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Burlingame, CA

1110 Burlingame Ave

Posted In — Success Stories |
2
years

Sitting vacant

2
Months

After engaging the team, a lease was signed

$3.25
SF NNN

Lease rate

Situation

This space had been sitting vacant for over two years with interior improvements that had not be updated since the late 80’s. Our team strategized with the ownership and developed a construction plan to modernize the space. Construction budget was a huge factor so we had to be smart with the changes we made to keep the cost down and create a favorable impact on the space.

Result

Within two months of engagement with the team, we delivered a signed lease to the landlord. The owner’s original goal of obtaining an asking rate of $2.50/SF Full Service was exceeded by restructuring the lease to a NNN structure and obtaining a $3.25/SF NNN lease rate.

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Before

After

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