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Menlo Business Park - Building 15

Off-Market

1455 Adams Drive, Menlo Park, CA 94025

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  • Property Type Office
  • Property Size 62,884 Sqft
  • Lot Size 2.45 Acre
  • Parking Spaces Avail. 188
  • Parking Ratio 3.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1985

Location

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

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 13 Jan, 2014
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

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 $161,541
  • Market Value $14,784,973
  • Assessed Value $14,784,973

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

Frequently Asked Questions

What is the total square footage of Menlo Business Park - Building 15?

Menlo Business Park - Building 15 totals 62,884 square feet.

When was this property built?

Menlo Business Park - Building 15 was built in 1985.

When was Menlo Business Park - Building 15 last sold?

Menlo Business Park - Building 15 was last sold on 13 Jan, 2014.

What is the property tax for Menlo Business Park - Building 15?

The property tax for Menlo Business Park - Building 15 in 2021-2022 was $161,541.

What is the market value for Menlo Business Park - Building 15?

The market value for Menlo Business Park - Building 15 in 2021-2022 was $14,784,973.

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