71 E. Third Ave, San Mateo

The historic property received recognition as the first YouTube headquarters and the first Amici’s East Coast Pizzeria location.

100% occupied, the property operates under a triple-net lease structure, offering a streamlined management approach for investors. The existing leases are below-market rents, presenting significant value-add potential through future lease renewals or re-tenanting at prevailing market rates. The property’s high-end demographics and a centralized location within the San Francisco Silicon Valley further solidify its long-term investment appeal.

This is a unique chance to own a landmark asset in a premier location, offering both immediate passive income and substantial upside in a dynamic and high-growth market.

Investment Highlights

Significant Value-Add: Capitalize on future income upside with current retail tenants paying substantially below market rent in a premier downtown location with high demand.

Stable Passive Income: Enjoy consistent cash flow and minimal management due to 100% net-leased occupancy across three tenants.

Strong Appreciation Potential: Benefit from ongoing development in the immediate CBD, including new office, retail, and 480 housing units, driving future value growth. 

Trophy Downtown Location: Positioned on San Mateo’s most vibrant and heavily trafficked corridor, ensuring robust demand for retail and office space.

Iconic Property: Own a piece of history as the original headquarters of YouTube, offering unique pride of ownership and enduring appeal.