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1710 Gilbreth Rd Ste 100

CalCPA Sells Renovated Burlingame Office Building For $15.1M
SOLDOffice

CalCPA Sells Renovated Burlingame Office Building For $15.1M

1710 Gilbreth Rd Ste 100

$15,100,000

$437/SF

Building Size

34,504 SF

Asset Type

Office

Closing

Aug 18, 2023

AI

The California Society of Certified Public Accountants (CalCPA) has sold a renovated three-story office building located at 1710 Gilbreth Road in Burlingame. The office building was sold for $15.1 million to an undisclosed buyer. The property encompasses a total area of 34,504 square feet and has a price per square foot of $438.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $15,100,000
  • SF: 34,504
  • PPSF: $438
  • Address: 1710 Gilbreth Road
  • Market: Burlingame

The sale of the office building was facilitated by the San Francisco Capital Markets team at CBRE. The California Society of Certified Public Accountants (CalCPA) was represented by Kyle Kovac, Mike Taquino, Joe Moriarty, and Giancarlo Sangiacomo, who are brokers from CBRE. The buyer's identity remains undisclosed.

Players

Joseph Moriarty

CBRE

Broker

$483.7M

vol

9 deals

Broker

Burlingame Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.05%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93