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4/14/25
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Kenson Ventures purchased a 25.4k sf, three-story office and retail property in downtown Mountain View. The property is located at 215 Castro St, off Hwy 82 between Palo Alto and Sunnyvale in Silicon Valley.
The property is currently leased to three retail tenants on the ground floor, including Alexander’s Patisserie, PokeWorks and St. Stephen’s Green. The 2nd and 3rd floors of office space are vacant.
215 Castro Street is centrally located in Downtown Mountain View, within the heart of the Southern San Francisco Peninsula. Castro Street is the premier retail and dining destination in Mountain View, with over 75 restaurants and shops along the street and within walking distance. The 101 and 280 Freeways, the Mountain View Baby Bullet Caltrain Station and VTA Light Rail Station are also in proximity to the property.
Steven Golubchik, Ramsey Daya, Edmund Najera, Chris Moritz, Darren Hollak, Francesca Zappula and Brendan Raney with Newmark represented the buyer in the transaction. The unnamed seller was also represented by the Newmark team.
Although Mountain View has experienced a 3.0% decrease in year-over-year asking rents, it maintains some of the highest asking rents in Silicon Valley at $7.20 per square foot (full-service gross), according to Newmark Research. The Downtown corridor of Mountain View consists of 1.7 msf of office space and is outperforming the broader Mountain View market with asking rates of $8.66 per square foot (full-service gross).
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