Updated May 22, 2025
Sazze Partners Acquires The Clock Tower Office Building In Burlingame For $5.4M
20 Park Road
$5,400,000
$792/SF
Building Size
6,815 SF
Asset Type
Office
Closing
May 21, 2025
About this deal
AI
The Clock Tower office building, located at 20 Park Road in Burlingame, has been sold for $5.4 million. This office asset spans 6,815 square feet, resulting in a price per square foot of $792 in the market of Burlingame.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,400,000
- Buyer: Sazze Partners
- Broker: Marko Buljan - Matthews Real Estate Investment Services
- Sale Date: 05/21/2025
Sazze Partners, a South Korean venture capital firm, acquired the property to establish its U.S. office. The transaction was managed by Marko Buljan of Matthews Real Estate Investment Services, reflecting the involvement of a specialized brokerage in this deal.
Players
Burlingame Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Marko Buljan to view all their deals.
Browse Burlingame office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93