Updated Oct 28, 2024
Woodstock Development Acquires One Bay Plaza Office In Burlingame For $88.2M
One Bay Plaza, 1350 Bayshore Hwy, Burlingame, California 94010, United States
$88,200,000
$450/SF
Building Size
196,000 SF
Asset Type
Office
Closing
Jan 25, 2022
About this deal
AI
Woodstock Development has acquired an office property located at One Bay Plaza in Burlingame. The transaction was facilitated by Kirk Syme representing Woodstock Development. The seller of the property was Iron Point Partners.
Summary of transation details
- Property Type: Office
- Transaction Amount: $88,200,000
- Address: One Bay Plaza
- Market: Burlingame
- Buyer: Woodstock Development - Kirk Syme
- Seller: Iron Point Partners
The office property spans approximately 196,000 square feet, with a price per square foot of $450.
Please note that no additional information regarding the property or the transaction is available.
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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93