
Parallel on Fourth
405 East 4th Avenue, San Mateo, CA, 94401, US
6,620 平方米
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.