The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Morgan Stanley Pays Over $1,500/sf for Menlo Park Office Building

1/17/23

In a recent Bay Area office buy, Morgan Stanley purchased a 44.7k sf building in Menlo Park for $68 mil, or $1,521/sf. The property is fully occupied by Menlo Medical Clinic, a partner with Stanford Health Care.

The property, located at 321 Middlefield Rd, is within a 10-minute drive from Stanford Hospital, the only Level-1 Trauma Center on the San Francisco Peninsula. Stanford Hospital offers 605 licensed beds, 101 licensed ICU beds and world-renowned staffing with over 23,451 employees, medical staff, nurses, residents and fellows. The hospital provides over two million outpatient visits, including 450 life flight transports annually.

321 Middlefield is nestled within the mid-Peninsula city of Menlo Park with a medium household income of $160,000 and median property value of over $2 mil. The South Peninsula market totals approximately 39 msf of office space, with Menlo Park accounting for 6.5 msf of that space with a 12% vacancy rate, according to Newmark Research.

The property was sold by Pollock Financial Group. Newmark’s Steven Golubchik, Edmund Najera, Jonathan Schaefler, Jesse Millman and Darren Hollak were involved in brokering the transaction.





Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media