1134 Crane St - Office FOR SALE


Menlo Park, CA 94025- Downtown Menlo Park
$8,500,000 USD
831-915-2534
1134 Crane St, Menlo Park, CA for Sale
$8,500,000 USD
Office - FOR SALE
1/11
null | Request Cap Rate

NEW


1134 Crane St
Menlo Park, CA 94025
Downtown Menlo Park


HIGHLIGHTS

  • Steps from two City Parking Lots.
  • Prime Menlo Park location, one block from Santa Cruz Avenue
  • Suited for an owner/user or investor.
  • Located in the heart of downtown Menlo Park

OVERVIEW

Mahoney & Associates is pleased to present 1134 Crane St., Menlo Park, CA, a ±9,100 SF, two-story office building offered for sale. Located just one block from Santa Cruz Avenue, the property sits on a ±5,000 SF lot in the heart of downtown Menlo Park and is well suited for an owner/user or investor. The ±4,850 SF second floor is vacant, featuring three private offices, a large conference room, and an open work area, allowing for immediate occupancy or lease-up. The ground floor is leased to Lindamood-Bell Learning Process through September 30, 2029, with one 5-year extension option. Current rent is $21,097 per month ($4.35 PSF), modified gross, with 3% annual increases, and the tenant pays utilities and janitorial. VENTURE CAPITAL PRESENCE Located in the heart of the world’s largest concentration of venture capital firms, Silicon Valley captures approximately 1/3 of all U.S. venture capital investment. Menlo Park stands at the epicenter of this ecosystem, serving as the global hub of the venture capital industry. PREMIER LOCATION The Property occupies an irreplaceable downtown Menlo Park location with immediate access to U.S. Route 101 and Interstate 280, the Peninsula’s primary north–south transportation corridors. 1142 Crane Street is within walking distance of a wide array of restaurants, retail, and nightlife, and is less than 1/8 of a mile from the Menlo Park Caltrain station. The surrounding area is home to many of the world’s most prominent venture capital firms and is adjacent to the affluent residential communities of Atherton, Woodside, Portola Valley, and Palo Alto.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$850 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Office Building in Menlo Park For Sale

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CL-C3, Menlo Park

APN/PARCEL ID

071-094-160

ASK ABOUT THIS PROPERTY

Ryan EdwardsMahoney & AssociatesMore Info
831-915-2534

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Ryan EdwardsMahoney & AssociatesMore Info
831-915-2534

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.