3 Lagoon Dr, Redwood City, CA 94065 – Office Building High Rise 5+ stories

OfficeYear Built 1985Total Assessed Value $132,393,266County San Mateo

Property Details

The Office property 3 Lagoon Dr, Redwood City, CA 94065 is located in San Mateo County. The specific property type is Office Building High Rise 5+ stories. The total assessed value of this property is $132,393,266.

The gross building area is 239,430 square feet and the land area is 774,453 square feet for this Office Building High Rise 5+ stories built in 1985.

Legal description: Lot 3 17.78 Ac Mol Parcel Map Vol 48/76-77

Market Value

7.15%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeOffice

Sub Property TypeOffice Building High Rise 5+ stories

Building Area239,430

Land Size774,453

Land Value$73,551,815

Improved Value$58,841,451

Total Assessed Value$132,393,266

Year Built1985

County NameSan Mateo

Account Number095-153-080

Cap Rate7.15%

Very Walkable

Good Transit

Bikeable

Amenities

Parking Space845

HeatingNone

Type ConstructionOther

No of Stories4

Garage TypeOpen 0

Sales History

10/21/2013

Arms-lengthNot Disclosed

Buyer

Mcp Paragon Point Llc

Seller

Metropolitan Life Insurance Company

Book Number

2013.157198

Recording Date

10/21/2013

Transaction Details

Mcp Paragon Point Llc acquired the property from Metropolitan Life Insurance Company through a Arms-length transaction on 10/21/2013 for .

Property constructed in 1985

YSale Price (USD) byXSales Year

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Mortgage History

This details prefers to stay low-key.

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2025	$73,551,815	$58,841,451	$132,393,266	-	Mcp Paragon Point Ll...	-	Lot 3 17.78 Ac Mol P...	-	-	774,453	239,430
2023	$70,695,709	$56,556,567	$127,252,276	$127,252,276	Mcp Paragon Point Ll...	425 Market St Ste 10...	Lot 3 17.78 Ac Mol P...	-	-	774,453	239,430
2022	$69,309,519	$55,447,615	$124,757,134	-	Mcp Paragon Point Ll...	-	LOT 3 17.78 AC MOL P...	-	-	768,274	239,430
2021	-	-	-	-	Mcp Paragon Point Ll...	425 Market St Ste 10...	Lot 3 17.78 Ac Mol P...	-	-	768,274	239,430
2020	-	-	-	-	Mcp Paragon Point Ll...	425 Market St Ste 10...	Lot 3 17.78 Ac Mol P...	-	-	768,274	239,430
2019	$16,918,853	$36,410,824	$53,329,677	-	Mcp Paragon Point Ll...	425 Market St	LOT 3 17.78 AC MOL P...	-	-	768,274	239,430
2018	$16,587,111	$35,696,887	$52,283,998	-	Mcp Paragon Point Ll...	425 Market St	LOT 3 17.78 AC MOL P...	-	-	768,274	239,430
2017	$16,261,874	$34,996,949	$51,258,823	-	Mcp Paragon Point Ll...	425 Market St	LOT 3 17.78 AC MOL P...	-	-	768,274	239,430
2016	$15,943,014	$34,310,735	$50,253,749	-	Mcp Paragon Point Ll...	425 Market St	LOT 3 17.78 AC MOL P...	-	-	768,274	239,430
2015	$15,703,536	$33,795,356	$49,498,892	-	Mcp Paragon Point Ll...	425 Market St	LOT 3 17.78 AC MOL P...	-	-	768,274	239,430

