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220 Park Road

Dostart Development And Sares Regis Group Fully Lease 220 Park Road Office To AppLovin
LEASEDOffice

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:

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

Steve Dostart

Dostart Development

Landlord

1 deal

Landlord
AppLovin
AppLovinTenant

Burlingame Office Market Snapshot

Boundary boundary · Office · Lease transactions

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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