Matthews™ Sells Office Property to International VC Fund for 3.12% CAP

Secured Global Buyer for Property in Burlingame, CA

 

Burlingame, CA —  Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, completed the sale of The Clock Tower, an office building located at 20 Park Road, Burlingame, CA. Matthews™ Vice President Marko Buljan facilitated the transaction.

 

The Clock Tower, featuring 6,815 buildable square feet, sold for $5,400,000, $650,000 above the listing price, achieving a 3.12% cap rate. Its prime location, within walking distance of downtown Burlingame, and strong market appeal attracted multiple offers.

 

The buyer, Sazze Partners, a VC firm from South Korea, acquired the asset to establish a U.S. office.

 

“The transactions team efficiently managed multiple purchase contracts, and the marketing team developed exceptional materials that captured the attention of buyers worldwide,” Buljan said. “This demonstrates Matthews™ ability to deliver results for clients through streamlined processes and a global reach.”

 

For more information or to contact a Matthews™ specialized agent, please visit
www.matthews.com.

 

About Matthews™

Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 25+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.