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Rent & Occupancy

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Comparables

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	3 Lagoon Dr, Redwood City, CA 94065	—	-	774,453	1985	239,430	$ 132,393,266	$ 73,551,815	-
Heritage Bank Of Commerce	2101 Woodside Rd, Redwood City, CA 94062	07/24/2025	$ 1,450,000	18,591	0	-	$ 1,800,262	$ 860,993	6 Wpi Woodside Road Lp
Bgo Us Lending Seller I Llc	1301 Shoreway Rd, Belmont, CA 94002	06/18/2025	$ 8,430,000	302,611	1983	148,919	$ 93,896,100	$ 73,088,100	1 Shoreway Owner Llc
Linc Housing Corporation	876 El Camino Real, Belmont, CA 94002	06/01/2025	$ 540,000	1,834	1953	2,604	-	-	Linchill Street Lp
Linc Housing Corporation	884 El Camino Real, Belmont, CA 94002	06/01/2025	$ 540,000	1,337	1950	1,100	-	-	Linchill Street Lp
Bank Of America Na	1440 Chapin Ave, Burlingame, CA 94010	05/14/2025	$ 23,000,000	25,574	1987	50,000	$ 34,023,328	$ 15,282,610	1440 Chapin Owner Llc
Golden Bank Na	161 W 25th Ave, San Mateo, CA 94403	04/23/2025	$ 800,000	6,325	1962	10,250	$ 4,781,486	$ 2,759,233	Ultracapital Inc
Jpmorgan Chase Bank Na	477 9th Ave, San Mateo, CA 94402	04/16/2025	$ 61,000,000	70,001	0	-	$ 5,140,670	$ 3,091,624	Smdt Partners Llc
Bank Of America Na	884 El Camino Real, Belmont, CA 94002	04/04/2025	$ 265,393	1,337	1950	1,100	-	-
Eden Housing Inc	1232 Cherry St, San Carlos, CA 94070	03/01/2025	$ 2,575,644	3,999	0	-	-	-	Cherry Street Commons Lp
Live Oak Banking Company	1201 Saint Francis Way, San Carlos, CA 94070	02/26/2025	$ 2,000,000	5,001	0	-	$ 347,500	$ 77,704	Shri Ganesh Holdings Llc

Mean$ 29,565,488

Median$ 2,537,822.0

Loan Amount Range$ 237,651 - $ 270,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
3 LAGOON DR, REDWOOD CITY, CA 94065-1565	CHECK POINT SOFTWARE TECH INC	6506282000	DATA PROCESSING SOFTWARE
3 LAGOON DR, REDWOOD CITY, CA 94065-1565	GENPACT LIMITED	7207086060	NONCLASSIFIED ESTABLISHMENTS
3 LAGOON DR STE 110, REDWOOD CITY, CA 94065-1566	LPL FINANCIAL	6505951700	MONEY ORDER SERVICE
3 LAGOON DR STE 190, REDWOOD CITY, CA 94065-5156	BIOVEDA CAPITAL	6505081788	VENTURE CAPITAL COMPANIES
3 LAGOON DR STE 155, REDWOOD CITY, CA 94065-5156	EVART YOUNG & HOBBS INVSTMNT	6508020342	INVESTMENT MANAGEMENT
3 LAGOON DR STE 155, REDWOOD CITY, CA 94065-5156	MC CARTHY ASSET MANAGEMENT INC	6506109540	INVESTMENT MANAGEMENT
3 LAGOON DR, REDWOOD CITY, CA 94065-1565	PENN MUTUAL LIFE INSURANCE CO	6505919000	INSURANCE
3 LAGOON DR, REDWOOD CITY, CA 94065-1565	PENN MUTUAL LIFE INSURANCE	6505919000	UNCLASSIFIED ESTABLISHMENTS
3 LAGOON DR STE 280, REDWOOD CITY, CA 94065-5158	KORN FERRY INTL PRIVATE LTD	6506321834	NONCLASSIFIED ESTABLISHMENTS
3 LAGOON DR STE 100, REDWOOD CITY, CA 94065-1566	CBRE	6505913500	REAL ESTATE MANAGEMENT

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License Details

License Number

32090361984

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

1/1/2023

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	SE JUNO CONSTRUCTION HOLDCO, L
	Address Line	3 lagoon dr ste 280
	City / State / Zip	redwood city CA 94065
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	6081
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	94065
Registration Details	SOS Code

License Timeline

License Issued

1/1/2023

Currently Active

Status: -

Renewal Required

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