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3301 Middlefield Rd 16,035 SF 100% Leased Retail Building Menlo Park, CA 94025 $5,200,000 ($324.29/SF) 5.88% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% leased retail
- Value-Add Rent Upside
- Prime Menlo Park Corridor
EXECUTIVE SUMMARY
3301 Middlefield Road is a ±16,035 square foot retail strip center situated on a ±26,066 square foot parcel, located in the City of Menlo Park. The parcel is zoned as Neighborhood mixed use allowing for a mix of residential and commercial uses at a moderate intensity. The property is 100% leased to twelve tenants.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
16,035 SF
Building Class
C
Year Built
1962
Price
$5,200,000
Price Per SF
$324.29
Cap Rate
5.88%
NOI
$305,760
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
2.45
Lot Size
0.15 AC
Zoning
C100S1
Frontage
223’ on Middlefield Rd
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 060-074-190 | Improvements Assessment | $107,360 |
| Land Assessment | $59,059 | Total Assessment | $166,419 |
PROPERTY TAXES
Parcel Number
060-074-190
Land Assessment
$59,059
Improvements Assessment
$107,360
Total Assessment
$166,419
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3301 Middlefield Rd
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