408-966-5919
, Palo Alto, CA for Sale
Office - FOR SALE
1/33
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2 Office Bldgs. For Sale - 20,197 SF
Palo Alto, CA
Downtown Palo Alto


HIGHLIGHTS

  • 2 Office Buildings Totaling 20,197 SF For Sale
  • First Buildings on University Ave – Gateway to Downtown Palo Alto
  • Rare Owner User/Investment Opportunity: 16,571 SF Available for an Owner User
  • The properties have a single Parcel APN number and must be purchased together
  • 116 University Ave is a 2 Story 10,525 SF Office Building with a Lower-Level Commercial Kitchen
  • 102 University Ave are 1st and 2nd Floor Office Condos Totaling 9,672 SF

OVERVIEW

- The offering presents a rare opportunity to acquire two office buildings - 116 University Ave & 102 University Ave. The properties have a single Parcel APN number and must be purchased together. - 116 University Ave is a 2 Story 10,525 Square Foot Office Building with a Lower-Level Commercial Kitchen built by Facebook/Meta. 2nd Floor (3,626 Square Feet) is Leased for 3 years and one 3-year option, lease commenced on June 1st, 2025. The 1st Floor and Lower Level are Both Vacant. - 102 University Ave are 1st and 2nd Floor Office Condos Totaling 9,672 Square Feet of a Twin Residential Tower with three Penthouse Residential Units Above that are not included. Both the 1st and 2nd Floor Condos are Vacant, Available for an Owner User to Occupy Immediately. - First Two Buildings on University Ave - Gateway to Downtown Palo Alto - New Construction with Spectacular Architecture – 102 University Ave was built in 2009 and 116 University Ave was built in 2007. - Floor to Ceiling Windows. - Adjacent to a 5-Story Public Parking Structure. - Generational Opportunity to Acquire a Prominent Building on University Avenue’s Best Commercial Corridor in Downtown Palo Alto.

ASK ABOUT THIS PROPERTY

David TaxinMeacham OppenheimerMore Info
408-966-5919

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David TaxinMeacham OppenheimerMore Info
408-966-5919

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