Updated Oct 28, 2024
Finn Capital Acquires Burlingame Industrial Property For $55M
1649 Adrian Road, Burlingame, CA, USA
$55,000,000
$197/SF
Building Size
278,905 SF
Asset Type
Industrial
Closing
Jul 19, 2020
About this deal
AI
An industrial property located at 1649 Adrian Road in Burlingame has been sold for $55,000,000. The property spans a total of 278,905 square feet, with a price per square foot of $197.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $55,000,000
- Address: 1649 Adrian Road
- Market: Burlingame
- Buyer: Finn Capital
- Brokers: Tim Maas, Mike Davis, Tony Crossley & Darren Kuiper - Colliers
The sale was facilitated by Tim Maas, Mike Davis, Tony Crossley, and Darren Kuiper from Colliers, who represented Finn Capital in the transaction.
On the Map
$55,000,000
$197/SF
Industrial
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Players
Burlingame Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93