Updated Oct 28, 2024
Barings Acquires Office Property In Burlingame, San Francisco For $170M
555-577 Airport Blvd, Burlingame, CA, USA
$170,000,000
$1,150/SF
Building Size
147,784 SF
Asset Type
Office
Closing
Jul 30, 2020
About this deal
AI
The office property located at 555-577 Airport Blvd in Burlingame, San Francisco has been sold for a total of $170,000,000. The transaction took place on July 30, 2021. The property spans an area of 147,784 square feet, resulting in a price per square foot of $1,150. The buyer of this property is Barings.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $170,000,000
- Address: 555-577 Airport Blvd, Burlingame, San Francisco
- Market: Burlingame, San Francisco
- Square Footage: 147,784
- Price per Square Foot: $1,150
- Buyer: Barings
Mike Freno captured an image of the property, showcasing its appeal.
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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93