About This Investment
This Class A office building asset—offering approximately 188,000 rentable square feet is conveniently situated immediately off of Highways 92 and 101 in San Mateo, California. The asset was acquired by Wafra on behalf of its client in July of 2016.
The office building was constructed in 1985 and extensively repositioned into a multi-tenant asset between 2012 and 2016. The property’s unique design features, coupled with the extensive renovation have enhanced the appeal of this asset, making it one of the more desirable Class A office buildings in its immediate submarket. The property features floor-to-ceiling windows with expansive water views and balconies from the fourth to the seventh floors providing desirable and rare private outdoor space. Additional amenities include an on-site training facility, a fitness center, and a café offering freshly prepared foods. The property is also equipped with redundant power to the entire premises and can offer excess cooling capacity to technology driven tenants.