Park Place at Bay Meadows_Immobilie zu verkaufen
Park Place at Bay Meadows_Immobilie zu verkaufen
San Mateo, CA, US, Americas

Park Place at Bay Meadows

Portfoliobeschreibung

Jones Lang LaSalle Americas, Inc., (“JLL”), has been exclusively retained, and is pleased to present the unparalleled opportunity to acquire the fee simple interest in Park Place @ Bay Meadows (“Park Place” or the “Property”), a 258,213 square foot, transit-oriented office/retail mixed-use project located in one of the Peninsula’s most dynamic live, work, play environments. Situated on 6.6 acres, the offering includes two trophy mixed-use buildings and one grocery anchored retail building, which are leased to some of the world’s most credit worthy tenants Whole Foods (Amazon), Meta, Essex, Zynga (Take-Two Interactive) and UCSF Health. The Property is currently 100% leased with 5.3 years of weighted average lease term remaining and investment grade credit covering 88% of the rent roll, creating one of the only true core investment opportunities on Caltrain. Additionally, with modern, post-2000’s construction, significant recent landlord investment and prestigious LEED certifications, Park Place provides investors with some of the most premier creative office space in the Bay Area.


Park Place @ Bay Meadows offers investors the one-of-a-kind opportunity to acquire an institutional quality, mixed-use asset of scale with investment grade credit, long-term WALT and unmatched access in one of the Bay Area’s most competitive investment markets.

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Eigenschaften

Gebäudefläche Brutto
23.989 m²
Grundstücksfläche Brutto
2,67 Hektar
Vermietungsstand
100 %
WAULT / DRMV
5.3 Jahre
Park Place at Bay Meadows (3 Objekte)
Park Place at Bay Meadows (3 Objekte)

Medien

Investment-Highlights

  • ONE-OF-A-KIND OPPORTUNITY TO ACQUIRE A MIXED-USE TROPHY ASSET ON THE SAN FRANCISCO PENINSULA
  • HIGH PROFILE INVESTMENT GRADE TENANCY OCCUPYING 88% OF THE RENT ROLL
  • GROCERY ANCHORED AND NATIONALLY RECOGNIZED RETAIL ROSTER
  • EXTREMELY RARE ABILITY TO ACQUIRE “SCALE ON RAIL”
  • STRONG INPLACE YIELDS WITH DIVERSE LONG-TERM CASH FLOW
  • IRREPLACEABLE, AMENITY-RICH ENVIRONMENT IN SAN MATEO’S BAY MEADOWS
  • SUPERIOR ACCESS AND VISIBILITY ON THE BAY AREA’S MAIN THOROUGHFARE
Park Place at Bay Meadows 4_Immobilie zu verkaufen
Park Place at Bay Meadows 4_Immobilie zu verkaufen

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Zuletzt aktualisiert
7. März 2024