Rare Mixed-Use Investment Opportunity

Investment Overview

SVN | Capital West Partners, as exclusive advisor, is pleased to present 71 East 3rd Avenue, a trophy mixed-use retail and office property located in the heart of downtown San Mateo, California. The property is 100% leased, providing stable in-place cash flow with minimal landlord responsibilities. Below-market rents offer a compelling mark-to-market opportunity. The second-floor tenant recently executed a lease renewal at market rental rates, significantly increasing the property's future NOI. Ideally positioned along a highly trafficked retail corridor and supported by strong surrounding demographics, this offering represents a rare opportunity to acquire a well-located asset with both stable income and meaningful upside in a premier Bay Area submarket.

Investment Highlights

• 100% Leased Investment – Stable in-place cash flow with minimal landlord responsibilities
• Significant Mark-to-Market Opportunity – Current rents below market provide meaningful upside upon lease rollover
• Trophy Downtown San Mateo Location – Positioned along a highly trafficked retail corridor in a premier Bay Area submarket
• Strong Tenant Mix – Diverse blend of established retail operators and venture-backed office tenant
• Attractive Demographics – Affluent, densely populated trade area supporting long-term tenant demand
• Transit-Oriented Location – Walking distance to Caltrain and convenient access to Highway 101 and 92
• Historic & Iconic Asset – Former 1st headquarters of YouTube, offering a unique identity and pride of ownership
• Mixed-Use Zoning with Upside – CBD zoning allows for a variety of retail, office, and residential uses