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1021 Burlingame Ave 13,134 SF Office Building Burlingame, CA 94010 $12,563,280 CAD ($956.55 CAD/SF)
INVESTMENT HIGHLIGHTS
- 13,134 SF building on an approximately 15,000 square feet of land in the heart of Downtown Burlingame.
- Asking rents for new office construction product is in the $8.00 per square foot NNN range.
- Overall the location is excellent. Walkability to the Caltrain and Downtown Burlingame retail, will allow for a significant pricing premium on site.
- Encompassing three major metropolitan areas and nine counties, the San Francisco Bay Area is one of the nation’s more prominent geographies.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
13,134 SF
Building Class
B
Year Built
1927
Price
$12,563,280 CAD
Price Per SF
$956.55 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
6,567 SF
Building FAR
0.89
Lot Size
0.34 AC
Zoning
MMU - Myrtle Mixed Use
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Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 029-214-010 | Improvements Assessment | $470,807 CAD |
| Land Assessment | $717,346 CAD | Total Assessment | $1,188,153 CAD |
PROPERTY TAXES
Parcel Number
029-214-010
Land Assessment
$717,346 CAD
Improvements Assessment
$470,807 CAD
Total Assessment
$1,188,153 CAD
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1021 Burlingame Ave
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