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384 Foster City Blvd San Mateo, CA 94404

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For Sale
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2.63-acre leased parking site with 301 stalls in Foster City.

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Listing Contact
Seth McKinnon
Source: Nmrk

Listing Agent: Seth McKinnon

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Overview

Foster City Leased Parking Site

The property at 384 Foster City Boulevard is a 2.63-acre site with a 5-year NNN lease, expiring on August 31, 2029. The site features 301 parking stalls. The tenant has a full parent guarantee with Moody's A1 rating and a stable outlook. Located in Foster City, San Mateo County, California, part of the San Francisco MSA, the site is positioned near Highways 101, 280, and 92, adjacent to companies such as Illumina, Visa, and Panasonic, and in the heart of Gilead’s 72-acre Foster City Campus. The lease begins September 12, 2024. The site is one of the largest parking lots on the San Francisco Peninsula that is not dedicated to office, retail or hotel use. Future uses include continued off-site parking, parking for future development, fleet parking, electrical vehicle charging and outdoor storage. The site has a history of credit tenants, including Applied Biosystems (Thermo-Fisher) and Gilead Sciences.
Location Intelligence

Current Use by Public Records

Dren Bio, Inc Biotechnology Company

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
San Mateo
County
San Mateo
State
California
Longitude
-122.276519
Latitude
37.5655421

FAQs

What type of property is this?
Parking lot & garage - 2.63-acre leased parking site with 301 stalls in Foster City.
Where is this parking lot & garage located?
The property is located at 384 Foster City Blvd San Mateo, CA.
What are key features of this property?
This property features: - 5-Year NNN lease with a Moody's A1-rated parent guarantee, providing stable and secure income.; - Strategic location at the intersection of Highways 101, 280, and 92, offering excellent accessibility.; - Substantial 2.63-acre site with **301 parking stalls**, one of the largest on the San Francisco Peninsula not dedicated to office, retail, or hotel use.
More about this property
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