Hyper-Core Mixed-Use Opportunity

Essential CRE is pleased to present the opportunity to acquire the fee simple interest in 383 Castro Street in Mountain View, CA. This offering represents an extremely rare opportunity to acquire a prime, downtown mixed-use development site in the heart of Silicon Valley. The subject property is a 1,1776 square foot single tenant restaurant, resides on .21 acres of land and was built in 1967. 383 Castro Street benefits greatly from being positioned on a "Main and Main" signalized intersection in the heart of downtown Mountain View. The subject property is a 4-minute walk to Caltrain and 1/2 mile to El Camino Real Blvd providing easy access from all parts of the region.

Extremely Rare, Hyper-Core Silicon Valley Mixed-Use Development Opportunity
Potential for ±30,000 to ±40,000 Square Feet Mixed-Use Office & Retail Development
Market Rents Range from $7.00 to $8.00 NNN Per Square Foot for Retail & Office
Located in the "300 Block" Historic Retail District in the Heart of Downtown Mountain View

Situated in the southern end of peninsula in the San Francisco Bay Area, Mountain View is one of the major cities that make up Silicon Valley. At just over 12 square miles, the City is home to approximately 75,000 residents, many nationally and internationally known corporations, and a thriving small business base. Today, many of the largest technology companies in the world are headquartered in the city, including Google, Mozilla Foundation, Symantec, and Intuit. Mountain View is home to a robust office market, including the master planned Google campus. Synergy with the thriving high technology and venture capital in the area creates an ideal environment for high office demand coupled by access to the Bay Area and beyond with both San Francisco and San Jose International Airports in under a half hour. Silicon Valley has more than 500 high tech companies with 20 Fortune 500 companies making it the strongest economic market in the nation with one of the lowest unemployment rates.
Mountain View prides itself on providing excellent public services and facilities that meet the needs of a caring and diverse community in a financially responsible manner. While leading the region in innovation and ideas, the City remains committed to the traditional values of strong neighborhoods and citizen involvement. Mountain View boasts strong safety and public education records and is considered one of the best places to live in the Bay Area.