Log In/Sign Up
Your email has been sent.
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 | - |
1 1
1 of 34
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
BEST OF CLASS DOWNTOWN PALO ALTO
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.