525 University AvePalo Alto, CA 94301

Property Details for 525 University Ave

Year built

1966

Construction

STEEL FRAME

Lot size

1.37 AC

Property size (Sq ft)

211,786 SF

Zone code

CDC

Property type

Office properties

Property subtype

Office buildings

APN

120-03-069

APU

12003069

Description

This exceptional 15-story, 180,000 square foot office building at 525 University Avenue in Palo Alto, California offers a variety of executive office spaces for lease. Located in Santa Clara County, near Cowper Street, this multi-tenant property boasts a convenient location and ample parking with a ratio of 2.75 spaces per 1,000 square feet. The building, constructed in 1966, sits on a 1.37-acre lot and provides flexible space options, ranging from a minimum of 685 square feet to a maximum contiguous space of 10,517 square feet. Currently, there are 29,363 square feet of vacant space available, ideal for businesses seeking immediate occupancy. The property's classification includes both Executive Office and Strip Center subtypes, catering to diverse business needs. The address is 525 University Ave, Palo Alto, CA 94301. This presents a unique opportunity to establish a presence in a highly desirable and established Palo Alto business district. The building's size and layout offer significant potential for expansion or consolidation, making it an attractive option for companies of various sizes. Contact us today to learn more about the available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $107,422,968

  6.5%

  $99,159,664

  7%

  $92,076,832

• Comparable approach

  Method

  Valuation

  Relative Method

  $108,282,360

  Geo Method

  $59,069,232

• Alternative Use

  Use

  Valuation

  Residential

  $122,957,984

  Hospitality

  $112,628,848

  Educational

  $93,705,880

  Medical

  $96,928,568

  Retail

  $145,764,704

Location Insight

City

Palo Alto

County

Santa Clara

State

California

Latitude

37.4489

Longitude

-122.159

CBSA code

41940

CBSA name

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

Property Tax & Assessments

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