Kidder Mathews Industrial Team Sells Burlingame Warehouse

Comp Details:

Address:   1616-1636 Gilbreth Road, Burlingame, CA

Seller:    Max Hansen & Sons

Buyer:   Kael Foods

RBA SF:  30,000

Lot size:  1.62 AC (70,567 SF)

Selling price:  $4,375,000 ($145.83/SF)

Type:  Industrial – Distribution Warehouse

This was an owner/user purchase.  The new owner plans on renovating the rear unit, while there are two tenants currently occupying the two front spaces.

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