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1815 Bayshore Hwy 9,575 SF Industrial Building Burlingame, CA 94010 $3,650,000 ($381.20/SF) 6.36% Cap Rate
Executive Summary
The subject property, located at 1815 Bayshore Hwy, Burlingame, CA, is a Class B, Flex space industrial property located in the Burlingame submarket. It is currently Occupied by Hertz and used as a rental car facility which benefits from the Proximity to San Francisco international airport. The tenant has occupied the Property since 1990. Recent Phase II environmental report completed.
Property Facts Under Contract
| Price | $3,650,000 | Lot Size | 0.65 AC |
| Price Per SF | $381.20 | Rentable Building Area | 9,575 SF |
| Sale Type | Investment NNN | No. Stories | 2 |
| Cap Rate | 6.36% | Year Built | 1967 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 2.4/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Zoning | ML00M1 | ||
| Price | $3,650,000 |
| Price Per SF | $381.20 |
| Sale Type | Investment NNN |
| Cap Rate | 6.36% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.65 AC |
| Rentable Building Area | 9,575 SF |
| No. Stories | 2 |
| Year Built | 1967 |
| Tenancy | Single |
| Parking Ratio | 2.4/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | ML00M1 |
Utilities
- Water - City
- Sewer - City
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Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 024-401-500 | Improvements Assessment | $677,956 |
| Land Assessment | $881,392 | Total Assessment | $1,559,348 |
Property Taxes
Parcel Number
024-401-500
Land Assessment
$881,392
Improvements Assessment
$677,956
Total Assessment
$1,559,348
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1815 Bayshore Hwy
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