Investment Overview
Newmark, as exclusive advisor, is pleased to extend to qualified investors the opportunity to acquire the 100% fee-simple interest in 384 Foster City Boulevard (the “Property / the Site”), an outdoor storage / parking land site. The Property is +/- 2.63 acre site with 305 stripped parking stalls.
Investment Highlights
- 384 Foster City can fulfill the parking needs of multiple companies with headquarters in Foster City – Gilead, Zoox, Illumina
- Recent approvals from PG&E and City of Foster City broadly outlines the allowable uses for the site
- Investors should investigate the possibility of installing EV charging points
- The Site has three means of ingress and egress, allowing easy access with the potential for multiple tenants or a parcel subdivision
- The Site is perfectly positioned at the intersection of Highway 101, 280 and 92, allowing quick access to San Francisco the Peninsula, Silicon Valley and the East Bay