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Office Building in Menlo Park For Sale 1134 Crane St 10,000 SF 70% Leased Office Building Menlo Park, CA 94025 $8,500,000 ($850/SF)
INVESTMENT HIGHLIGHTS
- Steps from two City Parking Lots.
- Suited for an owner/user or investor.
- Prime Menlo Park location, one block from Santa Cruz Avenue
- Located in the heart of downtown Menlo Park
EXECUTIVE SUMMARY
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 one 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.
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,000 SF
Building Class
C
Year Built
1970
Price
$8,500,000
Price Per SF
$850
Percent Leased
70%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Building FAR
1.91
Lot Size
0.12 AC
Zoning
CL-C3, Menlo Park
Parking
12 Spaces (1.2 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Expansion Opportunity: Storage + 4 Office or Conference Rooms
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 200 | 3,000 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 200
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 200
| Size | 3,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Expansion Opportunity: Storage + 4 Office or Conference Rooms
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Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 071-094-160 | Improvements Assessment | $1,402,253 |
| Land Assessment | $637,375 | Total Assessment | $2,039,628 |
PROPERTY TAXES
Parcel Number
071-094-160
Land Assessment
$637,375
Improvements Assessment
$1,402,253
Total Assessment
$2,039,628
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Office Building in Menlo Park For Sale | 1134 Crane St
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