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REA
October 23, 2019  

SF-Area Offices, Buildable Site Listed

A Bay Area office building and an adjacent parcel are up for grabs with an estimated value of $73 million.The 163,000-square-foot Atrium, in San Mateo, Calif., is 91% leased. The Class-A building is worth about $72 million, or $441/sf, which would translate to an initial annual yield of 6.9%. The nearly one-acre parcel, valued at about $1 million, could be used for the development of 5,000 sf of offices or 3,200 sf of medical offices.Cushman &...


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