251 Park Rd - Office FOR SALE


Burlingame, CA 94010- Downtown Burlingame
$6,992,000 USD
650-685-2341
251 Park Rd, Burlingame, CA for Sale
$6,992,000 USD
Office - FOR SALE
1/18
null | 1.7% Cap Rate

251 Park Rd
Burlingame, CA 94010
Downtown Burlingame


HIGHLIGHTS

  • 13 Office Suites - 3 Retail Suites (Facing Park Road)
  • ± 6,630 SqFt Building (Per Floor Plan Visuals)
  • Lush, Serene Inner Courtyard Area for “Common” Enjoyment
  • Mini Splits Serving Units w/ HVAC
  • Abundant Short Term & Long Term Parking Surrounding the Property
  • Downtown Burlingame - HMU (Howard Mixed Use) Zoning

OVERVIEW

Burlingame: Situated in between San Francisco and the South Bay; Burlingame is uniquely postured as a mid-point centrally located in the heart of the thriving and ever evolving Silicon Valley. The residential areas of Burlingame, Hillsborough and San Mateo are in the immediate vicinity of the Burlingame Downtown; making for a casual walk, drive or ride to “town”. The strong demographics of the area have lead to robust growth of the business community, attracting very strong retail, office, life science, technology. The synergy of the business community has reciprocally benefitted the residential enclave of those surrounding communities mentioned herein. Take a look at the business labeled area map of the immediate vicinity and one can only imagine the future potential growth this property may reap as the community evolves. Downtown Burlingame Location: As noted; the subject property is centered in the epicenter of Downtown and is a mere stones throw away from Burlingame Avenue. New construction surrounds the property and is driving further growth by attracting additional retail, restaurants and offices. In front of and adjacent to the subject property is an abundance of both short and long term public parking. Public transportation corridors are also in the immediate vicinity: CalTrain, SamTrans, SFO, US101 and Interstate 280. Additionally, the subject property is located in the robust “Howard Mixed Use” zoning, see attached zoning information. Attributes: The building offers: street retail, office suites- large and small, common area and easy access to abundant parking. The subject property has been meticulously cared for and upgraded by its current ownership with maintenance capital improvements as well as upgrades vital to the continued attraction to its constituents. These elements make this attractive choice for tenants. The multi-tenant platform of office and retail is provides a hedged tenant mix for its ownership. Key Data Points: • ± 7,763 SqFt Parcel (Per Realist Tax Records) • ± 6,630 SqFt Building (Per Floor Plan Visuals) • 13 Office Suites • 3 Retail Suites; Facing Park Road • ± 1,080 SqFt of Common Area (Per Floor Plan Visuals) • Common Area Restrooms on First Floor • Lush, Serene Inner Courtyard Area for “Common” Enjoyment • Upgraded & Separately Metered Utilities • Mixed Professional Rent Roll with mostly short term Leases in place. • Mini Splits Serving Units w/ HVAC • Abundant Short Term & Long Term Parking Surrounding the Property. • Downtown Burlingame - HMU (Howard Mixed Use) Zoning • Comprehensive Disclosure Package Available Upon Request • Please Contact Listing Agent for Offers and Related Info!

FOR SALE DETAILS

PRICE

$6,992,000 USD

PRICE/SF

$1,165 USD /SF

CAP RATE

1.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

HMU

APN/PARCEL ID

029-203-030

ASK ABOUT THIS PROPERTY

Gregory TerryCompassMore Info
650-685-2341

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Gregory TerryCompassMore Info
650-685-2341

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