Green Half Moon Bay Building has Redevelopment Value

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±5,800 SF Plug & Play Office On A Spacious ±27,000 SF Lot Holds High Potential

Redwood City, CA, 5/23/2019 - As the San Francisco Peninsula becomes more and more dense with companies expanding into the market by leasing and preleasing space, the demand rises for large parcels of land in San Mateo County. Could the tech market potentially expand further out to Half Moon Bay? The coastal city bordered by beautiful beaches is only a short drive away. With how badly congested traffic has become along US 101, the scenic drive to Half Moon Bay would be a nice change of pace in comparison.

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"Given the unique location of Half Moon Bay, larger office users are harder to come by. This makes for tremendous value for those who don't have to or want to be in one of the denser Bay Area cities." states Colliers International Senior Associate Ryan Young.

The buyer of 700 Monte Vista Lane has a long history with Half Moon Bay and is actually the original developer who subdivided and built the property in 1996. Knowing the potential value a ±27,000 SF lot in the Bay Area holds, the local Half Moon Bay-based developer and winemaker purchased the property. 700 Monte Vista Lane was home to the former Seacrest School, then a tax attorney office, before selling for over final asking price. Colliers International brokers, Ryan Young along with Vice President Craig Walsh, brokered the deal.

700 Monte Vista Lane is located right next to the future Pasta Moon restaurant in a C-R (commercial-residential) zone allowing for medical, office, school or residential use. The new owner is considering what the next and best use will be for the property and neighborhood.

About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.

Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn. To see the latest news on Colliers International San Francisco Peninsula, follow us on Twitter @Colliers_RWC and Facebook.

For More Information Please Contact

AngeLin Vu, Graphic Design Manager
Colliers International
203 Redwood Shores, Suite 125
Redwood City, CA 94065
+1 650 486 2205

 Download the press release here: Green Half Moon Bay Building has Redevelopment Value

 


Related Experts
Ryan Young | Colliers International | San Francisco Peninsula

Ryan Young

Senior Associate

San Francisco Peninsula

Ryan Young joins Colliers International with a comprehensive commercial real estate background.  Ryan represents clients in buying, selling and leasing of office investment properties.

Ryan’s specialty of networking and account cultivation quickly jump started his brokerage career in 2008 when the market began to decline.  He was recognized as top cold caller in the office as well as maintained and grew his existing relationships which lead to referrals and new business transactions. 

Ryan spent most of 2012 and 2013 working as Director of Investments for a boutique real estate investment firm in Hong Kong.  His role was to reach out to the company’s entire network of investment firms, REITs and family offices to find desirable, qualified real estate investments in the United States and China.

Prior to his work in Hong Kong, Ryan worked with NAI Shames Makovsky, a full-service commercial real estate firm in Denver, Colorado, representing both tenants and landlords for office, industrial and retail property types.  His team handled a significant amount of transactions in Denver’s Lower Downtown (“LoDo”) area with over 500,000 square feet of office listings.  One client in particular was a successful Italian restaurant entrepreneur in Colorado, who Ryan helped to locate and negotiate space for in order to open two new successful restaurants in the Denver area. 

Ryan and his wife Michele live in the Bay Area with their two boys, Tyler and Dylan.  Ryan is involved within the community at Redwood Shores Elementary, Cub Scouts of America, and is the Coach of two little league teams.

Experience

2013 – Present: Senior Associate, Colliers International, Redwood City, CA
2011 – 2013: Director of Investment Services, Global Property Partners, Hong Kong, China
2009 – 2011: Broker Associate, NAI Shames Makovsky, Denver, CO
2008 – 2009: Broker Associate, Frederick Ross Company, Denver, CO
2003 – 2008: Sales Associate, Prestige Imports, Denver, CO
1999 – 2003: Vice President of Sales, Wireless Source, Denver, CO

 

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Craig Walsh | Colliers International | San Francisco Peninsula

Craig Walsh

Vice President

San Francisco Peninsula

Craig has been involved in commercial real estate in the Silicon Valley and Peninsula since the mid 1980’s. From representing companies to completing land sales he brings a wealth of experience in finding solutions for his clients. In addition, Craig represents companies nationally and internationally, partnering with fellow real estate professionals across the United States, Latin America and China, in creating a single point of contact within the Colliers International umbrella his clients have a seamless view to all multi city assignments which equates to real time control of the transactions. Formulating strategic plans and innovative approaches to help his clients achieve their goals and objectives Craig is an asset to any transaction.

Craig is married with two children and a graduate of U.C. Davis.

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