500 Airport Blvd, Burlingame, CA

Property Type Office - General Office
Property Size 139,392 SF
Lot Size 3.2 Acre
Parking Spaces Avail. 292
Parking Ratio 2.10/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1979

Location

Map
Street

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 Date 15 Oct, 2015
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date
Loan Maturity 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

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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 (SF) 703,600

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Tax

Property Tax in 2021-2022 $325,379
Market Value* $28,434,797
Assessed Value $28,434,797

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 500 Airport Blvd?

500 Airport Blvd totals 139,392 square feet.

When was this property built?

500 Airport Blvd was built in 1979.

When was 500 Airport Blvd last sold?

500 Airport Blvd was last sold on 15 Oct, 2015.

What is the property tax for 500 Airport Blvd?

The property tax for 500 Airport Blvd in 2021-2022 was $325,379.

What is the market value for 500 Airport Blvd?

The market value* for 500 Airport Blvd in 2021-2022 was $28,434,797.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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