Bridgepointe Shopping Center_Property for Sale
Bridgepointe Shopping Center_Property for Sale
3000 Bridgepointe Parkway, San Mateo, CA 94404

Bridgepointe Shopping Center

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in Bridgepointe Shopping Center (the “Property”), a trophy community center in San Mateo, California.


Positioned with 1,400 linear feet of frontage along Highway 92, Bridgepointe Shopping Center is the San Francisco Peninsula’s premier community center. The Property serves an expansive, affluent customer base and is the first-choice location for tenants.


Following a transformative capital investment program, the Property is 100% leased to a best-of-the-best tenant lineup including Ross Dress for Less, Marshalls, Nordstrom Rack, Total Wine & More, Chick-Fil-A, Five Below, The Container Store, Benihana, and other category-dominant tenants. The center’s exceptional foot traffic is bolstered by two of the country’s highest performing Target and The Home Depot locations as shadow anchors. Bridgepointe features secure and diversified cash flow from an unparalleled merchandising lineup.


The Property offers the extremely rare opportunity to own and control 24 acres of irreplaceable infill real estate in the heart of the Bay Area. Bridgepointe Shopping Center is a generational offering of the San Francisco Peninsula’s preeminent retail destination.

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Attributes

Building area net
21,526 m²
Land area net
9.59 ha
Occupancy
100%
WAULT
7.5 years
Year built
1998
Year renovated
2023
Parking spaces
1,261

Media

Investment Highlights

  • THE SAN FRANCISCO PENINSULA’S PREMIER COMMUNITY CENTER
  • 100% LEASED WITH SECURE CASH FLOW FROM BEST-IN-CLASS TENANTS
  • OWNERSHIP & CONTROL OF 24 ACRES IN THE HEART OF THE BAY AREA
  • IRREPLACEABLE INFILL LOCATION ALONG HIGHWAY 92
  • SUCCESSFUL RECENT LEASING ACTIVITY WITH OVER 126,000 SF OF NEW LEASES SIGNED
  • SHADOW-ANCHORED BY MAJOR RETAILERS TARGET AND THE HOME DEPOT
  • RECESSION RESISTANT, GROCERY ANCHOR DRAW
  • EXCEPTIONAL CONSUMER SPENDING DATA IN ONE OF THE WORLD’S MOST AFFLUENT MARKETS
  • SURROUNDED BY LIFE SCIENCE CAMPUSES WITH IN-PERSON WORK REQUIREMENTS
Bridgepointe Shopping Center 4_Property for Sale
Bridgepointe Shopping Center 4_Property for Sale

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Bridgepointe Shopping Center (0 Properties)

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Last updated
16 May 2024