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695 Oak Grove Ave
Menlo Park, CA 94025 Downtown Menlo Park

$2,495,000 USD

Medical Condo For Sale  •  1,722 SF

Property Details

  • Property Type Medical
  • Total Building Size 17,835 SF
  • Lot Size 0.14 AC
  • Building Class B
  • Year Built 1984
  • Cap Rate 5.82 %
  • Tenancy Multiple
  • Zoning CL-C3, Menlo Park
48 Transit Score
94 Walk Score

1 Unit Available

Name Condo Use Size Price Details
3rd Floor - Unit 300 Medical 1,722 SF $2,495,000 USD
  • Unit Size: 1,722 SF
  • Condo Use: Medical
  • Price: $2,495,000 USD
  • Sale Type: Investment
  • Price/SF: $1,448.90 USD
Description
Excellent glass line facing Oak Grove Avenue on highest floor of building.  Leased to a long-established dental practice through July 2030. Very modern dental build out with 5 operatories, internal restroom, lab, office and two doors to common corridor.

Sale Notes
Very rare opportunity to purchase leased commercial in the heart of downtown Menlo Park. Tenant has Right of First Refusal over prospective sale with 5 days notice.

Property Flyers

Financial Summary

Cap Rate: 5.82 %
Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Better Hearing Center
C-Dental X-Ray
Center'd
Gould Dermatology Group
Maia Chakerian
Rocket Reel
Sereno Pain Mgmt Medical Group
Venu Bhakhri Arora Real Estate
W Bruce & Evanell Wellings
Wellings Wealth Care

Amenities

  • Signage
  • Natural Light

Public Transportation

Commuter RailDriveWalkDistance
Menlo Park (Caltrain - Caltrain (Caltrain)) 1 min 9 min 0.4 mi
Palo Alto (Caltrain - Caltrain (Caltrain)) 4 min - 1.5 mi
Transit/SubwayDriveWalkDistance
Menlo Park (Caltrain - Caltrain (Caltrain)) 1 min 9 min 0.3 mi
AirportDriveWalkDistance
Norman Y Mineta San Jose International 28 min - 17.9 mi
San Francisco International 29 min - 19.2 mi
Metro Oakland International 44 min - 29.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes
Trask Leonard 650-949-0700 Bayside Realty Partners
Trask Leonard 650-949-0700 Bayside Realty Partners