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225 California Drive

Off-Market

225 California Drive, Burlingame, CA 94010

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  • Property Type Office - General Office
  • Property Size 45,055 Sqft
  • Lot Size 0.4 Acre
  • Parking Spaces Avail. 135
  • Parking Ratio 3.01/ 1,000 SF
  • Property Tenancy Single Tenant
  • LEED Certified Gold
  • Building Class A
  • Year Built 2018

Location

  • City Burlingame, CA
  • Zip Code 94010
  • Market San Francisco

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Origination Date

Market Trends

Average Actual Rents in Burlingame

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Burlingame Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $53.98
  • 2020 Office Vacancy Rate 11.72%
  • 2020 Office Completions (Sqft) 703,600
View more Burlingame market trends

Tax

  • Property Tax in 2021-2022 $428,417
  • Market Value $37,845,981
  • Assessed Value $37,845,981

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 225 California Drive?

225 California Drive totals 45,055 square feet.

When was this property built?

225 California Drive was built in 2018.

What is the property tax for 225 California Drive?

The property tax for 225 California Drive in 2021-2022 was $428,417.

What is the market value for 225 California Drive?

The market value for 225 California Drive in 2021-2022 was $37,845,981.

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