Britannia Seaport Centre - 500 & 600 Saginaw Drive - 500 Saginaw Drive, Redwood City, CA

Property Type Office
Property Size 89,000 SF
Lot Size 2.51 Acre
Parking Spaces Avail. 267
Parking Ratio 3.00/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 1988

Location

Map
Street

City Redwood City, CA
Neighborhood Harbor
Zip Code 94063
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 05 Jul, 2005
Purchase Price
Arm's Length True
Buyer Name

Market Trends

Average Actual Rents in Redwood City

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 Redwood City Office Market

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

2020 Avg. Asking Rent $72.62
2020 Office Vacancy Rate 9.05%
2020 Office Completions (SF) 102,079

View more Redwood City market trends

Tax

Property Tax in 2021-2022 $503,719
Market Value* $46,306,213
Assessed Value $46,306,213

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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 Britannia Seaport Centre - 500 & 600 Saginaw Drive?

Britannia Seaport Centre - 500 & 600 Saginaw Drive totals 89,000 square feet.

When was this property built?

Britannia Seaport Centre - 500 & 600 Saginaw Drive was built in 1988.

When was Britannia Seaport Centre - 500 & 600 Saginaw Drive last sold?

Britannia Seaport Centre - 500 & 600 Saginaw Drive was last sold on 05 Jul, 2005.

What is the property tax for Britannia Seaport Centre - 500 & 600 Saginaw Drive?

The property tax for Britannia Seaport Centre - 500 & 600 Saginaw Drive in 2021-2022 was $503,719.

What is the market value for Britannia Seaport Centre - 500 & 600 Saginaw Drive?

The market value* for Britannia Seaport Centre - 500 & 600 Saginaw Drive in 2021-2022 was $46,306,213.
*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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