808-806 Edgehill Drive-Residential/ Retail 808 Edgehill Dr 4,691 SF Retail Building Burlingame, CA 94010 $2,998,000 ($639.10/SF) 4.89% Cap Rate

Please contact Cole Simpson at Cole.Simpson@marcusmillichap for additional information.

806-808 Edgehill Dr is a highly desirable mixed-use asset located in the thriving city of Burlingame, California. Situated on a parcel of land totaling 3,624 square feet, the subject property was originally constructed in 2005 and features a gross building area of 4,691 square feet, offering its tenants beautifully-designed two-bedroom and retail floor plans.
The duplex features four garage spaces, in-unit washers and dryers and provides easy access to Burlingame Ave. The vacant retail suite offers 1,600 square feet of versatile space in a shell condition, equipped with a fire sprinkler system and three-phase power to accommodate a wide range of uses. Additionally, the property is equipped with individual water meters and an owned solar panel system, allowing for reduced utility costs and enhanced long-term energy efficiency.
Burlingame is strategically located between San Francisco and San Jose. The city is well situated and offers an ideal climate in a robust and successful community and region. The city offers a vibrant business and retail environment with several major shopping centers and an active downtown area. Many notable attractions in the city include the many street retailers lined along the popular parallel retail streets Broadway Ave and Burlingame Ave.
The investment appeal of this asset is driven by Burlingame's strong employment fundamentals, low vacancy levels, and moderate climate. With a world-class location in the heart of the Peninsula, 806-808 Edgehill Dr presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.