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3155 Clearview Way

Terry Fancher Stockbridge And Preston O’Connell Tyler Issadore Harvest Properties Acquire Clearview Business Park For $102M
SOLDOffice

Terry Fancher Stockbridge And Preston O’Connell Tyler Issadore Harvest Properties Acquire Clearview Business Park For $102M

3155 Clearview Way

$102,000,000

$268/SF

Building Size

379,615 SF

Asset Type

Office

Closing

Sep 3, 2025

AI

The Clearview Business Park located at 3000–3155 Clearview Way in San Mateo is an office property comprising 379,615 square feet on a 22-acre site. The property was sold for $102,000,000, equating to a price per square foot of $269. It is partially leased to GoPro through 2026.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $102,000,000
  • Square Footage: 379,615 SF
  • Address: 3000–3155 Clearview Way
  • Market: San Mateo
  • Acres: 22

Terry Fancher - Stockbridge, along with Preston O’Connell and Tyler Issadore - Harvest Properties, were involved in this transaction, acquiring the property with plans to redevelop it into a residential community featuring up to 225 for-sale homes, of which 15% will be designated as affordable housing, accommodating approximately 700 residents.

Players

Terry Fancher

Stockbridge

Buyer

$1.8B

vol

19 deals

Buyer
Harvest Properties
Harvest PropertiesBuyer

San Mateo 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

0.16%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93