The Offering
CBRE, as exclusive advisor, is pleased to present the outstanding opportunity to acquire the fee simple interest in 1720 El Camino Real (the “Property” or “Building”), a ±91,396 square foot medical office building located in Burlingame, CA. Totaling ±3.72 acres, the Property is adjacent to the Sutter Health Mills-Peninsula Hospital and is located just 1 mile from Highway 101 and 0.6 miles from the Millbrae BART and Caltrain stations. The Property is 91% leased to a variety of medical office users for a weighted average remaining lease term of almost four years and 45% of the net rentable area expiring over the next three years, offering a stable cash flow and access to the rent roll in the near term.
Offering Summary
| Address | 1720 El Camino Real |
| City / State | Burlingame, CA |
| Year Built | 1950s to 1980s |
| Total Rentable Area | ±91,396 Square Feet |
| Floors | Three |
| Site Area | ±3.72 Acres |
| % Leased | 91% |
| # of Tenants | 20 |
| Parking Ratio | 4.9 spaces per 1,000 square feet |
| Major Tenants | Mills Peninsula Hospital (25% of NRA; Lease Expiration: December 2020) |
| Peninsula Endoscopy Center (11% of NRA; Lease Expiration: October 2026) | |
| DaVita (7% of NRA; Lease Expiration: June 2017) |
Contact Information
Investment Contacts
Seth McKinnon
Vice President
+1 415 772 0165
Lic. 01842040
seth.mckinnon@cbre.com
Chris Bodnar
Executive Vice President
+1 303 628 1711
Lic. 01892501
chris.bodnar@cbre.com
Lee Asher
Executive Vice President
+1 404 504 5965
Lic. in Georgia
lee.asher@cbre.com
Debt & Structured Finance
Brad Zampa
Executive Vice President
+1 415 772 0225
Lic. 01174366
brad.zampa@cbre.com
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