The 300, 302 & 306 University Street Site is situated in a highly desirable community residential development location which offers pedestrian functionality, visual appeal, demographic viability and long-term investment value if developed as a “for sale” project to the subsequent Buyers. Given all of the unique attributes of the 300, 302 & 306 University Street Development Site is well positioned in-fill development opportunity.The Property consists of a level, rectangular shaped development site consisting of 3 fully entitled single family attached development parcels. Indications are that there will be continued steady increases in the amount of employment in the region. Notwithstanding this fact, significant biotech and device employment within the northern Silicon Valley market area will sustain both employment and economic growth. Further, the trend for the Northern Peninsula market specifically, will continue to follow a steady, increase in all vital statistics particularly in the area of high tech and biotechnology employment. This trend will favorably affect office occupancy, housing demand, retail sales, and the service sector within the central and northern Peninsula market place, and specifically, the subject property.
Excellent existing demand generators
Excellent existing transit oriented facilities and amenities
Excellent ingress/egress to and from the property via Highway 101 & 280
Diverse and creditworthy demographic base
Strategic BART Transit District location
Historically stable employment and occupancy demand
Moderately sized development site area providing good economy of scale
Significant limitations on future residential development within the area
Projected absorption/rent growth through continued technology employment
Continued long-term demand within Bay Area Metro Area
Call Listing Agent Bruce Paris 650-464-6493
