KAHALA TOWER PRIME BAY AREA OFFICE BUILDING 851 BURLWAY ROAD BURLINGAME, CA
HWY 101 FRONTAGE
MARY ALAM, MBA CJ BRILL Senior Vice President Investment Advisor LOCATED IN THE O: 415.358.2111 O: 415.349.0147 HEART OF NEW TECH M: 415.297.5586 M: 310.793.6069 [email protected] [email protected] PRIME PENINSULA CalDRE #01927340 CalDRE #02073511 LOCATION 851 BURLWAY ROAD BURLINGAME, CA
CONFIDENTIALITY & DISCLOSURE AGREEMENT
The information contained in the following Investment Summary is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from NAI Northern California Investment Real Estate Brokerage and should not be made available to any other person or entity without the written consent of Broker. This Investment Summary has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Broker has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue occupancy of the subject property.
The information contained in the Marketing Brochure has been obtained from sources we believe to be reliable; however, Broker has not verified, and will not verify, any of the in- formation contained herein, nor has Broker conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential purchasers must take appropriate measures to verify all of the information set forth herein.” 851 BURLWAY ROAD BURLINGAME, CA
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 PROPERTY DESCRIPTION
3 LOCATION OVERVIEW
4 FINANCIAL ANALYSIS
5 PROPERTY PHOTOS
6 AREA ANALYSIS
7 REGIONAL OVERVIEW
8 COMPARABLES
9 D EMOGRAPHICS AND TRAFFIC COUNTS BAYSHORE HWY
EXECUTIVE SUMMARY
NAI Northern California, as exclusive advisor, is pleased to present the opportunity to purchase a prime Peninsula office asset with highway 101 frontage and visibility with incredible water and SALE PRICE: $35,000,000 mountain views and breathtaking sights of airplanes preparing to land at nearby San Francisco International Airport (SFO). The property, located off Old Bayshore highway in Burlingame, is a PRICE/SF: $540.62 100% leased seven story office building with a great mix of tenants specializing in architecture, medical and financial services, import/export, among others. The approximately 65,000 SF building is located on a highly coveted 1.87 acres, adjacent to the Hyatt Regency and near the Crowne Plaza NOI: $1,184,182 Hotel and major hospitality names serving nearby SFO. The property is also located in the midst a new tech corridor with a focus on Biotech in nearby South San Francisco and San Carlos and virtual MARKET CAP RATE: 5.35% reality with Facebook’s Oculus acquisition. The latter is projected to occupy 767,000 SF of office space just 2 miles South of the subject property. LOT SIZE: 1.87 Acres
This fully leased building offers an investor a prime Peninsula office asset with a highway 101 frontage and close proximity to downtown San Francisco, Silicon Valley, SFO and major area employers BUILDING SIZE: 64,740 SF and universities. It enjoys a highly coveted location in the San Francisco Bay Area known for its world class universities, the highest concentration of Fortune 500 headquarters, cutting edge BUILDING CLASS: B Silicon Valley high tech giants and the nation’s highest venture capital investments. Technology companies in the Bay Area raised more than $10 billion in the first three months of 2018. A total of APN: 026-112-130 408 companies were financed in the Bay Area during that time period, more than twice New York City, which was the next highest region. YEAR BUILT/REMODELED: 1964/2008 Among nearby landmarks this asset enjoys are Stanford University (20 miles), Visa Global Headquarters (6.8 miles), Genentech (7.6 miles), Oracle (7.8 miles), Facebook (15 miles), Google PARKING SPACES: 151 spaces (20 miles), Cisco (29 miles) among many others. The City of Burlingame is known for its high residential quality of life with a walkable downtown area and excellent public school system. It ZONING: Inner Bayshore boasts some of the highest personal incomes in the nation and expensive homes. The property enjoys easy access to Highways 101, 280, 380, 92 and others and is less than one mile from the MARKET: San Francisco Caltrain Broadway Station in Burlingame. PROPERTY DESCRIPTION
Property Overview • 64,740 SF Class B Office Building with Highway 101 frontage • 7 floors with 61 units ranging in size from 500-1900 SF 851 • Building exterior-Glass and Masonry BURLWAY ROAD • Floor to ceiling windows BURLINGAME, CA • Open floor plans-great for high tech space • Great Bay and City views • Direct Access to Highway 101 and easy access to 280 and 380 • Walking distance to many local amenities including many brand name hotels and restaurants and waterfront trails • Free shuttle to Millbrae intermodal Station connecting Caltrain, Bart, SFO and SamTrans. • High income demographics and high housing values • Major high tech within a few miles from the property • Stanford Hospital and biotech corridor nearby • Centrally located to emerging, new high tech developments • 3 miles South of San Francisco Airport • Bayshore commercial zoning-IB (Inner Bayshore)
Investment Overview • Below market rents with upside of 56% • Very attractive price per square foot of only $540.62 • Fully leased asset with a strong tenant mix • Very well maintained building with pride of ownership and new solar installation underway • High identity asset with highway 101 frontage and proximity to SFO and new tech • High office space demand location • Benefits from the booming economy of the San Francisco Bay Area • Highway 101 frontage with over 250,000 cars per day • High average household income in excess of $167,000 per year within a one mile radius • New solar installation
851 BURLWAY ROAD | BURLINGAME, CA 5 851 BURLWAY ROAD BURLINGAME, CA
PROPERTY IMPROVEMENT Solar 300 Kilowatts (kw’s) of solar tracking array were just approved to be installed at the property which will reduce the electricity bill annually by $161,195. 90 kw’s will be installed on the roof and 210 kw’s in the parking lot. Without having to replace any of the parking spaces, the panels in the parking lot will act as a canopy for parking. The panels are trackers which are on a hydraulic system, allowing them to constantly be facing the sun, maximizing the energy attained. Without the tracking system, the size of the project would need to be around 500 kw’s instead of 300. This project is considered for in the expenses
Gas Owner is installing a new boiler to cut the gas consumption by 50%, saving $25,000 annually. This project is not currently considered for the expenses.
851 BURLWAY ROAD | BURLINGAME, CA 6 LOCATION OVERVIEW
Prime location in Burlingame, part of the coveted Peninsula area of San Francisco, neighboring the San Francisco International Airport (SFO). The property is easily accessible, with Highway 101 frontage and servicedby several lines of public transportation such as BART, Burlingame Bayside Area Shuttle, SamTrans and CalTrain. Additionally, the property is within walking distance of multiple upscale hotels branches such as The Hyatt Regency, The Westin, Embassy Suites, Marriott and more. Burlingame continues to experience growth as a city and is expected to have a steady population increase of 3% over the next 5 years. With an average household income of $137,500 within a one mile radius of the property, 851 Burlway presents a rare opportunity to invest in a desirable, high end market.
The City of Burlingame is located within Silicon Valley, which encompasses all of the Santa Clara Valley, the southern half of the San Francisco Peninsula, and southern portions of the East Bay. The region is a leading hub and startup ecosystem for high-tech innovation & development, accounting for one-third of all of the venture capital investment in the United States. The City of Burlingame has already begun to expand it’s economic reach from regional to global. With Facebook announcing it’s new 767,000 square foot campus two miles south of the subject property, the area is primed for investors to acquire in this upcoming tech-hub.
