Updated Oct 28, 2024
King Street Properties Acquires Burlingame Office Building For $45.2M
1499 Old Bayshore Highway, Burlingame, California 94010, United States
$45,200,000
$150/SF
Building Size
300,000 SF
Asset Type
Office
Closing
Mar 23, 2022
About this deal
AI
Located at 1499 Old Bayshore Highway in Burlingame, this office property recently changed hands in a sale transaction. The property spans over 300,000 square feet and is situated in the Burlingame market. The sale was completed on the 24th of March 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $45,200,000
- Price per Square Foot: $150
King Street Properties, represented by Sonia Taneja, acted as the buyer in this transaction. They acquired the property for a total of $45,200,000. The purchase price translates to around $150 per square foot.
Players
Burlingame Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse California office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93