San Mateo Centre | San Mateo, CA
Three-building, 218,000 sq. ft. office property
Investment Opportunity at Acquisition
- Situated midway between the Bay Area’s key employment centers in Silicon Valley and San Francisco and in close proximity to commuter trains.
- Office market, which benefits from tightening in leasing Silicon Valley and San Francisco, has seen 11 consecutive quarters of growth in average asking rents and declining vacancy rates year-over-year.
- Plan to upgrade the property’s landscape, lobbies, restrooms and outdoor amenity space in order to improve curb appeal and increase occupancy and rental rates.
Strategy
- Lease-up, Renovation
