The Ida Group

BURLINGAME: 329 PRIMROSE RD

OFFERED AT $11,200,000

CAP Rate: 4.37% | Rentable SF: 8,877 | Lot Size: 0.12 AC | Year Built/Renovated: 1945/2012

Investment Highlights

  • USPS Exercised 5-year option that commences January 1st, 2020

  • One Medical recently announced a $350 million investment from The Carlyle Group

  • One Medical earlier financing rounds included investments from Benchmark Capital, Google Ventures, Maverick and JP Morgan

  • Located half a block off of Burlingame Avenue

  • Two-story Office/Retail building totaling 8,877 square-feet

  • Strategically located in the heart of Downtown Burlingame, between San Francisco and Silicon Valley

  • Below-market rents offer upside for the new owner

  • Approximately two blocks from the Burlingame Caltrain Station

  • Downtown Burlingame is home to some of the nation’s elite retailers