR THE REPORT. RECIPIENT ACCEPTS THIS REPORT WITH THIS LIMITATION AND AGREESTHAT FIRST AMERICAN WOULD NOT HAVE ISSUED THIS REPORT BUT FOR THE LIMITATION OF LIABILITY DESCRIBED ABOVE. FIRSTAMERICAN MAKES NO REPRESENTATION OR WARRANTY AS TO THE LEGALITY OR PROPRIETY OF RECIPIENT’S USE OF THEINFORMATION HEREIN.
