For Sale
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2700 Middlefield RdPalo Alto, CA 94306

10,323 SF, 100% Occupied, NNN Leases

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 10,323-square-foot retail property situated on a 0.74-acre lot at 2700-2740 Middlefield Road in the heart of Midtown Palo Alto, California (94306). The single-story, 1961-built building boasts 100% occupancy with NNN leases, providing a strong and immediate cash flow. The staggered lease terms offer both stability and future rent upside potential. The property features 36 dedicated parking spaces, a significant advantage in this high-demand location. Its prime location in an affluent Palo Alto neighborhood ensures a robust retail market and historically low vacancy rates. Direct access to Highway 101 provides excellent accessibility. This well-maintained building represents a rare chance to acquire a stable, income-producing asset in one of California's most desirable markets. The property's strong tenant base and strategic location make it an ideal investment for those seeking a secure and appreciating asset in the thriving Palo Alto retail sector. The mixed-use nature of the building offers further potential for future development or repositioning.

Highlights

  • Prime Midtown Palo Alto location with on-site parking.
  • Strong cash flow, 100% occupancy, NNN leases.
  • Staggered lease expirations offer stability and rental growth potential.
  • Exceptional Palo Alto location in a high-income neighborhood.
  • Well-established neighborhood retail center.
  • Convenient Highway 101 access.

Property Details for 2700 Middlefield Rd

Property type
Retail properties, Land
Square Feet
10,323 SF
Year Built
1961
Stories
1
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Palo Alto
County
Santa Clara
State
California
Latitude
37.4330599
Longitude
-122.1293396
2700 Middlefield Rd, Palo Alto, California

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2700 Middlefield Rd
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