695 Oak Grove Avenue, Suite 310, Menlo Park, CA 94025 FOR SALE ; Office Building; San Mateo County

695 Oak Grove Avenue, Suite 310, Menlo Park, CA 94025 FOR SALE ; Office Building; San Mateo County


695 Oak Grove Avenue, Suite 310, Menlo Park, CA 94025 FOR SALE ; Office Building; San Mateo County

Property Information

Office Property For Sale

Price: $1,195,000

Building Size: 1,499 SF

Price/SF: $797.20

Property Type: Office

Property Sub-type: Medical Office

Additional Sub-types: Office Condo

Property Use Type: Investment

Cap Rate: 5%

Occupancy: 100%

Building Class: A

Tenancy: Single

Listing ID: 18623703

Last Updated: 23 days ago

Map of 695 Oak Grove Ave, Menlo Park, CA 94025

Description

This medical office condominium is fully built-out and leased to a prominent neurology practice through October 31, 2017. Space has 3 exam rooms and 3 offices. Opportunity exists for an investor to participate in very tight and supply-constrained medical office on Mid-Peninsula or for medical office user to lock in future occupancy and participate in income until then.

695 Oak Grove Avenue in a prime location within downtown Menlo Park in the midst of shops, restaurants and is within close walking distance of Menlo Medical Clinic and the Menlo Park Caltrain station. It is adjacent to a substantial City of Menlo Park public parking plaza, which affords the property excellent parking.