408-453-7485
555 Hamilton Ave, Palo Alto, CA for Sale
Office - FOR SALE
1/18
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555 Hamilton Ave
Palo Alto, CA 94301
Downtown Palo Alto


HIGHLIGHTS

  • Owner-User Optionality: The penthouse lease expires April 30, 2027, providing a clear occupancy window in 1.5 years
  • Recent Sharp Decline in Vacancy: Since Q1 2024, Downtown Palo Alto vacancy has dropped 700 bps from 20.1% to 13.1% Q3 2025.
  • Office Cap Limits Future Supply: Palo Alto has a 50,000 SF annual cap on new office supply in Downtown locations, severely limiting future supply
  • Electrified 39 Minute Train from SF to Palo Alto: The Palo Alto Caltrain station connects to San Francisco in as little as 39 minutes.
  • Secured Underground Garage with Adjacent City Garage: The property includes 8 total parking spaces.
  • Recent Capital Investment: All suites renovated to current market standards in 2024, providing turnkey product that minimizes future TI requirements.

OVERVIEW

CBRE is pleased to market the opportunity to purchase 555 Hamilton Avenue, a fully leased ±12,897 SF office building in Downtown Palo Alto—the most walkable, transit-oriented, and amenity-rich location on the Peninsula. With only 1.85 years of weighted average lease term remaining, the property generates in-place cash flow while offering exceptional flexibility. Owner users can receive cash flow to offset carrying costs and confidently plan their future occupancy while the existing tenants fulfill their lease term. For investors, it represents a rare chance to secure core Silicon Valley real estate at an attractive basis in a submarket experiencing rapidly declining vacancy and accelerating demand, with current rents significantly below market rates.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

CD-C (P)

APN/PARCEL ID

120-03-063

ASK ABOUT THIS PROPERTY

Charles StroussCBRE, Inc.More Info
408-453-7485

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Charles StroussCBRE, Inc.More Info
408-453-7485

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