851 BURLWAY ROAD | BURLINGAME, CA 7 FINANCIAL ANALYSIS
Investment Overview Current Market Price $35,000,000 $35,000,000 Number of Offices 61 61 Approximate Square Footage 64,740 64,740 Price per Square Foot $540.62 $540.62 Cap Rate 3.38% 5.35% Operating Data Gross Scheduled Income $1,794,612 $2,483,907 Vacancy Cost (2%) $0 -$49,678 Gross Operating Income $1,794,612 $2,483,907 Operating Expenses -$610,430 -$610,430 Net Operating Income $1,184,182 $1,873,477
NAI NORTHERN CALIFORNIA
MARY ALAM, MBA CJ BRILL Senior Vice President Investment Advisor O: 415.358.2111 O: 415.349.0147 M: 415.297.5586 M: 310.793.6069 851BURLWAY ROAD [email protected] [email protected] CalDRE #01927340 CalDRE #02073511 BURLINGAME, CA
851 BURLWAY ROAD | BURLINGAME, CA 8 FINANCIAL ANALYSIS Income & Expenses
Revenues Actual Proforma Total Income $1,794,612 $2,483,907 Vacancy Cost (2%) $0 -$49,678 Expenses as of December 31, 2017 Elevator $12,000 $12,000 HVAC $11,210 $11,210 Electrical $1,862 $1,862 Janitorial $47,672 $47,672 Janitorial Supplies $11,441 $11,441 Window Cleaning $5,425 $5,425 Repair & Maintenance $23,714 $23,714 Landscaping $8,475 $8,475 Pest Control $1,061 $1,061 Insurance $12,884 $12,884 Utilities* $68,568 $68,568 Security Expenses $9,404 $9,404 Telephone and Cell Phone $4,323 $4,323 Post Sale: Property Taxes 1.15% $356,500 $356,500 Self-Management Fee (2%) $35,892 $35,892 Total Expenses $610,430 $610,430 Net Income (NOI) $1,184,182 $1,873,477
*Actual amount reduced by electricity bill of $161,000 minus 80% due to installation of solar panel (September YTD garbage +$973 per month and September YTD water +$700 per month)
851 BURLWAY ROAD | BURLINGAME, CA 9 PROPERTY PHOTOS
851 BURLWAY ROAD | BURLINGAME, CA 10 851 BURLWAY ROAD | BURLINGAME, CA 11 851 BURLWAY ROAD | BURLINGAME, CA 12 AREA ANALYSIS
ZONING MAP
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millbrae. broderick mahler851 magnolia guittard rollins burlway
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burlingame general plan AA APS BMU C2 CAC CR DOT IB MMU R1 R3 SL TW N zoning APN BAC C1 C3 CAR DAC ECN HMU RR R2 R4 TP Unclassified 0 750 1,500 3,000 FT DRAFT June 2016
851 BURLWAY ROAD | BURLINGAME, CA 13 SANTA ROSA/ SACRAMENTO NAPA
MARIN COUNTY OAKLAND
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DOWNTOWN SAN FRANCISCO SAN JOSE SAN RAFAEL
GOLDEN GATEGOLDEN BRIDGE NEW GATE BRIDGE BAY BRIDGE
OAKLAND
SAN MATEO- SOUTH BRIDGE DOWNTOWN SAN FRANCISCO SAN FRANCISCO
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851851 SAN MATEO BRIDGE BURLINGAME
PALO ALTO 851 851
851 BURLWAY ROAD | BURLINGAME, CA 17 Facebook continues expanding its Bay Area footprint with plans to lease an under-construction, waterfront office campus in Burlingame.The social me- dia giant is in talks to take the entire 767,000 square feet in the $300 mil- lion Burlingame Point development at 300 Airport Blvd.
“We’re excited about going into new ar- eas like Burlingame,” said Christopher Hom, who leads Facebook’s real estate and strategy planning during a plan- ning commissionhearing earlier this week. “We have been very thoughtful about understanding that we needed to grow outside of Menlo Park, and we wanted to do that in a very strategic manner.”
The Facebook lease for Burlingame Point is not yet finalized, but the com- pany envisions locating its Oculus divi- sion, which develops virtual and aug- mented reality technology. Brokerage firm JLL is representing Facebook in the negotiations.
“Oculus is our forward-thinking re- search component that is going to continue to advance the future of el- ements that we intend to bring to the public,” Hom said.
“You have an internationally recognized technology company — it’s going to enhance Burlingame’s reputation as a hub for cutting edge technology,” said Tim Tosta, a land use attorney with Ar- ent Fox who represents Facebook and the developer, at the public hearing.
851 BURLWAY ROAD | BURLINGAME, CA 18 MAJOR COMPANIES
SAN FRANCISCO 851 BURLWAY ROAD BURLINGAME, CA
SAN MATEO BRIDGE 851 MAJOR EMPLOYERS
851BURLWAY ROAD BURLINGAME, CA
YOUR COMPANY
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851 BURLWAY ROAD | BURLINGAME, CA 22 AREA AMENITIES 851 BURLWAY ROAD BURLINGAME, CA
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NORTH EAST REGIONAL OVERVIEW SAN FRANCISCO BAY AREA: AN ECONOMIC POWERHOUSE
Kahala Tower is located in the heart of the San Francisco Bay Area, which consists of nine counties including San Francisco, San Mateo, Santa Clara, Alameda, Contra Costa, Solano, Napa, Sonoma and Marin, situated on the perimeter of San Francisco Bay and San Pablo Bay.
Ranked first in product innovation with the number of produced patents, the Bay Area is anchored by three major cities: San Francisco, San Jose and Oakland. Major corporations in these cities and surrounding area make the region second in the nation in concentration of Fortune 500 companies, after New York.
Well-known for its iconic skyline, steep hills, cable cars and historic streetcars, Fisherman’s Wharf and the Golden Gate Bridge, the city of San Francisco is voted the Best US City per Conde Nast Traveler magazine and has maintained this ranking for two decades.
Located in the South Bay, the cities of San Jose, Santa Clara, Sunnyvale, Mountain View, Palo Alto, Menlo Park, Redwood Shores and Burlingame are home to the world renown technology hub known as the Silicon Valley with numerous tech companies headquartered here, including are AMD, Adobe, Intel, Cisco Systems, Hewlett-Packard, Apple, Google, eBay, Netflix, Facebook and Yahoo!
851 BURLWAY ROAD | BURLINGAME, CA 25 851 BURLWAY ROAD BURLINGAME, CA
San Francisco International Airport Known as the “gateway to the Pacific”, SFO is a world-class airport serving 53 million domestic and international passengers in 2017. Overall traffic continues to grow and year to year grew 6% in 2017. The Bay Area’s largest airport is only 15 miles south of San Francisco and 3 miles from the subject property, and offers travelers a direct link from the airport to the city on BART, the region’s principal rail system.
Colleges and Universities The Bay Area is home to over 80 public and private colleges and universities including prestigious universities such as: Stanford University, University of California Berkeley, University of California San Francisco, University of San Francisco and many more. These institutions attract well-educated people to the area and provide the nucleus of activity in bio- medical technology, genetic engineering and software production.
Transportation Air transportation is available through a number of airports in the Bay Area: SFO, Oakland International Airport, and San Jose International offer facilities for international travel, air taxi, charter and cargo.
For the past 45+ years, San Francisco has operated the Bay Area Rapid Transit (BART), a heavy-rail public transit system linking the San Francisco Peninsula with Oakland, Berkeley, Fremont, Walnut Creek and other cities.
851 BURLWAY ROAD | BURLINGAME, CA 26 851 BURLWAY ROAD BURLINGAME, CA
Tourism San Francisco is the cultural center of the Bay Area. Cultural and entertainment activities include nationally renowned live theaters, art museums, local symphonies, operas and dance companies. The area supports six major professional sports teams, as well as top college- level athletic programs of the University of California at Berkeley, Stanford University and more.
