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Home Commercial 71,000 SQFT Parallel on Fourth in San Mateo Awarded to Buyer at ~$86MM
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71,000 SQFT Parallel on Fourth in San Mateo Awarded to Buyer at ~$86MM

February 3, 20252 Mins read1.3k
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Aerial view of San Carlos and Redwood Shores; East Bay and Mount Diablo in the background; houses visible on the hills and close to the shoreline; office buildings built close to downtown San Carlos
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In a significant transaction in the Bay Area commercial real estate market, the Parallel on Fourth property, a Class A trophy asset located at 405 East 4th Avenue in the heart of Downtown San Mateo, has been awarded to an undisclosed buyer for approximately $86 million, or around $1,206 per square foot. While the sale […]

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