Office Building in Menlo Park For Sale
Office | 9,100 SqFt
Marketing description
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 a 1–5 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.
Investment highlights
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.
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