2950 S Delaware St, San Mateo, CA 94403 – Office Building High Rise 5+ stories

OfficeYear Built 2017Total Assessed Value $135,612,328County San Mateo

Property Details

The Office property 2950 S Delaware St, San Mateo, CA 94403 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 $135,612,328.

The gross building area is 188,303 square feet and the land area is 76,709 square feet for this Office Building High Rise 5+ stories built in 2017.

Legal description: Lot 1 Blk 16 Of Bay Meadows Phase Ii No 4 Rsm 139/11-24

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 Area188,303

Land Size76,709

Land Value$2,395,871

Improved Value$133,216,457

Total Assessed Value$135,612,328

Year Built2017

County NameSan Mateo

Account Number040-031-280

Cap Rate7.15%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

No of Stories4

Elevator

Sales History

11/11/2015

Arms-lengthNot Disclosed

Buyer

Bay Meadows Station 3 Investors Llc

Seller

Bay Meadows Main Track Investors Llc

Book Number

2015.119872

Recording Date

11/11/2015

Transaction Details

Bay Meadows Station 3 Investors Llc acquired the property from Bay Meadows Main Track Investors Llc through a Arms-length transaction on 11/11/2015 for .

Property constructed in 2017

YSale Price (USD) byXSales Year

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Mortgage History

6/4/2019

Helocs both purchase money and non purchase money helocs$330,000,000

Borrower

First American Title Insurance Company

Lender

Deutsche Bank

Book Number

2019.42590

Recording Date

6/4/2019

Transaction Details

First American Title Insurance Company borrowed the property from Deutsche Bank through a Helocs both purchase money and non purchase money helocs transaction on 6/4/2019 for $330,000,000.

11/11/2015

Reo and trustee deeds$78,000,000

Borrower

Bay Meadows Station 3 Investors Llc

Lender

Wells Fargo Bank Na

Book Number

2015.119874

Recording Date

11/11/2015

Transaction Details

Bay Meadows Station 3 Investors Llc borrowed the property from Wells Fargo Bank Na through a Reo and trustee deeds transaction on 11/11/2015 for $78,000,000.

Property constructed in 2017

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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	$2,395,871	$133,216,457	$135,612,328	-	Bay Meadows Station ...	-	Lot 1 Blk 16 Of Bay ...	-	Bay Mdws Ph Ii #4	76,709	188,303
2023	$2,302,838	$128,043,503	$130,346,341	$130,346,341	Bay Meadows Station ...	4 Embarcadero Ctr St...	Lot 1 Blk 16 Of Bay ...	-	Bay Mdws Ph Ii #4	76,709	188,303
2022	$2,257,685	$125,532,849	$127,790,534	-	Bay Meadows Station ...	-	LOT 1 BLK 16 OF BAY ...	-	BAY MDWS PH II #4	76,709	188,303
2021	-	-	-	-	Bay Meadows Station ...	4 Embarcadero Center...	Lot 1 Blk 16 Of Bay ...	-	-	76,709	188,303
2020	-	-	-	-	Bay Meadows Station ...	4 Embarcadero Center...	Lot 1 Blk 16 Of Bay ...	-	-	76,709	188,303
2019	$2,147,767	$117,533,263	$119,681,030	-	Bay Meadows Station ...	4 Embarcadero Ctr	LOT 1 BLK 16 OF BAY ...	-	-	76,709	188,303
2018	$2,105,654	$104,652,000	$106,757,654	-	Bay Meadows Station ...	4 Embarcadero Ctr	LOT 1 BLK 16 OF BAY ...	-	-	76,706	-

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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 ↕
—	2950 S Delaware St, San Mateo, CA 94403	—	-	76,709	2017	188,303	$ 135,612,328	$ 2,395,871	-
East West Bank	116 Park Blvd, Millbrae, CA 94030	07/21/2025	$ 1,200,000	10,158	0	-	$ 3,510,767	$ 2,901,462
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
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
Mainz Capital Inc	1919 Ofarrell St, San Mateo, CA 94403	03/19/2025	$ 3,600,000	30,183	1967	3,798	$ 6,004,329	$ 5,993,608
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
Exchange Bank	360 S Railroad Ave, San Mateo, CA 94401	12/18/2024	$ 3,000,000	3,119	1959	4,541	$ 3,187,029	$ 2,525,977	Durailroad Llc

Mean$ 29,576,650

Median$ 2,787,822.0

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 ↕
2950 S DELAWARE ST STE 400, SAN MATEO, CA 94403-2580	WEBROOT INC	6502926600	INFORMATION SECURITIES
2950 S DELAWARE ST STE 300, SAN MATEO, CA 94403-2580	UPSTART	8554388778	NONCLASSIFIED ESTABLISHMENTS
2950 S DELAWARE ST STE 201, SAN MATEO, CA 94403-2578	FRESHWORKS	6505130514	NONCLASSIFIED ESTABLISHMENTS
2950 S DELAWARE ST, SAN MATEO, CA 94403-2577	BAY MEADOWS STA 3 INVESTORS	6503128051	INVESTORS NEC

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License Details

License Number

32074115695

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

1/1/2019

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	PRODIGY SOFTWARE INC.
	Address Line	2950 s delaware st ste 300
	City / State / Zip	san mateo CA 94403
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	94403
Registration Details	SOS Code

License Timeline

License Issued

1/1/2019

Currently Active

Status: -

Renewal Required

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