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3301 Middlefield Rd 16,035 SF 100% Leased Retail Building Menlo Park, CA 94025 $7,040,852 CAD ($439.09 CAD/SF) 5.88% Cap Rate
Investment Highlights
- 100% leased retail
- Value-Add Rent Upside
- Prime Menlo Park Corridor
Executive Summary
3301 Middlefield Road is a ±16,035 square foot retail strip center situated on a ±26,066 square foot parcel, located in the City of Menlo Park. The parcel is zoned as Neighborhood mixed use allowing for a mix of residential and commercial uses at a moderate intensity. The property is 100% leased to twelve tenants.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
16,035 SF
Building Class
C
Year Built
1962
Price
$7,040,852 CAD
Price Per SF
$439.09 CAD
Cap Rate
5.88%
NOI
$414,002 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
2.45
Lot Size
0.15 AC
Zoning
C100S1
Frontage
223’ on Middlefield Rd
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 060-074-190 | Improvements Assessment | $145,367 CAD |
| Land Assessment | $79,966 CAD | Total Assessment | $225,333 CAD |
Property Taxes
Parcel Number
060-074-190
Land Assessment
$79,966 CAD
Improvements Assessment
$145,367 CAD
Total Assessment
$225,333 CAD
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3301 Middlefield Rd
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