Burlingame Offices Sold by CalCPA for $15M

Burlingame Offices Sold by CalCPA for $15M

CBRE’s Capital Markets team in San Francisco successfully brokered the sale of 1710 Gilbreth in Burlingame for $15.1 million to a private investor. Representing the seller, California Society of Certified Public Accountants (CalCPA), were Kyle Kovac, Mike Taquino, Joe Moriarty and Giancarlo Sangiacomo. The three-story office building was built in 1950 and underwent significant renovations including new exteriors, interiors and structural retrofit during 2017.

Demand from office and R&D tenants throughout the San Francisco Peninsula increased significantly this year with more than 2.1 million square feet being absorbed according to CBRE Research data; Burlingame had one of the lowest vacancy rates on the Peninsula as well as net absorption rate that exceeded expectations . CalCPA recently relocated its headquarters to Sacramento where it is expanding its presence while continuing to support professional growth & development for certified public accountants across California .
Connect Orange County will take place Sept 27 2023 at VEA | Newport Beach Marriott concurrently with Connect Healthcare Real Estate on Sept 27 & 28 – registration links are available here: [insert link]. This latest transaction further highlights CBRE’s expertise when it comes to brokering commercial real estate sales within California’s Bay Area marketplaces such as Burlingame .

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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