Listed by Marcus & Millichap - Palo Alto
$2,250,000
216 N San Mateo Dr
Details
APN 032-198-230
Property Type Office
Sub Type Executive Office
Square Footage 2,796
Units 1
Occupancy 100%
Year Built 1900
Lot Size (SqFt) 8,412
Zoning EA00E2
Office | 2,796 SqFt
Marketing description
216 N San Mateo Dr is an exceptional ofce investment opportunity located in the
thriving city of San Mateo, California.
The subject property is situated on a 8,412 square foot parcel of land and has a gross
building area of approximately 2,796* square feet, offering a spacious ofce oor
plan across two stories.
San Mateo is strategically located between San Francisco and San Jose. The city is well
situated and offers an ideal climate in a robust and successful community and region.
San Mateo offers a vibrant business and retail environment with several major shopping
centers and an active downtown area. Many notable attractions in the city include the
many street retailers lined along North El Camino Real, the popular Hillsdale Shopping
Center, and San Mateo Medical Center.
216 N San Mateo Dr is within one mile to San Mateo Central Park and Downtown San
Mateo, featuring a myriad of high-end shopping, dining and entertainment options. The
subject property is also located within close proximity to the major transportation
corridors of U.S. Highway 101, California State Route 92, the San Mateo Caltrain Station,
and the major thoroughfare of El Camino Real. These transportation hubs provide
employees with convenient access from San Francisco and San Jose and is within close
proximity to many of the nation's top tech employers including Google, Facebook,
Stanford, Box Inc., Visa, Sony as well as many others.
The investment appeal of this asset is driven by San Mateo's strong employment
fundamentals and low vacancy levels. With a world-class location in the heart of the
Peninsula, 216 N San Mateo Dr presents an attractive choice for investors due to its
close proximity to major employers, transportation corridors, shopping, dining and
entertainment options.
Investment highlights
- Exceptional Mid-Peninsula Investment Opportunity - Investors have the opportunity to acquire a well-located office asset in one of the most dynamic and desirable locations in the Bay Area.
- Prime Location - Employees are just two blocks away from Downtown San Mateo, home to a myriad of shopping, dining and entertainment options.
- Convenient Access to Transportation Corridors - The subject property provides convenient access to the major transportation corridors of U.S Highway 101, California State Route 92, the San Mateo Caltrain Station, and the major thoroughfare of El Camino Real.
- Proximity to Nation's Top Employers - Throughout the Bay Area and Silicon Valley, there are many renown employers including 38 Fortune 500 companies. Recognizable names include Google, Meta (Facebook), Netflix, Apple, Salesforce, Wells Fargo, Microsoft, Cisco, Chevron, Box Inc., Visa, Sony, and many others.
Listing Contacts
Listed by Marcus & Millichap - Palo Alto
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