LEASEDOffice
SkyKnight Capital Relocates HQ To 10,000 SF Office In Burlingame By July 2025
220 Park Road
Building Size
10,000 SF
Asset Type
Office
Closing
Jun 25, 2024
AI
Located at 220 Park Road in Burlingame, the 10,000-square-foot office space is the new headquarters for SkyKnight Capital, which will be relocating from San Francisco due to outgrowing its current offices.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 220 Park Road
- Market: Burlingame
- Landlord: Dostart Development Company & Sares Regis Group
- Tenant: Mara Hunt - SkyKnight Capital
- Landlord's Rep: Ben Paul, Marc Pope - Cushman & Wakefield; Christian Prelle - Newmark
- Tenant's Rep: Ryan Adlesh - CBRE
SkyKnight Capital, a private equity firm with assets over $3.5 billion, will be moving 30 employees to the new location as part of its expansion plans in July 2025.
Players
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