Well-Educated Labor Force • Nearly 20% of California’s population resides in the Bay Area – Over 7 million people • Second highest densely populated U.S. city, after New York. • Bay Area generates over 15% of all U.S. patents, more than double the next largest region • 60 top ten graduate school programs
Highly Productive Economy • Bay Area GDP in 2017 was $878B, which would rank 17th in the world, surpassing Saudi Arabia. • 2nd most Fortune 500 companies in the country behind New York • 48% of all VC funding in the nation is currently in the Bay Area
851 BURLWAY ROAD | BURLINGAME, CA 27 FORTUNE 500 COMPANIES HEADQUARTERED IN THE BAY AREA
• Hitachi Global Storage Technologies – Energy • Roblox San Mateo San Jose • Bloom Energy – Sunnyvale Financial • Integrated Device Technology – San Jose • Calpine Corporation (318) – San Jose, • Calypso Technology - San Francisco • Intel (60) – Santa Clara California/Houston, Texas • Charles Schwab Corporation – San • Jawbone – San Francisco • Chevron (3) – San Ramon Francisco FORTUNE 500 COMPANIES HEADQUARTERED IN• TJDSHE Uniphase BAY –AREA Milpitas • Cupertino Electric – San Jose • Coinbase – San Francisco • Juniper Networks – Sunnyvale • Energy Recovery Inc. – San Leandro • FICO (Fair Isaac Corporation) - San Jose • KLA Tencor – Milpitas • Mosaic Inc. – Oakland (solar power and San Rafael • Lam Research – Fremont crowdfunding) • Fireman's Fund Insurance Company – The San Francisco Bay Area has more • Stitch Fix – San Francisco • Specialized Bicycle • Logitech – Fremont • PG&E (183) – San Francisco Novato Fortune 500 headquarters than any other • Zazzle – Redwood City Components – Morgan Hill • • LSI Corporation – Milpitas (acquired by • Primus Power – Hayward Fisher Investments – Woodside • Tea Collection - San Francisco Creative/design region except for the tri-state New York Avago Technologies) • Rosendin Electric – San Jose • Franklin TempletonFORTUNE Investments 500 – San COMPANIES HEADQUARTERED IN THE BAY AREA • Welcome Stranger - San Francisco • Ammunition – San Francisco City region. • Marvell – Sunnyvale • SolarCity – San Mateo Mateo Automotive • Guts & Glory – Oakland • • Maxtor – Milpitas (acquired by Seagate) • SunEdison – Belmont PayPal – San Jose • Motiv Power Systems[1] – Hayward • IDEO – San Francisco • • Monster Cable Products – Brisbane • Sungevity – Oakland Robert Half International – Menlo Park Companies currently based in the San Francisco • Lucid Motors – Fremont, CA • Landor Associates – San Francisco • Il Fornaio• Silicon – Corte Valley Madera Bank – Santa Clara • Quora – Mountain View • Aryaka Networks – Milpitas • National Semiconductor – Santa Clara • SunPower – San Jose Bay Area • NIO – San Jose, CA • Whipsaw – San Jose • Jelly• Belly – Fairfield • Salesforce.com – San Francisco • Barefoot Networks – Palo Alto • Nest Labs – Palo Alto • SunRun – San Francisco Square, Inc. – San Francisco Aerospace/defense • Traction (agency) - San Francisco • Tesla Motors – Palo Alto, Fremont Engineering and Construction • Mountain• Visa, Mike's Inc. – PizzaFoster – CityHayward • Slack Technologies – San Francisco • Big Switch Networks – Santa Clara • BAE Systems – Arlington, San Jose • NetAppEducation – Sunnyvale • Waymo – Mountain View • Bechtel - San Francisco • Odwalla• Wells – Half Fargo Moon Bank Bay – San Francisco • Poll Everywhere - San Francisco • Brocade Communications – San Jose • Hexcel Corporation – Dublin • Nvidia –• Santa Chegg Clara – Santa Clara • Zoox – San Carlos • URS Corporation - San Francisco • Otis• SpunkmeyerLending Club – San - San Leandro Francisco • SurveyMonkey – San Mateo • Cisco – San Jose • L3 Technologies – Menlo Park, • Philips Lumileds• Lighting CompanyFORTUNE – San 500 COMPANIES HEADQUARTERED IN THE BAY AREA Biotechnology Magoosh – Berkeley • FoodPeet's and Coffeedrink & Tea – Emeryville • Tripping.com – San Francisco • Ericsson – Santa Clara (Randtron) San Leandro (Applied Jose • Swinerton - San Francisco • 23andMe – Mountain View Electronics • Food and drink establishments with one location • • Technologies), Santa Rosa (Sonoma EO) • Rackable Systems – Fremont (name Entertainment Point Reyes Farmstead Cheese Twitter – San Francisco F5 Networks – San Jose • Anthera Pharmaceuticals – Hayward • Adaptec – Milpitas are not included in this list. Local and regional changed to Silicon Graphics) • Dolby Laboratories – San Francisco Company – Point Reyes Station • Uber – San Francisco • Fortinet – Sunnyvale • Lawrence Livermore National • Advanced Micro Devices (AMD) (406) – establishments with more than one location are • BioMarin Pharmaceutical – San Rafael • Hitachi Global Storage Technologies – • EnergyElectronic Arts – Redwood City • PowerBar• – BerkeleyRoblox San Mateo • Wikimedia Foundation – San Francisco • Juniper Networks – Sunnyvale Laboratory – Livermore • Rambus – LosSunnyvale Altos included. • Bio-Rad Laboratories – Hercules San Jose • Industrial• Bloom Light Energy & Magic – Sunnyvale – San Francisco • See'sFinancial Candies – South San Francisco • Workday – Pleasanton • Minerva Networks – San Jose • Lockheed Martin Space Systems – Palo • SanDisk •– MilpitasAgilent Technologies (443) – Santa Clara • Anchor Brewers & Distillers, LLC – San • Buck Institute for Age Research – Novato • Integrated Device Technology – San Jose • Calpine Corporation (318) – San Jose, • Shasta –• Hayward Calypso Technology - San Francisco • • Alto, Sunnyvale • Sanmina-SCI (255) – San Jose • Kerner Optical – San Rafael Francisco Yahoo! (353) – Sunnyvale NETGEAR – San Jose • Altera – San Jose California/Houston, Texas • Made In Space, Inc. – Mountain View • Calico – South San Francisco • Intel (60) – Santa Clara • Lucasfilm Animation – San Rafael (Lucas • Takaki Bakery• Charles (Andersen Schwab Institute Corporation of – San • Yelp – San Francisco • Palo Alto Networks – Santa Clara • Seagate •Technology AMAX Information – Cupertino Technologies – • Annabelle Candy Company – Hayward • Chiron – Emeryville • Jawbone – San Francisco Valley)• Chevron (3) – San Ramon Bread and Life)Francisco – Hayward • Real estate • NASA Ames Research Center – Moffett • Silicon GraphicsFremont – Fremont (acquired by • Annie's Homegrown – Berkeley YouTube – San Bruno Field • Genentech (7) – South San Francisco • JDS Uniphase – Milpitas • N•etflix FORTUNECupertino – Los Gatos Electric 500 – San COMPANIE Jose S• HEADQUARTEREDTogo's - •San JoseCoinbase – San Francisco IN THE BAY AREA• • Redfin – San Francisco FORTUNE 500 COMPANIES HEADQUARTERED INRacka BAYble• Systems) AntecAREA – Fremont • Black Angus Steakhouse – Los Altos Zendesk - San Francisco • Sandia National LaboratoriesFORTUNE – Livermore 500 COMPANIE• Gilead SciencesS HEADQUARTERED – Foster City IN •T HEJuniper BAY Networks AREA – Sunnyvale • Niantic• Energy – San FranciscoRecovery Inc. – San Leandro Healthcare • FICO (Fair Isaac Corporation) - San Jose • • Digital Realty – San Francisco • Silicon Image• Apple – Sunnyvale Inc. (103) – Cupertino • C&H Pure Cane Sugar – Crockett Zoosk – San Francisco • Intuitive Surgical – Sunnyvale • KLA Tencor – Milpitas • • Mosaic Inc. – Oakland (solar power • Castlight Healthand – San San Rafael Francisco • • Space Systems Loral – Palo Alto • Solectron• Corporation – Milpitas Pandora Radio – Oakland • Media LiquidSpace – San Francisco Applied Materials (270) – Santa Clara crowdfunding) • Eargo –Clif Mountain• BarFireman's – Berkeley Valley Fund Insurance Company – Apparel • Kosan Biosciences – Hayward • Sony• OptiarcLam Research America – Inc.Fremont – San Jose • Pixar – Emeryville • Communication Arts – Menlo Park • Prologis – San Francisco • Asus – Fremont • Il Fornaio – Corte Madera • Quora – Mountain• Columbus ViewNovato Salame – Hayward • Aryaka Networks – Milpitas • Bebe – BrisbaneWay • Nektar Therapeutics – South San • Logitech – Fremont • • PG&E (183) – San Francisco • Kaiser Permanente – Oakland • • • Super Talent• – San Jose Sega of America – San Francisco • Daily Review – Hayward Trulia – San Francisco The San Francisco Bay Area has more •Francisco Stitch Fix – San Francisco •Barracuda Special Networksized Bicycle – Campbell • Jelly Belly – Fairfield• Primus Power – Hayward • Salesforce.com• McKesson – SanDreyer's• –Francisco SanFishe Grand Franciscor Investments Ice Cream –– WoodsideOakland • Barefoot Networks – Palo Alto • Charlotte Russe (clothing retailer) • Supermicro• LSI Corporation – San Jose – Milpitas (acquired by • Skywalker Sound – San Rafael (Lucas • Dwell – San Francisco Retail Fortune 500 headquarters than any other • Zazzle – Redwood City • BrocadeComponents Communications – Morgan •Systems HillMountain – Mike's Pizza• –Rosendin Hayward El ectric – San Jose • Slack Technologies• • Ghirardelli •– SanF ranklinFrancisco Chocolate Templeton Company Investments – San • – SanBig Switch Networks – Santa Clara • Dolls Kill – San Francisco • Mendel Biotechnology, Inc. – Hayward • Avago Technologies) Valley) Palo Alto Medical Foundation – Palo Alto • Future US – South San Francisco • Charlotte Russe (clothing retailer) • Tea FORTUNECollection - San Francisco 500 COMPANIE TerayonS Creative/design HEADQUARTERED– SantaSanta Clara Clara • IN THE BAY AREA • LeandroMateo • region• except for the tri-state New York • Roche Molecular Systems - Belmont • Marvell – Sunnyvale Odwalla – Half• Moon• BaySolarCity – San Mateo PollInternet Everywhere - San Francisco Brocade Communications – San Jose • Cost Plus Inc. – Oakland Everlane – San Francisco • THX – San• Rafael• Ammunition – San Francisco Sony Interactive • • POPSUGAR Inc. – San Francisco City region. • Welcome Stranger - San Francisco Cisco Systems (71) – San Jose• Otis Spunkmeyer – •San Leandro • SurveyMonkey• Airbnb – SanHäagen –• San Mateo PayPalFrancisco-Dazs – OaklandSan Jose • Cisco – San Jose • Gap Inc. – San Francisco • Verily Life Sciences – Mountain View • • Maxtor – Milpitas (acquired by Seagate) Entertainment SunEdison (PlayStation – Belmont) – San Mateo • San Francisco Chronicle – San Francisco • Cycle Gear – Benicia Automotive Touchstone• Semiconductor•Digidesign Guts & – Glory Daly – Milpitas City– Oakland • • • Impossible• Robe Foodsrt Half -International Redwood City – Menlo• Park • Consumer goods • Monster Cable Products – Brisbane Peet's Coffee• & TeaZynga• – Emeryville Sungevity– San Francisco – Oakland Tripping.com• Alphabet – San Francisco Inc. – Mountain View Ericsson – Santa Clara • Gap.com – San Francisco Gymboree Corporation – San Francisco [1] • Xilinx – San Jose • San Jose Mercury News – San Jose • Motiv Power Systems – Hayward • •Dust IDEO Networks – San –Francisco Hayward • Point Reyes Farmstead Cheese • Twitter – San Francisco• Silicon Valley Bank – Santa Clara • F5 Networks – San Jose • JanSport – Alameda • Benefit Cosmetics – San Francisco • National Semiconductor – Santa Clara • SunPower – San Jose • Ask.com – Oakland • Gymboree – San Francisco Companies currently based in the San Francisco • Hitachi Global Storage Technologies – Energy • •E -muLandor Systems Associates – Scotts Valley– San Francisco • Roblox San Mateo • University of California Press – Berkeley • •Bianchi Lucid USA Motors – Hayward – Fremont, CA Company – Point Reyes• SunRunStation – San Francisco • Uber –• SanBox Francisco – Redwood• Square, City Inc. – San Francisco • Fortinet – Sunnyvale • Levi Strauss & Co. – San Francisco San Jose • Bloom• Nest Energy Labs – Sunnyvale– Palo Alto Financial • Complex (magazine) – San Francisco • Levi's – San Francisco Bay Area • NIO – San Jose, CA • •Fairchild Whipsaw Semiconductor – San Jose – •San JosePowerBar – Berkeley • • Visa, Inc. – Foster City • • • Clorox (474) – Oakland • NetApp – Sunnyvale Engineering and Construction Wikimedia• CiscoFoundation – San Jose – San Francisco JuniperMobile Networks media – Sunnyvale • Macys.com – San Francisco Aerospace/defense Marmot – Santa Rosa • Integrated Device Technology – San Jose • Calpine •Corporation• Traction (318) (agency)– San Jose, - San Francisco • Calypso Technology - San Francisco • •GoPro Tesla – Sa Motorsn Mateo – Palo Alto, Fremont Fitbit – San Francisco • See's Candies – South• SanBechtel Francisco - San Francisco • Workday• –Craigslist Pleasanton• – San Wells Francisco Fargo Bank – San Francisco• Minerva Networks – San Jose • •ModCloth BAE Systems – San Francisco – Arlington , San Jose • Intel (60) – Santa Clara California/Houston,• Nvidia – Santa Texas Clara • Charles Schwab Corporation – San • Bleacher Report – San Francisco • Minted – San Francisco • Waymo – Mountain View Education• Fujitsu Computer Products• of AmericaShasta – – Hayward • • Kleenspeed Technologies – Mountain • Philips Lumileds Lighting Company – San • URS Corporation - San Francisco • Yahoo!• (353)Dropbox – Sunnyvale - SanLending Francisco Club - San Francisco • NETGEAR – San Jose FORTUNE 500 COMPANIE• •Mountain HexcelS HEADQUARTERED Hardwear Corporation – Richmond – Dublin IN• THEJawbone BAY – San AREA Francisco • Chevron (3) –•Sunnyvale SanChegg Ramon – Santa Clara Francisco • MobiTV – Emeryville • Orchard Supply Hardware – San Jose •View Zoox – San Carlos Jose • Takaki Bakery (Andersen• Swinerton Institute of- San Francisco • Yelp –• San FranciscoEbatesFood – andSan Franciscodrink • Palo Alto Networks – Santa Clara • •The NorthL3 Technologies Face – Alameda – Menlo Park, • JDS Uniphase – Milpitas • Cupertino Electric• – San Jose • Coinbase – San Francisco • TubeMogul – Emeryville • Pottery Barn – San Francisco Biotechnology• • Genesis Magoosh Microchip – Berkeley – Santa ClaraBread and Life)Entertainment – Hayward • Food and drink establishments with oneReal location estate • Method – San Francisco • Rackable Systems – Fremont (name YouTube• – eBaySan Bruno (326) – San Jose Musical instruments and accessories • Restoration Hardware – Corte Madera O'Neill(Randtron) – Santa Cruz San Leandro (Applied • Juniper Networks• 23andMe – Sunnyvale – Mountain View • Energy RecoveryElectronics• Hewlett Inc. Packard– San Leandro (14) – Palo• Alto • FICO (Fair Isaac Corporation) - San Jose are not included in this list. Local and regional • Sephora – San Francisco changed to Silicon Graphics) Togo's - San Jose • Dolby Laboratories – San Francisco• Zendesk• - SanEvernote Francisco - Redwood City • Redfin• – San Francisco • RossTechnologies), Stores – Dublin Santa Rosa (Sonoma EO)• KLA Tencor – Milpitas • Mosaic Inc. –• OaklandAdaptec (solar – Milpitas power and San Rafael establishments with more than one location are Dunlop Manufacturing – Benicia • Ross Stores (412) – Pleasanton • Anthera Pharmaceuticals – Hayward • • Hitachi Data Systems Healthcare– Santa Clara • Electronic Arts – Redwood City • • Digital Realty – San