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
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