870 Charleston RdPalo Alto, CA 94303

Property Details for 870 Charleston Rd

Year built

2005

Construction

WOOD

Lot size

0.46 AC

Property size (Sq ft)

9,950 SF

Zone code

GM

Property type

Office properties

Property subtype

Office buildings

APN

127-15-003

APU

12715003

Description

This exceptional Class A executive office space, located at 870 East Charleston Road in Palo Alto, California, offers a rare opportunity to lease a prestigious workspace in a highly desirable location. The building, constructed in 2005, boasts a total of 4,735 square feet and is currently fully vacant, presenting a unique chance for a single tenant to occupy the entire space or for two tenants to occupy separate suites. The minimum divisible space is 1,630 square feet, while the maximum contiguous space available is 3,105 square feet. The property features two suites in total, providing flexibility for various business needs. Each suite offers a high-end finish including a corner office with glass entry, a conference room also featuring a glass entry, an open office area, a dedicated storage room, and a convenient kitchenette complete with a dishwasher. Furthermore, each suite includes two private restrooms, each equipped with showers, adding to the overall comfort and convenience. On-site parking is available for tenants. This property is situated in Santa Clara County, with a zip code of 94303, providing easy access to major transportation routes and amenities. The building's modern design and prime location make it an ideal choice for businesses seeking a sophisticated and functional workspace in the heart of Palo Alto.

• CAP approach

  CAP return

  Valuation

  6%

  $6,180,612

  6.5%

  $5,705,181

  7%

  $5,297,668

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,818,864

  Geo Method

  $2,775,154

• Alternative Use

  Use

  Valuation

  Residential

  $7,074,424

  Hospitality

  $6,480,134

  Educational

  $5,391,396

  Medical

  $5,576,814

  Retail

  $8,386,616

Location Insight

City

Palo Alto

County

Santa Clara

State

California

Latitude

37.4215

Longitude

-122.103

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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