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BEST OF CLASS DOWNTOWN PALO ALTO 2 Office Condos in Palo Alto, CA
INVESTMENT HIGHLIGHTS
- 2 Office Buildings Totaling 20,197 SF For Sale
- Rare Owner User/Investment Opportunity: 16,571 SF Available for an Owner User
- 116 University Ave is a 2 Story 10,525 SF Office Building with a Lower-Level Commercial Kitchen
- First Buildings on University Ave – Gateway to Downtown Palo Alto
- The properties have a single Parcel APN number and must be purchased together
- 102 University Ave are 1st and 2nd Floor Office Condos Totaling 9,672 SF
EXECUTIVE SUMMARY
- The offering presents a rare opportunity to acquire two office buildings - 116 University Ave & 102 University Ave. The properties have a single Parcel APN number and must be purchased together.
- 116 University Ave is a 2 Story 10,525 Square Foot Office Building with a Lower-Level Commercial Kitchen built by Facebook/Meta. 2nd Floor (3,626 Square Feet) is Leased for 3 years and one 3-year option, lease commenced on June 1st, 2025. The 1st Floor and Lower Level are Both Vacant.
- 102 University Ave are 1st and 2nd Floor Office Condos Totaling 9,672 Square Feet of a Twin Residential Tower with three Penthouse Residential Units Above that are not included. Both the 1st and 2nd Floor Condos are Vacant, Available for an Owner User to Occupy Immediately.
- First Two Buildings on University Ave - Gateway to Downtown Palo Alto
- New Construction with Spectacular Architecture – 102 University Ave was built in 2009 and 116 University Ave was built in 2007.
- Floor to Ceiling Windows.
- Adjacent to a 5-Story Public Parking Structure.
- Generational Opportunity to Acquire a Prominent Building on University Avenue’s Best Commercial Corridor in Downtown Palo Alto.
- 116 University Ave is a 2 Story 10,525 Square Foot Office Building with a Lower-Level Commercial Kitchen built by Facebook/Meta. 2nd Floor (3,626 Square Feet) is Leased for 3 years and one 3-year option, lease commenced on June 1st, 2025. The 1st Floor and Lower Level are Both Vacant.
- 102 University Ave are 1st and 2nd Floor Office Condos Totaling 9,672 Square Feet of a Twin Residential Tower with three Penthouse Residential Units Above that are not included. Both the 1st and 2nd Floor Condos are Vacant, Available for an Owner User to Occupy Immediately.
- First Two Buildings on University Ave - Gateway to Downtown Palo Alto
- New Construction with Spectacular Architecture – 102 University Ave was built in 2009 and 116 University Ave was built in 2007.
- Floor to Ceiling Windows.
- Adjacent to a 5-Story Public Parking Structure.
- Generational Opportunity to Acquire a Prominent Building on University Avenue’s Best Commercial Corridor in Downtown Palo Alto.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Individually For Sale | 0 |
| Status | Active | Total Building Size | 20,197 SF |
| Number of Properties | 2 |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 20,197 SF |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 116 University Ave, Ground - Unit 1, Palo Alto, CA 94301 | Office Condo | 10,525 SF | 2007 | - |
| 102 University Ave, Ground - Unit GRND, Palo Alto, CA 94301 | Office Condo | 9,672 SF | 2010 | - |
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BEST OF CLASS DOWNTOWN PALO ALTO
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