6,500 SF Value-Add Office
- Acquired July 2019 with private investors.
- Property was 100% leased at time of acquisition with short-term leases substantially below market.
- The building benefits from multi-tenant profile with suite sizes ranging from 1,000-2,000 SF.
- Located in Midtown Palo Alto between Embarcadero and Oregon Expressway surrounding by desirable retail amenities, the building is well positioned for near term cash flow and long-term upside. It is also adjacent to where Midtown Realty was founded with John Sobrato and Carl Berg before starting their respective real estate portfolios.