Dostart Development And Sares Regis Group Fully Lease 220 Park Road Office To AppLovin
220 Park Road
Building Size
—
Asset Type
Office
Closing
Feb 19, 2026
AI
The 220 Park office building, located at 220 Park Road in Burlingame, encompasses approximately 185,000 square feet of office space. Recently, the asset has achieved full occupancy with all available spaces leased, including the new headquarters for AppLovin. The building is situated in a market that is experiencing a transformation into a mixed-use business hub, making it attractive to investment-grade tenants moving from traditional tech centers in Silicon Valley.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 220 Park Road
- Market: Burlingame
- Landlord: Steve Dostart - Dostart Development; Rob Wagner - Sares Regis Group
- Tenant: AppLoving
This transaction involved key players in the commercial real estate sector, with Steve Dostart representing Dostart Development and Rob Wagner representing Sares Regis Group. Their collaboration has driven the leasing success of 220 Park, reflecting the ongoing demand for modern office space in the area.
Players
Burlingame Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93