Park Place @ Bay Meadows_Property for Sale
Park Place @ Bay Meadows_Property for Sale
1000-1100 Park Pl, San Mateo, CA, 94403-7110, US

Park Place @ Bay Meadows

Asset Description

Jones Lang LaSalle Americas, Inc., (“JLL”), has been exclusively retained, and is pleased to present the one of a kind opportunity to acquire the fee simple interest in Park Place @ Bay Meadows (“Park Place” or the “Property”), a 258,233 square foot, transitoriented 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 center, 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 6.7 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.

...

Attributes

Building area Gross
2,654 m²
Occupancy
100.00%
Year built
2003

Media

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 in-place 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

Contact brokers

Park Place @ Bay Meadows (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
30 Nov 2022