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Investment Highlights

  • Capital, talent, research, and an educational institution intersect to form an invigorating environment for company building and investing.
  • Redevelopment into townhomes could be a viable strategy, aligning with emerging trends in the SF Peninsula.
  • The site presents an opportunity to be repositioned as a school, capitalizing on the growing demand for this specialized market.
  • The existing building offers ample parking with 2.96 spaces per 1,000 square feet.

Executive Summary

CBRE, is pleased to market the opportunity to purchase a ±25,303 square foot multi-tenant office building in Palo Alto. The site is conveniently located across the street from the Baylands Golf Links and the Palo Alto Airport. The property is currently 35% occupied with a weighted average remaining lease term (WALT) of 1.43 years. This low occupancy and WALT give an investor or owner-user the ability to reposition or redevelop the asset. A school or townhouse use is possible with a conditional use permit and/or entitlements.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
25,303 SF
Building Class
B
Year Built/Renovated
1974/2010
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,652 SF
Slab To Slab
9’
Building FAR
0.51
Lot Size
1.14 AC
Zoning
ROLM (E) (D) (AD) - Intended for office, research, and limited manufacturing uses in a park-like environment.
Parking
75 Spaces (2.96 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Property Manager on Site
  • Energy Star Labeled
  • Bicycle Storage
  • Natural Light
  • Shower Facilities
  • Air Conditioning

Sustainability

Energy Star Certified
94
ENERGY STAR certified buildings save energy and help protect the environment.

Sustainability

ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
008-03-071
Land Assessment
$11,000,000
Improvements Assessment
$800,000
Total Assessment
$11,800,000
  • Listing ID: 33871765

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: 1900 Embarcadero Rd, Palo Alto, CA 94303

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