State Lands Commission Recommends Peninsula Owner Rent Revision

The California State Lands Commission recommended revising Peninsula Owner LLC's annual rent under Lease PRC 6127, effective July 1, 2026. Rent would increase from $27,551 to the amount stated in the revised report as $38,357/$64,924 per year, with annual Consumer Price Index adjustments, for commercial parking areas in Burlingame.

Document date · August 25, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Rent revised from $27,551 per year to $38,357 / $64,924 per year for commercial parking areas, adjusted annually by the Consumer Price Index

Contract type

FACILITIES

Contract term

25 years, beginning July 1, 2021; lease expires June 30, 2046; revised rent effective July 1, 2026

Renewal date

2046-06-30

Renewal

The 25-year lease began July 1, 2021 and expires June 30, 2046. The report states that the lessee has no right to a new lease or renewal of a previous lease.

Document type

StaffReport

Source document

California State Lands Commission Staff Report Revision of Rent for Lease PRC 6127 2026-08-25

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by California State Lands Commission | State of California?

Peninsula Owner Llc was awarded this facilities contract by California State Lands Commission | State of California, as recorded on August 25, 2026. The contract value is Rent revised from $27,551 per year to $38,357 / $64,924 per year for commercial parking areas, adjusted annually by the Consumer Price Index.

How much is the Peninsula Owner Llc contract with California State Lands Commission | State of California worth?

The Peninsula Owner Llc contract with California State Lands Commission | State of California is valued at Rent revised from $27,551 per year to $38,357 / $64,924 per year for commercial parking areas, adjusted annually by the Consumer Price Index, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in California State Lands Commission Staff Report Revision of Rent for Lease PRC 6127 2026-08-25 (StaffReport), dated August 25, 2026 from California State Lands Commission | State of California. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Peninsula Owner Llc hold?

Peninsula Owner Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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