Industrial Properties
860 Charter Street Redwood City, CA 94063
Details & Description
Price: $16,500,000
    NAI Northern California has been chosen as the exclusive advisors for 860 Charter Street in Redwood City. This 24,431 sq. ft. industrial/flex building situated on a 1.12 acre lot is occupied and leased by Facebook, Incorporated. Facebook has a long-term true-NNN lease with 4% annual increases. The landlord has zero expenses and the investment requires little to no management. The building is also located in an Opportunity Zone, and the owner has the option to not renew any option at the end of the term if they elect to redevelop the property.
    Property Highlights
    Listing Agents
    Alexander Barker

    O: 415-480-0209
    M: 707-480-2591
    abarker@nainorcal.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    860 Charter Street

    Redwood City, CA 94063

    Listing ID: 250151
    • 860 Charter Street Redwood City, CA 94063 | for Sale | Photo 1
    • 860 Charter Street Redwood City, CA 94063 | for Sale | Photo 2
    • 860 Charter Street Redwood City, CA 94063 | for Sale | Photo 3
    860 Charter Street | for Sale | Thumbnail 1
    860 Charter Street | for Sale | Thumbnail 2
    860 Charter Street | for Sale | Thumbnail 3
    Building Size: 24,431 SF
    Lot Size: 1.120 AC
    Land Size: 48,787 SF
    Building $/SF: $675.37
    Land $/SF: $338.20
    Price
    $16,500,000
    Property Highlights
    Long-term true-NNN lease with Facebook
    Tenant renovating entire building
    Opportunity Zone
    Prime location surrounded by new developments by Stanford Medical, John Sobratos Broadway Plaza, CVS, and 24 Hour Fitne
    4 annual rental increases
    No landlord responsibilities or expenses
    Description

    NAI Northern California has been chosen as the exclusive advisors for 860 Charter Street in Redwood City. This 24,431 sq. ft. industrial/flex building situated on a 1.12 acre lot is occupied and leased by Facebook, Incorporated. Facebook has a long-term true-NNN lease with 4% annual increases. The landlord has zero expenses and the investment requires little to no management. The building is also located in an Opportunity Zone, and the owner has the option to not renew any option at the end of the term if they elect to redevelop the property.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Hayward History of Industrial Properties for Sale

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    Redwood City Area Market Trends

    Listing Demographics for 860 Charter Street Redwood City, CA 94063

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population26,667121,608275,780
    Population Median Age343838
    Population by Age0-9 Yrs3660 (13%)15728 (12%)35376 (12%)
    10-19 Yrs3627 (13%)14527 (11%)36128 (13%)
    20-29 Yrs4494 (16%)16975 (13%)38507 (13%)
    30-39 Yrs4958 (18%)19989 (16%)40644 (14%)
    40-49 Yrs3546 (13%)16101 (13%)37323 (13%)
    50-59 Yrs2909 (10%)16032 (13%)35893 (13%)
    60-69 Yrs1940 (7%)11542 (9%)26193 (9%)
    70+ Yrs1533 (5%)10715 (8%)25715 (9%)
    Median HH Income$70,849$116,838$131,133
    Total Household Income< 24K1419 (17%)4383 (10%)9411 (9%)
    25-49K1526 (18%)5379 (12%)10295 (10%)
    50-74K1264 (15%)4649 (11%)9888 (10%)
    75-99K828 (10%)3774 (9%)8081 (8%)
    100-199K1885 (23%)11047 (26%)24578 (26%)
    200K+1123 (13%)12429 (29%)32114 (34%)
    Highest Education LevelNo Diploma56471172820090
    Diploma or GED37921309723735
    Some College27431331924889
    Assoc. Degree69944619472
    Bachelors Degree27372089749847
    Higher Degree20132052758004
    Total Housing Units8,41344,001100,078
    --Owner-Occupied2,41921,81752,894
    --Renter-Occupied5,62619,84441,472
    Owner-Occupied Values< 100K1205571057
    100-199K84359595
    200-299K49285452
    300-399K57204499
    400-499K43241568
    500K+20662017149723
    Total Working Age Population20,76096,648219,565
    In Work Force14,64867,396148,326
    Not In Work Force6,11229,25271,239
    Workforce Employed14,20265,322142,828
    Workforce Unemployed4412,0645,444
    Civlian Workforce14,64367,386148,272
    Military Workforce51054
    Total Households8,04641,66294,366
    Family Households5,29927,97963,625
    Non-Family Households2,74713,68330,741
    Married Couple3,54421,87551,331
    Other Family1,7556,10312,293
    Married w/Child1,7239,98024,798
    Single Male w/Child2778661,724
    Single Female w/Child6951,9634,261

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    California33,871,648+1037,253,956+940,467,295+843,631,295
    Alameda County1,443,741+51,510,271+121,696,752+101,861,027
    San Mateo County707,161+2718,451+9785,650+6833,868
    Santa Clara County1,682,585+61,781,642+121,996,394+102,194,079

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 860 Charter Street in Redwood City?
    The asking price for 860 Charter Street is $16,500,000
    What is the building size of this Industrial property in Redwood City, CA?
    The size of the building/unit at 860 Charter Street in Redwood City is 24,431 square feet
    How much land does the Redwood City, CA property at 860 Charter Street include?
    860 Charter Street in Redwood City includes 1.120 acres of land
    What kind of Industrial is the propery at 860 Charter Street?
    The property at 860 Charter Street Redwood City, CA 94063 is listed as a Flex-Office-Warehouse Industrial property
    What is the population within 1 mile of 860 Charter Street in Redwood City?
    The population within 1 mile of 860 Charter Street Redwood City, CA 94063 is 26,667 people.
    Who do I contact for questions about 860 Charter Street?
    You should contact the listing agent, Alexander Barker, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    San Francisco International Airport (SFO) 13
    Metropolitan Oakland International Airport (OAK) 16
    Norman Y. Mineta San Jose International Airport (SJC) 18