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333 Gellert Boulevard, Daly City, CA 94015; Office Building for sale; B-1 in San Mateo County

333 Gellert Boulevard, Daly City, CA 94015; Office Building for sale; B-1 in San Mateo County


Property Details
Price Not Disclosed
Building Size
61,557 SF
Property Type
Property Sub-type
Office Building
Property Use Type
Cap Rate
No. Stories
Building Class

Property Description

333 Gellert Boulevard is comprised of a single 2-story office building with approximately 61,557 net rentable square feet of multi-tenant medical and professional office space. It has access to a total of 828 parking spaces through sharing arrangements established in the CC&R’ s for Serramonte Plaza. Built in 1977, 333 Gellert Boulevard is favored by tenants occupying relatively small office sizes who desire the conveniences offered by the Property’ s attractive environment and its numerous nearby amenities. The Property primarily serves those tenants whose clientele live or work in the local community. Currently, the Property is 90% leased, with 52 tenants occupying the premises. The Property’ s primary amenity is a central atrium courtyard that is extensively landscaped, well lit by open air skylights, and accented by a cascading tri-level fountain with surrounding seating for tenant use.

Location Description

333 Gellert Boulevard is located just south of the most densely populated area of Daly City and at the center of the area with the highest employment density. Daytime employment in the area is estimated at over 35,000. This central location is the Property’ s key advantage. The primary businesses in this area are companies that focus on the needs of the local community including medical and dental practitioners, title companies, attorneys, and accountants. The Property is well located to several large transportation hubs, with the following services in the area: San Francisco International Airport (8 miles southeast), the Colma BART station (2 miles north), the South San Francisco BART station (2 miles east), Daly City BART station (3 and half miles north), SamTrans bus transportation accessed along Gellert Boulevard, and Interstate 280 access ¼ mile from the Property. The Daly City BART station is one of the busiest in the system, serving over 65,000 riders per day. Another advantage of the Property is its proximity to employment centers in San Francisco, the Peninsula, and Silicon Valley.

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