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
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.
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