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10/11/21
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Here’s your chance to take ownership of 28% of the entire Portola Valley, CA office market.That would be with the acquisition of Ladera Professional Center, a 23.4k sf asset situated on 2.66 acres that has just been listed for sale.
Originally built in 1964, Ladera Professional Center is located at 3200-3280 Alpine Rd. It is comprised of seven single-story buildings that are fully leased to six tenants. The property features 106 parking spaces and is walking distance to numerous retail amenities.
Ladera Professional Center is less than one mile from I-280, which connects Portola Valley to the rest of the San Francisco Bay Area. It is four minutes to Sand Hill Rd, five minutes to Stanford and proximate to four of the five cities ranked by income in the San Francicsco Peninsula and Silicon Valley. The asset is located approximately 35 miles south of San Francisco and 20 miles northwest of San Jose.
Charlie Strouss, Jonathan Ziegler, Yvonne Hsiung, Bob McSweeney and Todd Husak of CBRE’s Palo Alto office are marketing the Ladera Professional Center for sale on behalf of the owner, a private family investor. The listing marks the first time the asset has been on the market in nearly 50 years. An asking price was not given out.
“The barriers to entry in the Portola Valley office market are extremely high and we rarely see assets of this caliber trade,” said Strouss. “This property benefits from the area’s strong demographics, low inventory of office product and proximity to many of the Bay Area’s most prominent cities.”
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