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TI-Ready Lab Shell Office Space
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3450 Hillview Ave, Palo Alto, CA 94304

TI-ready lab shell with lab/office TIs available, divisible for flexible occupancy and easy Highway 280 access.

Space Size11,486 SF - 19,900 SF
Days on Market102

Property Features for 3450 Hillview Ave

General Information

Standard status Active
Size 11,486 SF - 19,900 SF
Class B
Property subtype lab

Site & Location

Neighborhood Alta Mesa
Highway Access Yes

Amenities

expansive views
Marguerite shuttle stop

Spaces For Lease

at 3450 Hillview Ave Contact us

Available Space Immediate

Floor 1st
Size 19,900 SF
Type Office
Term Negotiable
Contact us

Available Space Immediate

Floor 2nd
Size 11,486 SF
Type Office
Term Negotiable
Contact us
Listing Agency: Menlo Park
Listed By: Cole Smith · License #01948128
Source: Property.jll
Added: Jul 26 Changed: Oct 26 Last Checked: Nov 4 at 9:42AM

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 Menlo Park

Rey
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Investment Insights

Based on property information with market context.

This offering includes a TI-ready lab shell office space available now, with additional laboratory/office TIAs available to qualified tenants. The available area totals 31,386 SF and can be divided into spaces ranging from 11,486 to 19,900 SF, supporting multiple occupancy sizes.

The property is located at 3450 Hillview Ave in Palo Alto, with easy access to Highway 280. Additional conveniences include parking at a 3/1,000 ratio and a Marguerite Shuttle stop with service to California Avenue and Downtown Palo Alto. Select space also offers expansive views of the Palo Alto hills.

Overall, this is a flexible lab/office configuration positioned for businesses seeking a turn-key start with room for tailored improvements through available TIAs.

Key Highlights

  • ±31,386 SF available, divisible into ±11,486–±19,900 SF suites
  • TI‑ready lab shell available now
  • Additional laboratory/office TIAs available to qualified tenants

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

SAP (Building 4 ... Corporate Office

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Restaurant Building Supply Big Box & Wholesale 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

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

252
Businesses Nearby

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
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

$7.41 /SF/Yr
Avg Asking Price
$5.5–$11.63 /SF/Yr
Price Range
10,690 SF
Avg Space Size

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 unit - TI-ready lab shell with lab/office TIs available, divisible for flexible occupancy and easy Highway 280 access.
Where is this office unit located?
The property is located at 3450 Hillview Ave Palo Alto, CA.
What are key features of this property?
This property features: ±31,386 SF available, divisible into ±11,486–±19,900 SF suites; TI‑ready lab shell available now; Additional laboratory/office TIAs available to qualified tenants
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