Francisco The San Francisco Bay Area has more • •Stitch Lawrence Fix – San Livermore Francisco National • Specialized Bicycle crowdfunding) Rambus – Los Altos • Fireman's Fund Insurance Company – Zoosk •– SanFacebook Franciscoincluded. – Menlo Park • E-mu Systems – Scotts Valley • Safeway (55) – Pleasanton • Lam Research• – FremontBioMarin Pharmaceutical – San Rafael • Advanced Micro Devices• (AMD)Castlight (406) Health – – San Francisco Laboratory – Livermore • SanDisk – Milpitas • Industrial Light & Magic – SanMedia Francisco • Google (150) – Mountain View • LiquidSpace• – San Francisco Fortune 500 headquarters than any other • Zazzle – Redwood City • Logitech – FremontComponents – Morgan Hill • PG&E (183) – SanSunnyvale Francisco Novato • Anchor Brewers & Distillers, LLC – San Saga Musical Instruments – South San • Shutterfly – Redwood City • Bio-Rad Laboratories – Hercules • Eargo – Mountain Valley• Ker ner Optical – San Rafael • Communication Arts – Menlo Park • Prologis – San Francisco • • Lockheed Martin Space Systems – Palo Creative/design • Primus• Sanmina Power –-SCI Hayward (255) – San Jose • Fishe r Investments – Woodside • Hearsay SocialFrancisco – San Francisco Francisco • region except for the tri-state New York Tea Collection - San Francisco • LSI Corporation• – Milpitas (acquired by • Agilent Technologies (443)• Kaiser – Santa Permanente Clara – Oakland Walmart.com – San Bruno Alto, Sunnyvale • Buck Institute for Age Research – Novato • Seagate Technology – Cupertino • Lucasfilm Animation – San Rafael• (LucasDaily Review• – Hayward • Trulia •– San Francisco City region. • Welcome Stranger - San Francisco Avago Technologies) Ammunition – San Francisco • Rosendin Electric• Altera – San Jose– San Jose • Franklin TempletonFORTUNE Investments 500 – San COMPANIE InstacartS •HEADQUARTERED – SanAnnabelle Francisco Candy Company –IN Hayward THE BAY Santa AREA Cruz Guitar Company – Santa Cruz • Williams-Sonoma – San Francisco • • Calico – South San Francisco • • McKesson – San FranciscoValley) • Dwell – San Francisco Retail Automotive Made In Space, Inc. – Mountain View • Guts & Glory – Oakland • SolarCity Silicon – San• Graphics Mateo – Fremont (acquired by Mateo • LinkedIn• – SunnyvaleAnnie's Homegrown – Berkeley Networking • Zazzle – Redwood City • Marvell – Sunnyvale• Chiron – Emeryville AMAX Information Technologies• Palo Alto – Medical Foundation – Palo Alto • • NASA Ames Research[1] Center – Moffett • Rackable Systems) • • Netflix – Los Gatos • Future• US – South San Francisco Charlotte• RusseA10 Networks (clothing –retailer) San Jose • Motiv Power Systems – Hayward • Maxtor – MilpitasIDEO –(acquired San Francisco by Seagate) • SunEdison – BelmontFremont PayPal – San Jose Lyft – San• FranciscoBlack Angus Steakhouse – Los Altos • Genentech (7) – South San Francisco Internet • Niantic – San Francisco • Cost Plus Inc. – Oakland Companies currently based in the San Francisco • LucidField Motors – Fremont, CA • Landor Associates – San Francisco • Silicon• Image – Sunnyvale • Robert Half International – Menlo Park• POPSUGAR• Pinterest Inc. – San• – FranciscoSan Francisco • Arista Networks – Santa Clara • Monster Cable Products – Brisbane • Sungevity – Oakland Antec – Fremont • Airbnb – San Francisco C&H Pure Cane Sugar – Crockett Bay Area • Sandia National Laboratories – Livermore • • Gilead Sciences – Foster City • Solectron Corporation – Milpitas • • Pandora Radio – Oakland • San Francisco Chronicle – San Francisco • Cycle Gear – Benicia • NIO – San Jose, CA • National SemiconductorWhipsaw – San – Santa Jose Clara • SunPower – •San JoseApple Inc. (103) – Cupertino • Il Fornaio Silicon – Corte Valley Madera Bank – Santa Clara • Quora – •Mountain Clif Bar View – Berkeley • Aryaka Networks – Milpitas Aerospace/defense • • Intuitive Surgical – Sunnyvale • Alphabet Inc. – Mountain• Pixar View – Emeryville • Gap.com – San Francisco • Tesla Space Motors Systems – Palo LoralAlto, –Fremont Palo Alto • Traction (agency) - San Francisco • Sony Optiarc• America Inc. – San Jose • Square, Inc. – San Francisco • San Jose Mercury News• Columbus– San Jose Salame – Hayward • Nest Labs – Palo Alto • SunRun – San FranciscoApplied Materials (270)• – SanAsk.comta Clara• – JellyOakland Belly – Fairfield • Salesforce.com – San Francisco • Barefoot Networks – Palo Alto • BAE Systems – Arlington, San Jose Apparel Education• Kosan Biosciences – Hayward • Super Talent – San Jose • • Sega of America – San Francisco • University of California Press – Berkeley • Gymboree – San Francisco • Waymo – Mountain View • NetApp – Sunnyvale Engineering and Construction• Asus – Fremont • Mountain Visa, Mike's Inc. – PizzaFoster – HaywardCity • Slack Technologies• Dreyer's – San Grand Francisco Ice Cream – Oakland • Big Switch Networks – Santa Clara • • Bebe – BrisbaneWay • Nektar Therapeutics – South San • Box – Redwood City• Skywalker Sound – San Rafael (Lucas • Levi's – San Francisco Hexcel Corporation – Dublin • • Chegg – Santa Clara • Bechtel• Supermicro - San Francisco – San Jose • Wells Fargo Bank – San Francisco • Complex (magazine)• – San Francisco Zoox – San Carlos • Nvidia – Santa Clara • Barracuda Networks –• CampbellCisco – • SanOdwalla Jose – Half Moon Bay • Poll Everywhere Ghirardelli - San Francisco Chocolate Company – San • Brocade Communications – San Jose • L3 Technologies – Menlo Park, • Charlotte Russe (clothing retailer) • Francisco • Terayon – Santa Clara Valley) Mobile media • Macys.com – San Francisco Biotechnology • Magoosh – Berkeley • URS Corporation• Brocade- San Francisco Communications Systems• – Otis• SpunkmeyerLending Club – San - San Leandro Francisco • SurveyMonkeyLeandro – San Mateo • Cisco – San Jose (Randtron) San Leandro (Applied • Dolls Kill – San Francisco Philips Lumileds• LightingMendel CompanyBiotechnology,FORTUNE – San Inc. –500 Hayward COMPANIE S HEADQUARTERED• Craigslist IN T– SanHE Francisco BAY• Sony AREA Interactive • • • 23andMe – Mountain View Electronics • • THX – San RafaelSanta Clara Food and drink Bleacher Report – San• FranciscoHäagen- Dazs – Oakland Minted – San Francisco Jose • Swinerton - San Francisco • Dropbox• - SanPeet's Francisco Coffee & Tea – Emeryville • Tripping.com – San Francisco • Ericsson – Santa Clara Technologies), Santa Rosa (Sonoma EO) • Everlane – San Francisco • Adaptec Roche – Milpitas Molecular Systems - Belmont • Touchstone Semiconductor – Milpitas Food and drink establishmentsEntertainment (withPlayStation one location) – San• MateoMobiTV – Emeryville • Orchard Supply Hardware – San Jose • Anthera Pharmaceuticals – Hayward • Rackable Systems – Fremont (name Entertainment • Cisco Systems (71) – San Jose • Point Reyes Farmstead Cheese • Twitter –• SanImpossible Francisco Foods - Redwood City • F5 Networks – San Jose • Lawrence Livermore National • Gap Inc. – San Francisco • • Verily Life Sciences – Mountain View • Ebates –are San not Francisco included• Zynga in this – list.San LocalFrancisco and regional • TubeMogul – Emeryville • Pottery Barn – San Francisco • BioMarin Pharmaceutical – San Rafael changed to SiliconAdvanced Graphics) Micro Devices (AMD) (406) – • Dolby• XilinxLaboratories –• SanDigidesign Jose – San Francisco – Daly City Company – Point Reyes Station • • Laboratory – Livermore Consumer goods • eBay (326)establishments – San