Thursday, June 12, 2008
Palo Alto Office Building For Sale 6.1% Cap Rate
This is a great opportunity to own your own office building in Palo Alto. The building is fully occupied by one tenant who then subleases about half of the property to another tenant. Great location on San Antonio within striking distance of Google, Yahoo or your favorite medical device customer. Offered at a 6.11% cap rate for Palo Alto is an outstanding return. Then when the leases expire, this could be a great re-rent or owner user building. Very impressive exterior and signage too. Call us to set up a tour or for a fully financing look at this property. Offered at $4,728,000 for 8,758 square feet on a 19,046 lot.