1021 Burlingame Ave - Office FOR SALE


Burlingame, CA 94010- Lyon Hoag
$9,000,000 USD
650-347-3700
1021 Burlingame Ave, Burlingame, CA for Sale
$9,000,000 USD
Office - FOR SALE
1/1
null | Request Cap Rate

1021 Burlingame Ave
Burlingame, CA 94010
Lyon Hoag


HIGHLIGHTS

  • 13,134 SF building on an approximately 15,000 square feet of land in the heart of Downtown Burlingame.
  • Overall the location is excellent. Walkability to the Caltrain and Downtown Burlingame retail, will allow for a significant pricing premium on site.
  • Asking rents for new office construction product is in the $8.00 per square foot NNN range.
  • Encompassing three major metropolitan areas and nine counties, the San Francisco Bay Area is one of the nation’s more prominent geographies.

OVERVIEW

Cushman & Wakefield and JLL, as exclusive advisors, are pleased to present the opportunity to acquire the fee simple interest in 1021 Burlingame Ave which consists of an approximately 13,134 SF building situated on approximately 15,000 square feet of land in the heart of Downtown Burlingame. The property is located at 1021 Burlingame Avenue, proximate to various repositioned and recently developed Class A office buildings and one block off Burlingame Avenue which is home to some of the highest quality retail on the Peninsula. This location provides excellent walkability to numerous shops and services, as well as access to Caltrain which is 200 ft from the subject property. Downtown Burlingame has seen a recent influx of office and residential development, however it remains an extremely supply constrained submarket with historically high barriers to entry.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$685 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

MMU

APN/PARCEL ID

029-214-010

ASK ABOUT THIS PROPERTY

Marc PopeCushman & WakefieldMore Info
650-347-3700

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Marc PopeCushman & WakefieldMore Info
650-347-3700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.