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
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