Adrian Road Proximity to SFO is Key Selling Point

A single-story industrial facility at 1649 Adrian Rd. in the Burlingame submarket recently sold to Finn Capital. Due to its transit-oriented location, the site is positioned for a last-mile logistics facility or future redevelopment.

Colliers’ Tim Maas, Mike Davis, Tony Crossley and Darren Kuiper marketed the property on behalf of the seller who had owned the property for several years.

“Demand for industrial assets remains incredibly strong in the San Francisco Bay Area,” said Maas. “It was our pleasure to facilitate the sale of this well-performing asset with significant rental upside and development potential.”

1649 Adrian Rd. was built in 1957 and encompasses 129,759 square feet. The total site area is 6.61 acres or 287,905 square feet.

The low-coverage industrial asset has more than 645 feet of frontage along Highway 101 and is an exit away from the San Francisco International Airport. Tenants also have access to the Millbrae BART station located less than a mile north.

“This is a high quality, versatile asset strategically located next to SFO with great visibility along Highway 101,” said Stephen Finn, founder of Finn Capital. 

At the time of the sale, the building was 100 percent leased to Lahlouh Inc., an end-to-end communications management company based in Burlingame, which has been a tenant since 1996.