Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire Kahala Tower in Burlingame, California. The subject property is a multi-tenant office development situated on a 1.87-acre site. The existing improvements include a seven-story office building with approximately 54,842 square feet of net rentable area and a two-story building with restaurant, office, and storage space that totals about 4,337 square feet. The larger building is configured with 65 tenant suites that have an average size of 844 square feet, while the smaller building has three tenant spaces that average 1,446 square feet. Currently, the property is 86% occupied by 59 tenants; there are nine vacant tenant suites. Kahala Tower has a prime location in an area that is undergoing significant growth. The property is near several major redevelopment projects that are either proposed or currently under construction.