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2421 Park Blvd, Palo Alto, CA

New LEED Gold certified office building with expansive floor plates.

Space Size60,188 SF
Lot Size0.23 Acres
Days on Market835

Property Features for 2421 Park Blvd

General Information

Standard status Active
Size 60,188 SF
Lot size 0.23 Acres
Property subtype OFFICE
Lease Type NNN

Spaces For Lease

at 2421 Park Blvd
2525 Park Blvd $120/SF/Yr
Floor 1-3
Size 60,188 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- Newest building available in Palo Alto - LEED Gold certified - Expansive floor plates - Fitness room, showers & lockers - 2 levels of underground parking - On-site retail& food service
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Listing Agency: Cushman & Wakefield | Palo Alto
Listed By: David Hiebert
Source: Moodyscre
Added: Jul 5, 2024 Changed: Oct 8 Last Checked: Oct 16 at 9:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield | Palo Alto

Rey
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Investment Insights

Based on property information with market context.

This Palo Alto office building offers 58,150 square feet of space. The property is LEED Gold certified and features expansive floor plates. Amenities include a fitness room with showers and lockers. The building provides two levels of underground parking. On-site retail and food service options are available.

Key Highlights

  • Newest building available in Palo Alto
  • LEED Gold certified
  • Expansive floor plates

Property Analytics

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Current Use

Cabreza Elaine M ... Dental Office Palo Alto Dental ... Dental Office Kato Ken DDS Dental Office Cresta Chiropractic Care Alternative Medicine Practice Northern California Womens ... Mammography Service

Suggested Use

Top Pick Auto Parts Store (Bike/Boat/Book/etc) Store Storage Facility Pet Grooming Service Butcher Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$18.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,400
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Palo Alto, CA

$7.61 /SF/Yr
Avg Asking Price
$5.5–$11.63 /SF/Yr
Price Range
10,334 SF
Avg Space Size

This space is priced 1478% above the average of $7.61 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Office units - New LEED Gold certified office building with expansive floor plates.
Where is this office units located?
The property is located at 2421 Park Blvd Palo Alto, CA.
What is the lease rate?
The lease rate is $120 SF/Yr.
What are key features of this property?
This property features: Newest building available in Palo Alto; LEED Gold certified; Expansive floor plates
(650) 320-0250 Call to check price and availability
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