Listing Agency: NEXTHOME EXCELLENCE b***@nmrk.com Show Phone

Listed By: Brad Van Linge · License #CA RE #00832009

Source: Nmrk

Added: Jan 27 Changed: Jul 10 Last Checked: Aug 3 at 4:07AM

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Investment Insights

Based on property information with market context.

This premier Class A multi-tenant office campus is situated in Palo Alto's Stanford Research Park. The property is suitable for office use.

Key Highlights

• Premier Class A Office Space.
• Located in Palo Alto.
• Situated in Stanford Research Park.

Property Analytics

Property Profile

Current Use

Vinson & Elkins Law Firm ChargePoint Charging Station Electric Vehicle Charging Station Evommune Corporate Office Squire Patton Boggs Law Firm Cleary Gottlieb Steen ... Law Firm

Suggested Use

Top Pick Real Estate Agency Restaurant Auto Repair Shop Building Supply Auto Parts Store HVAC Service

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

$0.89 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

318

Businesses Nearby

Explore this area Business Placement

Demographics for 94304, CA

4,569

Population

2,490

Households

1.8

Avg Household Size

37

Median Age

82%

College-Educated

99%

High-School Grad

4.8 sq mi

ZIP Area

952

Density / Sq Mi

$162,569

Median Household Income

$84,929

Median Earnings

$3,496

Median Rent

$2,000,001

Median Home Value

Market

Lease Benchmarks for Palo Alto, CA

$9.11 /SF/Yr

Avg Asking Price

$5.95–$22.02 /SF/Yr

Price Range

9,176 SF

Avg Space Size

This space is priced 35% below the average of $9.11 /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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Class A office space in Palo Alto's Stanford Research Park.

Where is this office units located?

The property is located at 1841 Page Mill Road Palo Palo Alto, CA.

What is the lease rate?

The lease rate is $5.95 SF/Yr.

What are key features of this property?

This property features: Premier Class A Office Space.; Located in Palo Alto.; Situated in Stanford Research Park.