274-282 Castro St | Mountain View, CA 94041
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- LoopNet Team
274-282 Castro St
Mountain View, CA 94041
Value-Add Investment / Owner-User Opportunity · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 3-story building in the heart of downtown Mountain View with upside by upgrading the building common areas and pushing rents to pre-pandemic levels
- • Ground floor access on Castro Street in the front of the building, and a public parking lot in the back of the building. Elevator served building
- Market rate is currently $7.00 to $8.00 per SF. Ground and garden floor tenant is currently a modified gross lease
- Potential to increase total building area with the addition of two floors and a balcony above the existing structure
- Owner-User opportunity. One office tenant will be vacating at the end of their lease. An owner user may occupy the 9,975 SF first floor, the 7,933 SF
- Next tenant can be NNN lease. Top floor tenant signed lease during pandemic at discounted rate and has Fair Market Rate reset in 2025
PROPERTY FACTS
Property Type
Building Size
29,308 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
2001/2023
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,769 SF
Building FAR
2.49
Lot Size
0.27 AC
Zoning
P19 - Planned Community Precise Plan Downtown
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 158-13-044 | Improvements Assessment | $22,029,918 |
| Land Assessment | $5,853,007 | Total Assessment | $27,882,925 |
PROPERTY TAXES
Parcel Number
158-13-044
Land Assessment
$5,853,007
Improvements Assessment
$22,029,918
Total Assessment
$27,882,925
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