240 3Rd StLos Altos Hills, CA 94022

Property Details for 240 3Rd St

Year built

2013

Lot size

0.33 AC

Property size (Sq ft)

19,273 SF

Zone code

CD

Property type

Office properties

Property subtype

Office buildings

APN

167-40-081

APU

16740081

Description

This exceptional Class A office building, located at 240 3rd Street in Oakland, Alameda County, California, presents a unique opportunity. Boasting a total of 16,645 square feet across three stories, the property offers 9,970 square feet of immediately available space within a single suite. Constructed in 2012, the building features modern, high-end finishes including impressive open ceilings, upgraded lighting, and expansive glass lines maximizing natural light. The convenient location offers easy access to major thoroughfares like the Foothill Expressway and South San Antonio Road, ensuring seamless commutes for employees and clients. The property also benefits from two levels of underground parking, providing ample and secure parking for tenants and visitors. Its proximity to Downtown Los Altos further enhances its appeal, with a short walk to a vibrant array of restaurants, retail shops, banks, and cafes. This executive office space is ideal for a company seeking a prestigious and functional location in a thriving area. The zip code is 94022. The property is situated at latitude 37.3694009 and longitude -122.1405413.

• CAP approach

  CAP return

  Valuation

  6%

  $11,971,754

  6.5%

  $11,050,849

  7%

  $10,261,503

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,334,068

  Geo Method

  $5,375,432

• Alternative Use

  Use

  Valuation

  Residential

  $13,703,053

  Hospitality

  $12,551,923

  Educational

  $10,443,053

  Medical

  $10,802,205

  Retail

  $16,244,749

Location Insight

City

Los Altos

County

Santa Clara

State

California

Latitude

37.3779

Longitude

-122.115

CBSA code

41940

CBSA name

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

Property Tax & Assessments

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