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2490 Old Middlefield Way 11,200 SF Retail Building Mountain View, CA 94043 $7,648,190 CAD ($682.87 CAD/SF) 6% Cap Rate
Investment Highlights
- Prime Mountain View location in the heart of Silicon Valley
- Existing lease in place through July 30, 2028 - Near-term lease rollover provides value-add or owner-user opportunity
- Ideal for investors seeking income with repositioning potential
- ±11,200 SF freestanding light industrial building
- Excellent access to US-101, CA-237, and major tech corridors
- Strong long-term fundamentals in one of the Bay Area’s most supply-constrained submarkets
Executive Summary
2490 Old Middlefield Way presents a rare opportunity to acquire an ±11,200 square foot commercial asset in Mountain View, one of Silicon Valley’s most desirable and high-barrier-to-entry markets. The property is currently leased through July 30, 2028, on a NNN basis, offering investors stable near-term income with future flexibility for lease renegotiation, repositioning, or potential owner-occupancy.
Strategically located near major transportation corridors including US-101 and CA-237, the property benefits from proximity to leading technology employers and a deep regional workforce base. This offering is well suited for investors seeking a core Silicon Valley location with upside potential.
Strategically located near major transportation corridors including US-101 and CA-237, the property benefits from proximity to leading technology employers and a deep regional workforce base. This offering is well suited for investors seeking a core Silicon Valley location with upside potential.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,200 SF
Building Class
C
Year Built
1970
Price
$7,648,190 CAD
Price Per SF
$682.87 CAD
Cap Rate
6%
NOI
$458,891 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
0.71 AC
Zoning
CS
Frontage
99’ on Old Middlefield Way
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 147-05-104 | Improvements Assessment | $613,827 CAD |
| Land Assessment | $146,704 CAD | Total Assessment | $760,531 CAD |
Property Taxes
Parcel Number
147-05-104
Land Assessment
$146,704 CAD
Improvements Assessment
$613,827 CAD
Total Assessment
$760,531 CAD
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2490 Old Middlefield Way
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