California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Lincoln Lands Burlingame Hospital-Adjacent MOB for $39M
Lincoln Property Company acquired a 104,000-square-foot medical office property adjacent to Mills-Peninsula Medical Center in Burlingame, CA for $39.2 million. Located at 1720 El Camino Real, the property is situated on 3.72 acres and consists of three interconnected buildings as well as an attached five-level parking structure.
The property is 88% occupied by a number of medical users, many of them affiliated with the adjacent hospital. The property is located one mile from Highway 101, and 0.5 miles from Millbrae BART and Caltrain stations.
NKF’s Seth McKinnon represented the buyer in this off-market transaction.
McKinnon says, “1720 El Camino Real represents one of only a few medical office opportunities that are located adjacent to Mills-Peninsula Medical Center, a modern 450,000-square-foot hospital. Moreover, the property’s value-add profile and excellent physician mix made it highly sought-after. The buyer intends to modernize the improvements, and provide a more welcoming environment for both physicians and patients.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


