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555 Hamilton Ave 12,897 SF 100% Leased Office Building Palo Alto, CA 94301 For Sale
Investment Highlights
- Owner-User Optionality: The penthouse lease expires April 30, 2027, providing a clear occupancy window in 1.5 years
- Office Cap Limits Future Supply: Palo Alto has a 50,000 SF annual cap on new office supply in Downtown locations, severely limiting future supply
- Secured Underground Garage with Adjacent City Garage: The property includes 8 total parking spaces.
- Recent Sharp Decline in Vacancy: Since Q1 2024, Downtown Palo Alto vacancy has dropped 700 bps from 20.1% to 13.1% Q3 2025.
- Electrified 39 Minute Train from SF to Palo Alto: The Palo Alto Caltrain station connects to San Francisco in as little as 39 minutes.
- Recent Capital Investment: All suites renovated to current market standards in 2024, providing turnkey product that minimizes future TI requirements.
Executive Summary
CBRE is pleased to market the opportunity to purchase 555 Hamilton Avenue, a fully leased ±12,897 SF office building in Downtown Palo Alto—the most walkable, transit-oriented, and amenity-rich location on the Peninsula. With only 1.85 years of weighted average lease term remaining, the property generates in-place cash flow while offering exceptional flexibility. Owner users can receive cash flow to offset carrying costs and confidently plan their future occupancy while the existing tenants fulfill their lease term. For investors, it represents a rare chance to secure core Silicon Valley real estate at an attractive basis in a submarket experiencing rapidly declining vacancy and accelerating demand, with current rents significantly below market rates.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
12,897 SF
Building Class
B
Year Built/Renovated
1985/2024
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,299 SF
Building FAR
2.47
Lot Size
0.12 AC
Zoning
CD-C (P) - Downtown Commercial - Community with Pedestrian Shopping
Parking
8 Spaces (0.62 Spaces per 1,000 SF Leased)
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Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (93)
Property Taxes
| Parcel Number | 120-03-063 | Improvements Assessment | $17,986,845 CAD |
| Land Assessment | $3,919,667 CAD | Total Assessment | $21,906,511 CAD |
Property Taxes
Parcel Number
120-03-063
Land Assessment
$3,919,667 CAD
Improvements Assessment
$17,986,845 CAD
Total Assessment
$21,906,511 CAD
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555 Hamilton Ave
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