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Commonwealth Corporate Center III

Off-Market

164 Jefferson Drive, Menlo Park, CA 94025

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 249,500 Sqft
  • Lot Size 11 Acre
  • Parking Spaces Avail. 748
  • Parking Ratio 3.00/ 1,000 SF

Location

  • City Menlo Park, CA
  • Neighborhood Belle Haven
  • Zip Code 94025
  • Market San Francisco

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Menlo Park

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Menlo Park Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $100.39
  • 2020 Office Vacancy Rate 7.45%
  • 2020 Office Completions (Sqft) 22,226
View more Menlo Park market trends

Tax

  • Property Tax in 2021-2022 $2,016,292
  • Market Value $184,540,686
  • Assessed Value $184,540,686

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Commonwealth Corporate Center III?

Commonwealth Corporate Center III totals 249,500 square feet.

When was this property built?

Commonwealth Corporate Center III was built in 2016.

What is the property tax for Commonwealth Corporate Center III?

The property tax for Commonwealth Corporate Center III in 2021-2022 was $2,016,292.

What is the market value for Commonwealth Corporate Center III?

The market value for Commonwealth Corporate Center III in 2021-2022 was $184,540,686.

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