721 Colorado Ave - Office FOR SALE
Palo Alto, CA 94303 |
721 Colorado Ave
Palo Alto, CA 94303
HIGHLIGHTS
- Freestanding modern office with flexible floor plans, convenient parking options, and fantastic curb appeal within Palo Alto’s top office submarket.
- Commuting is easier than ever, with quick access from the 101 and 82 Highways, and Caltrain lines available just 1 mile away.
- Functional, flexible open spaces, private offices, a conference room, a breakroom, storage spaces, and a balcony.
- Walk to quality retail options, including Safeway, CVS, Subway, Round Table Pizza, and several popular local restaurants.
- Prime investment submarket, with nearby commitments from both large tenants and visionary startups, driving rent growth of 3.3% year-over-year.
- Currently 70% occupied by a mix of short-term tenants, offering in-place income and allowing quick occupancy by an owner/user.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Midtown Palo Alto Office with Upside
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
6584
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1964
SPRINKLERS
-
PARKING SPACES
17
LAND DETAILS
LAND ACRES
0.15 AC AC
LAND SF
6,534 SF
ZONING
-
APN/PARCEL ID
127-34-091
