2151-2185 Park Blvd Bureau 1 343 m² 37 % Loué À vendre Palo Alto, CA 94306 9 579 350 € (7 132,77 €/m²)

OFFERING
Marcus & Millichap is pleased to present 2151 & 2181 Park Boulevard, a two-tenant office of approximately 14,526 Sq. Ft. situated on 0.50 acres in Palo Alto, CA.
THE BUILDINGS
The property consists of 2 wood frame buildings with plate glass facades and flat roofs, built in 1958. Originally constructed for heavy R&D use, the property has 3 Phase 400 Amps of power. Parking is also ample, with 45 spaces for a ratio of 3.17/1000.
THE OPPORTUNITY
Investors can fill the vacancy to immediately improve the income stream and quickly drive the rents for the currently occupied spaces to market as none of the existing leases have a term past early 2026. Alternatively, an owner user can occupy a portion or the entirety of the premises.
There is an attractive assumable loan in place with a balance of approximately $5,463,000 as of May 1, 2025 at a rate of 3.14% amortized over 30 years due in 2031.
LOCATION
The property is located on Park Blvd., only 600 feet from the California Avenue CalTrain station, and within walking distance to various tech companies, 29 restaurants, a grocery and other entertainment on California Avenue. The City of Palo Alto is the focal point of Silicon Valley. It is home to Stanford University and to a number of high-tech companies, such as Tesla, Rivian, VMWare, Varian and Pinterest, all located in the Stanford Business Park in close proximity to the subject property.
SUMMARY
2151 & 2181 Park Boulevard. in Palo Alto, CA presents investors with the opportunity to acquire an office building with significant upside and redevelopment potential at an irreplaceable Palo Alto location.