Jose with more than one location are Uber – San Francisco Fortinet – Sunnyvale • • Gymboree Corporation – San Francisco Sunnyvale • Musical instruments and accessories • Restoration Hardware – Corte Madera • Bio-Rad Laboratories – Hercules • Rambus• Hitachi – Los• GlobalAltos Storage Technologies – EnergyElectronic Arts• – RedwoodDust Networks City – Hayward • PowerBar• – BerkeleyRoblox San Mateo • Wikimedia Foundation – San Francisco • Juniper Networks – Sunnyvale Lockheed Martin Space Systems – Palo • JanSport – Alameda • Agilent Benefit Technologies Cosmetics (443) – San – SantaFrancisco Clara • Evernoteincluded. - Redwood City • Dunlop Manufacturing – Benicia • Ross Stores (412) – Pleasanton • Buck Institute for Age Research – Novato • SanDiskSan – MilpitasJose • Industrial• Bloom Light• Energy &E Magic-mu – SunnyvaleSystems – San Francisco – Scotts Valley • See'sFinancial Candies – South San Francisco • • Alto, Sunnyvale • Bianchi USA – Hayward • Facebook – Menlo• Anchor Park Brewers & Distillers, LLC – San • Workday – Pleasanton Minerva Networks – San Jose • • Levi Strauss & Co. – San Francisco • Altera – San Jose • E-mu Systems – Scotts Valley • Safeway (55) – Pleasanton • Made In Space, Inc. – Mountain View Calico – South San Francisco • Sanmina• Integrated-SCI• (255) Device – San JoseTechnology – San Jose Ker• nerCalpine Optical• Corporation – SanFairchild Rafael Semiconductor (318) – San Jose, – San Jose• Shasta Francisco– •Hayward Calypso Technology - San Francisco • Yahoo! (353) – Sunnyvale • NETGEAR – San Jose • Marmot – Santa Rosa • AMAX Clorox Information (474) – OaklandTechnologies – • Google (150) – Mountain View • Saga Musical Instruments – South San • Shutterfly – Redwood City • NASA Ames Research Center – Moffett • Chiron – Emeryville • Seagate• Intel Technology (60) – Santa – Cupertino Clara • LucasfilmCalifornia/Houston, Animation• Fitbit – San– San TexasRafael Francisco (Lucas • Takaki• AnnabelleBakery• Charles (Andersen Candy Schwab Company Institute Corporation –of Hayward – San • Yelp – San Francisco • Palo Alto Networks – Santa Clara • ModCloth – San Francisco •Fremont GoPro – San Mateo • Hearsay Social – San Francisco Francisco • Walmart.com – San Bruno • Genentech (7) – South San Francisco • Silicon• Jawbone Graphics –– SanFremont Francisco (acquired by Valley)• Chevron • (3)Fujitsu – San ComputerRamon Products of AmericaBread – and Life)Francisco – Hayward Real estate Field • • Kleenspeed Technologies – Mountain • Instacart – San• FranciscoAnnie's Homegrown – Berkeley • Santa •Cruz YouTubeGuitar Company – San Bruno – Santa Cruz • Mountain Hardwear – Richmond Antec – Fremont • Netflix• – Los Gatos • • • Williams-Sonoma – San Francisco • Sandia National LaboratoriesFORTUNE – Livermore 500 COMPANIE• Gilead SciencesS HEADQUARTERED – Foster City INRacka •T HEbleJDS Systems) BAYUniphaseView AREA – Milpitas Cupertino ElectricSunnyvale – San Jose Togo's• Black- San JoseAngusCoinbase Steakhouse – San Francisco – Los Altos • Zendesk - San Francisco • Redfin – San Francisco • The North Face – Alameda • Apple Inc. (103) – Cupertino • LinkedIn – Sunnyvale Networking • Zazzle – Redwood City • Space Systems Loral – Palo Alto • Intuitive Surgical – Sunnyvale • Silicon• Juniper Image –Networks Sunnyvale – Sunnyvale • Niantic• Energy – San• FranciscoRecoveryGenesis Inc. Microchip – San Leandro – Santa ClarHealthcarea • FICO (Fair Isaac Corporation) - San Jose • • Digital Realty – San Francisco • •Applied Me thodMaterials – San (270) Francisco – San ta Clara • Lyft – San Francisco• C&H Pure Cane Sugar – Crockett • A10 Networks Zoosk – San – San Jose Francisco • O'Neill – Santa Cruz • Pandora• Radio• – OaklandHewlett Packard (14) – Palo Alto• Castlight Healthand – SanSan Rafael Francisco Apparel • Kosan Biosciences – Hayward • Solectron• KLA Corporati Tencor• Sephora – onMilpitas – Milpitas – San Francisco Mosaic Inc. – Oakland (solar power • Clif Bar – Berkeley • Media • LiquidSpace – San Francisco • Ross Stores – Dublin • Asus – Fremont • Pinterest – San Francisco Arista Networks – Santa Clara • Bebe – BrisbaneWay • Nektar Therapeutics – South San • Sony• OptiarcLam Research America – Inc.Fremont – San Jose • Pixar –crowdfunding) Emeryville• Hitachi Data Systems – Santa Clara• Eargo – Mountain• Fireman's Valley Fund Insurance Company – • Communication Arts – Menlo Park • Prologis – San Francisco • Barracuda Networks – Campbell • Columbus Salame – Hayward The• SanChar Franciscolotte Russe Bay(clothing Area retailer) has more •Francisco Stitch Fix – San Francisco • Super• Talent• – SanSpecial Jose ized Bicycle • Sega• ofPG&E America (183) – –San San Francisco Francisco • Kaiser PermanenteNovato – Oakland • • Logitech• – Fremont • Dreyer's Grand Ice Cream – Oakland Daily Review – Hayward Trulia – San Francisco Fortune 500 headquarters than any other • •Mendel Zazzle Biotechnology, – Redwood City Inc. – Hayward BrocadeComponents Communications – Morgan Systems Hill – • Skywalker• Primus Sound Power – San – Hayward Rafael (Lucas • McKesson• – SanFishe Franciscor Investments – Woodside • Dolls Kill – San Francisco • Supermicro• LSI Corporation – San Jose – Milpitas (acquired by • Ghirardelli Chocolate Company – San • Dwell – San Francisco Retail Creative/designSanta Clara Valley) • • Franklin TempletonFORTUNE Investments 500– San COMPANIES HEADQUARTERED IN THE BAY AREA region• Everlane except – Sanfor Franciscothe tri-state New York • •Roche Tea Molecular Collection Systems - San Francisco - Belmont • TerayonAvago – Santa Technologies) Clara • Rosendin Electric – San Jose Palo AltoLeandro Medical Foundation – Palo Alto • Future US – South San Francisco • Charlotte Russe (clothing retailer) • •Cisco Ammunition Systems (71) – –San San Francisco Jose Mateo City• region.Gap Inc. – San Francisco • •Verily Welcome Life Sciences Stranger – Mountain - San Francisco View • THX• – SanMarvell Rafael – Sunnyvale • Sony• InteractiveSolarCity – San Mateo Internet • • Cost Plus Inc. – Oakland • Digidesign – Daly City • Häagen-Dazs – Oakland POPSUGAR Inc. – San Francisco ConsumerAutomotive goods • Guts & Glory – Oakland Entertainment• (PlayStation) – San Mateo • Airbnb –• San FranciscoPayPal – San Jose • Gymboree Corporation – San Francisco • Touchstone• Maxtor Semiconductor – Milpitas (acquired – Milpitas by Seagate) SunEdison – Belmont • Impossible Foods - Redwood City • San Francisco Chronicle – San Francisco • Cycle Gear – Benicia • • [1] • •Dust IDEO Networks – San –Francisco Hayward • Zynga – San Francisco • Alphabet• Inc. Robe– Mountainrt Half International View – Menlo Park • JanSport – Alameda Benefit Motiv Cosmetics Power Systems– San Francisco – Hayward • Xilinx• –Monster San Jose Cable Products – Brisbane • Sungevity – Oakland • San Jose Mercury News – San Jose • Gap.com – San Francisco Companies currently based in the San Francisco • • • •E -muLandor Systems Associates – Scotts Valley– San Francisco • Ask.com• Il •Fornaio– OaklandSilicon – Corte Valley Madera Bank – Santa Clara • Quora – Mountain View • Aryaka Networks – Milpitas • Levi Strauss & Co. – San Francisco Bianchi Lucid USA Motors – Hayward – Fremont, CA • National Semiconductor – Santa Clara • SunPower – San Jose • University of California Press – Berkeley • Gymboree – San Francisco Bay Area • • • •Fairchild Whipsaw Semiconductor – San Jose – San Jose • Box• – RedwoodJelly• BellySquare, City – Fairfield Inc. – San Francisco • Salesforce.com – San Francisco • Barefoot Networks – Palo Alto • Marmot – Santa Rosa Clorox NIO (474) – San – OaklandJose, CA • Nest Labs – Palo Alto • SunRun – San Francisco • Complex (magazine) – San Francisco • Levi's – San Francisco Aerospace/defense • • •Fitbit Traction – San Francisco (agency) - San Francisco • • Mountain• Visa, Mike's Inc. – FosterPizza – City Hayward • Slack Technologies – San Francisco • Big Switch Networks – Santa Clara • ModCloth – San Francisco • GoPro Tesla – Sa Motorsn Mateo – Palo Alto, Fremont • NetApp – Sunnyvale Engineering and Construction Cisco – San Jose Mobile media • Macys.com – San Francisco • BAE Systems – Arlington, San Jose • Education• Fujitsu Computer Products of America – • • • Odwalla• Wells – Half Fargo Moon Bank Bay – San Francisco • Poll Everywhere - San Francisco • Brocade Communications – San Jose • Mountain Hardwear – Richmond • Kleenspeed Waymo Technologies – Mountain View – Mountain • Nvidia – Santa Clara Bechtel - San Francisco Craigslist – San Francisco • Bleacher Report – San Francisco • Minted – San Francisco • Hexcel Corporation – Dublin •View •Sunnyvale Chegg – Santa Clara • • • Otis• SpunkmeyerLending Club – San- San Leandro Francisco • SurveyMonkey – San Mateo • Cisco – San Jose • The North Face – Alameda Zoox – San Carlos • Philips Lumileds Lighting CompanyFORTUNE – San 500 COMPANIE URS CorporationS HEADQUARTERED - San Francisco INDropbox THE - San BAY Francisco AREA • MobiTV – Emeryville • Orchard Supply Hardware – San Jose • L3 Technologies – Menlo Park, • •GenesisMagoosh Microchip – Berkeley – Santa Clara • Peet's Coffee & Tea – Emeryville • Tripping.com – San Francisco • Ericsson – Santa Clara Biotechnology• Method – San Francisco Jose • Swinerton - San Francisco • Ebates Food – Sanand Franciscodrink • • • O'Neill(Randtron) – Santa Cruz San Leandro (Applied • Hewlett Packard (14) – Palo Alto TubeMogul – Emeryville Pottery Barn – San Francisco • •Sephora 23andMe – San –Francisco Mountain View Electronics Entertainment • eBay• Food (326)Point and – SanReyes drink Jose establishmentsFarmstead Cheese with one location • Twitter – San Francisco • F5 Networks – San Jose • RossTechnologies), Stores – Dublin Santa Rosa (Sonoma EO) • Rackable Systems – Fremont (name Musical instruments and accessories • Restoration Hardware – Corte Madera • • •Hitachi Adaptec Data Systems– Milpitas – Santa Clara • are Companynot included – Point in this Reyes list. StationLocal and regional • Uber – San Francisco • Fortinet – Sunnyvale Anthera Pharmaceuticals – Hayward changed to Silicon Graphics) Dolby Laboratories – San Francisco • Evernote - Redwood City • Dunlop Manufacturing – Benicia • Ross Stores (412) – Pleasanton • Lawrence Livermore National • Advanced Micro Devices (AMD) (406) – Energy • establishmentsPowerBar – Berkeleywith more than one location are • • • BioMarin Pharmaceutical – San Rafael • Rambus• Hitachi – Los GlobalAltos Storage Technologies – • Electronic Arts – Redwood City • Facebook – Menlo• ParkRoblox San Mateo • E-mu SystemsWikimedia – Scotts Foundation Valley – San Francisco Juniper Networks – Sunnyvale Laboratory – Livermore Sunnyvale included. • Safeway (55) – Pleasanton • Bio-Rad Laboratories – Hercules San Jose • Industrial• Bloom Light Energy & Magic – Sunnyvale – San Francisco • • See'sFinancial Candies – South San Francisco • Workday – Pleasanton • Minerva Networks – San Jose • Lockheed Martin Space Systems – Palo • SanDisk – Milpitas Google (150)• –Anchor Mountain Brewers View & Distillers, LLC – San • Saga Musical Instruments – South San • Shutterfly – Redwood City • • •Integrated Agilent Device Technologies Technology (443) – – San Santa Jose Clara • • Calpine Corporation (318) – San Jose, • Shasta –• HaywardCalypso Technology - San Francisco • Yahoo! (353) – Sunnyvale • NETGEAR – San Jose Alto, Sunnyvale Buck Institute for Age Research – Novato • Sanmina-SCI (255) – San Jose Kerner Optical – San Rafael • Hearsay SocialFrancisco – San Francisco Francisco • Walmart.com – San Bruno • • •Intel Altera (60) – –Santa San Jose Clara • California/Houston, Texas • Takaki Bakery• Charles (Andersen Schwab Institute Corporation of – San • Yelp – San Francisco • Palo Alto Networks – Santa Clara • Made In Space, Inc. – Mountain View Calico – South San Francisco • Seagate Technology – Cupertino Lucasfilm Animation – San Rafael (Lucas • Instacart• – SanAnnabelle Francisco Candy Company – Hayward • Santa Cruz Guitar Company – Santa Cruz • Williams-Sonoma – San Francisco • • •Jawbone AMAX – SanInformation Francisco Technologies – Valley)• Chevron (3) – San Ramon Bread and Life)Francisco – Hayward • YouTube – San Bruno Real estate • NASA Ames Research Center – Moffett Chiron – Emeryville • Silicon Graphics – Fremont (acquired by • LinkedIn •– SunnyvaleAnnie's Homegrown – Berkeley Networking • Zazzle – Redwood City Fremont • Cupertino Electric – San Jose • Togo's -• San CoinbaseJose – San Francisco • • Genentech (7) – South San Francisco Racka• bleJDS Systems) Uniphase – Milpitas • Netflix – Los Gatos • Lyft – San Francisco • A10• NetworksZendesk – -San San Jose Francisco Redfin – San Francisco Field • Antec – Fremont Healthcare • Black Angus Steakhouse – Los Altos • Juniper Networks – Sunnyvale • Niantic• Energy – San FranciscoRecovery Inc. – San Leandro • FICO (Fair Isaac Corporation) - San Jose• • Zoosk – San Francisco • Digital Realty – San Francisco • Sandia National Laboratories – Livermore • Gilead Sciences – Foster City • Silicon Image – Sunnyvale • Pinterest• – SanC&H Francisco Pure Cane Sugar – Crockett Arista Networks – Santa Clara • • Apple Inc. (103) – Cupertino • Mosaic Inc. – Oakland (solar power • Castlight Healthand –San San Rafael Francisco Media • LiquidSpace – San Francisco • Space Systems Loral – Palo Alto • Intuitive Surgical – Sunnyvale • Solectron KLA CorporatiTencor – onMilpitas – Milpitas • Pandora Radio – Oakland • Applied Materials (270) – Santa Clara crowdfunding) • Eargo• –Clif •Mountain BarFireman's – Berkeley Valley Fund Insurance Company – Apparel • Kosan Biosciences – Hayward • Sony• OptiarcLam Research America – Inc.Fremont – San Jose • Pixar – Emeryville • Communication Arts – Menlo Park • Prologis – San Francisco • Asus – Fremont • PG&E (183) – San Francisco • Kaiser• ColumbusPermanenteNovato Salame – Oakland – Hayward • Bebe – BrisbaneWay • Nektar Therapeutics – South San • Super• LogitechTalent – San– Fremont Jose • Sega of America – San Francisco • Daily Review – Hayward • Trulia – San Francisco • Barracuda Networks – Campbell • • McKesson• Dreyer's• – FisheSan Grand Franciscor Investments Ice Cream –– WoodsideOakland • Francisco • • LSI Corporation – Milpitas (acquired by • Skywalker Primus Sound Power – San – Hayward Rafael (Lucas • Dwell – San Francisco Retail Charlotte Russe (clothing retailer) Supermicro – San Jose • Ghirardelli• Chocolate Company – San •Avago Brocade Technologies) Communications Systems – Valley)• Rosendin Electric – San Jose • Palo Alto MedicalFranklin Foundation Templeton – PaloInvestments Alto – San • Future US – South San Francisco • Charlotte Russe (clothing retailer) • Dolls Kill – San Francisco • Mendel Biotechnology, Inc. – Hayward • Terayon – Santa Clara Leandro • Santa Clara • SolarCity – San Mateo Internet Mateo • Cost Plus Inc. – Oakland • Everlane – San Francisco • Roche Molecular Systems - Belmont • THX – MarvellSan Rafael – Sunnyvale • Sony Interactive • POPSUGAR Inc. – San Francisco • Cisco Systems (71) – San Jose • Airbnb• Häagen –• SanPayPal Francisco-Dazs – SanOakland Jose • • Maxtor – Milpitas (acquired by Seagate) Entertainment• SunEdison (PlayStation – Belmont) – San Mateo • San Francisco Chronicle – San Francisco • Cycle Gear – Benicia • Gap Inc. – San Francisco Verily Life Sciences – Mountain View • Touchstone Semiconductor – Milpitas • Impossible• Foods - Redwood City • • Digidesign – Daly City • Zynga• Sungevity– San Francisco – Oakland • Alphabet Inc.Robe – Mountainrt Half International View – Menlo Park • Gap.com – San Francisco • Gymboree Corporation – San Francisco Consumer goods • Xilinx –Monster San Jose Cable Products – Brisbane • San Jose Mercury News – San Jose • • Dust Networks – Hayward • SunPower – San Jose • Ask.com• – OaklandSilicon Valley Bank – Santa Clara 851 BURLWAY ROAD | BURLINGAME, CA • Gymboree – San Francisco28 • JanSport – Alameda • Benefit Cosmetics – San Francisco National Semiconductor – Santa Clara • University of California Press – Berkeley • • E-mu Systems – Scotts Valley • SunRun – San Francisco • Box – Redwood• Square, City Inc. – San Francisco • Levi's – San Francisco • Levi Strauss & Co. – San Francisco • Bianchi USA – Hayward Nest Labs – Palo Alto • Complex (magazine) – San Francisco • • Fairchild Semiconductor – San Jose Engineering and Construction • Cisco – San• JoseVisa, Inc. – Foster City Mobile media • Macys.com – San Francisco • Marmot – Santa Rosa • Clorox (474) – Oakland NetApp – Sunnyvale • • Fitbit – San Francisco • Bechtel - San Francisco • Craigslist• – SanWells Francisco Fargo Bank – San Francisco • Bleacher Report – San Francisco • Minted – San Francisco • ModCloth – San Francisco • GoPro – San Mateo Nvidia – Santa Clara • Fujitsu Computer Products of America – • • Dropbox• - SanLending Francisco Club - San Francisco • Kleenspeed Technologies – Mountain • Philips Lumileds Lighting Company – San URS Corporation - San Francisco • MobiTV – Emeryville • Orchard Supply Hardware – San Jose • Mountain Hardwear – Richmond Food and drink View Jose Sunnyvale • Swinerton - San Francisco • Ebates – San Francisco • TubeMogul – Emeryville • Pottery Barn – San Francisco • The North Face – Alameda • Food and drink establishments with one location • Method – San Francisco • Rackable Genesis Systems Microchip – Fremont – Santa (name Clara Entertainment • eBay (326) – San Jose Musical instruments and accessories • Restoration Hardware – Corte Madera • O'Neill – Santa Cruz are not included in this list. Local and regional •changed Hewlett to Silicon Packard Graphics) (14) – Palo Alto • Dolby Laboratories – San Francisco • Evernote - Redwood City • • Sephora – San Francisco establishments with more than one location are Dunlop Manufacturing – Benicia • Ross Stores (412) – Pleasanton • Ross Stores – Dublin • Hitachi Data Systems – Santa Clara • Electronic Arts – Redwood City • • Rambus – Los Altos Facebookincluded. – Menlo Park • E-mu Systems – Scotts Valley • Safeway (55) – Pleasanton • Industrial Light & Magic – San Francisco • • SanDisk – Milpitas Google •(150) Anchor – Mountain Brewers View & Distillers, LLC – San • Saga Musical Instruments – South San • Shutterfly – Redwood City • • Sanmina-SCI (255) – San Jose Kerner Optical – San Rafael • Hearsay SocialFrancisco – San Francisco Francisco • Walmart.com – San Bruno • • Seagate Technology – Cupertino Lucasfilm Animation – San Rafael (Lucas • Instacart• – SanAnnabelle Francisco Candy Company – Hayward • Santa Cruz Guitar Company – Santa Cruz • Williams-Sonoma – San Francisco Valley) • Silicon Graphics – Fremont (acquired by • LinkedIn• – SunnyvaleAnnie's Homegrown – Berkeley Networking • Zazzle – Redwood City • Netflix – Los Gatos • Rackable Systems) • Lyft – San• FranciscoBlack Angus Steakhouse – Los Altos A10 Networks – San Jose • Niantic – San Francisco • • Silicon Image – Sunnyvale • Pinterest• – SanC&H Francisco Pure Cane Sugar – Crockett Arista Networks – Santa Clara • Pandora Radio – Oakland • Solectron Corporation – Milpitas • Clif Bar – Berkeley • Pixar – Emeryville • Sony Optiarc America Inc. – San Jose • Columbus Salame – Hayward • Sega of America – San Francisco • Super Talent – San Jose • Dreyer's Grand Ice Cream – Oakland • Skywalker Sound – San Rafael (Lucas • Supermicro – San Jose • Ghirardelli Chocolate Company – San Valley) • Terayon – Santa Clara Leandro • Sony Interactive • THX – San Rafael • Häagen-Dazs – Oakland Entertainment (PlayStation) – San Mateo • Touchstone Semiconductor – Milpitas • • Impossible Foods - Redwood City • Xilinx – San Jose Zynga – San Francisco LEASE COMPARABLES
Subject Property Price/SF/Year Building SF
Kahala Tower 851 Burlway Rd. AVG. $31.24 64,740 SF Burlingame, CA 94010
Address Price/SF/Year Building SF
Crosby Commons 1375 Burlingame Ave. $60.00 20,983 SF 1 Burlingame, CA 94010
Bayside Corporate Center 433 Airport Blvd. $37.20 62,000 SF 2 Burlingame, CA 94010
Sea Breeze 111 Anza Blvd. $42.00 101,485 SF 3 Burlingame, CA 94010
327 N. San Mateo Dr. $48.00 11,504 SF 4 San Mateo, CA 94401 The Crown Plaza 875 Mahler Rd. $35.40 56,000 SF 5 Burlingame, CA 94010 Third Floor Office Space 1290 Howard Ave. $51.60 32,315 SF 6 Burlingame, CA 94010 SALE COMPARABLES
Subject Property Price Building SF Price/SF
Kahala Tower 851 Burlway Rd. $30,000,000 64,740 SF $463.39 Burlingame, CA 94010
Address Price Building SF Price/SF
Peninsula Office Park IV 2655 Campus Dr. $24,330,905 52,106 SF $466.95 1 San Mateo, CA 94403
1440 Chapin Ave. $30,500,000 44,182 SF $690.33 2 Burlingame, CA 94010
3000 Clearview Way, Bldg. E $25,505,485 45,435 SF $561.36 3 Burlingame, CA 94402
TOTALS $26,778,797 47,241 SF $566.85 DEMOGRAPHICS & TRAFFIC COUNT
TRAFFIC COUNT Dist from Collection Street Cross Street Cross Street Dist/Dir Traffic Volume Count Year Type Subject Bayshore Fwy Broadway 0.47 SE 249,105 2016 0.10 MPSI... Bayshore Fwy Broadway 0.47 SE 244,000 2017 0.10 MPSI... Bayshore Hwy Burlway Rd 0.24 NW 14,091 2017 0.19 MPSI...
DEMOGRAPHICS Population: 1 mile 3 miles 5 miles 2023 Projection 11,153 94,256 192,212 2018 Estimate 10,820 91,526 186,454 2010 Census 10,123 86,093 174,328 Growth 2018-2023 3.08% 2.98% 3.09% Growth 2010-2018 6.89% 6.31% 6.96% 2018 Population Hispanic Origin 1,539 18,113 42,543 2018 Population by Race: White 7,654 57,320 117,366 Black 130 1,620 3,432 Am. Indian & Alaskan 43 677 1,485 Asian 2,403 26,679 51,639 Hawaiian & Pacific Island 57 1,222 3,790 Other 534 4,008 8,741 U.S. Armed Forces: 0 0 4 Households: 2023 Projection 4,544 36,893 73,176 2018 Estimate 4,420 35,842 71,028 2010 Census 4,193 33,757 66,520 Growth 2018 - 2023 2.81% 2.93% 3.02% Growth 2010 - 2018 5.41% 6.18% 6.78% Owner Occupied 2,107 18,711 39,706 Renter Occupied 2,313 17,131 31,323 2018 Avg Household Income $167,798 $149,686 $145,603 2018 Med Household Income $137,500 $112,718 $111,453
851 BURLWAY ROAD | BURLINGAME, CA 31 MARY ALAM, MBA CJ BRILL Senior Vice President Investment Advisor O: 415.358.2111 O: 415.349.0147 M: 415.297.5586 M: 310.793.6069 [email protected] [email protected] CalDRE #01927340 CalDRE #02073511
851 BURLWAY ROAD | BURLINGAME, CA 32