388 Cambridge

388 Cambridge Avenue, Palo Alto, CA 94306

Property Information

  • For Lease $119.40/SF/YR
  • Property Type Office - General Office
  • Property Size 36,000 SF
  • Lot Size 0.4 Acre
  • Parking Spaces Avail. 14
  • Parking Ratio 0.39 / 1,000 SF
  • Property Tenancy Vacant
  • LEED Certified Platinum
  • Building Class B
  • Year Built 2025
  • Date Updated Apr 29, 2026

Description

388 Cambridge Avenue is a 36,000-square-foot Class B office building situated on a 0.4-acre lot in Evergreen Park. Constructed in 2025, the property features 14 parking spaces with a ratio of 0.39 spaces per 1,000 square feet. The modern design and ample parking make it an attractive option for businesses seeking functional office space in a well-connected area.

Evergreen Park offers a vibrant mix of amenities within walking distance, including numerous dining options such as Naschmarkt and Sun of Wolf, each approximately 0.1 miles away. Nearby conveniences include parking facilities like Ted Thompson Parking Garage and Lot 3, both around 0.1 miles from the property. The area is also home to several hotels, including Hotel California and Stanford Terrace Inn, less than 0.25 miles away, providing accommodations for visiting clients or employees.

3 Spaces Available

#102

Space Type

Restaurant

Lease Rate

Contact for pricing

Total Space

2,335 SF

Divisible Space

2,335 - 2,335 SF

Available Date

Immediate

Renewal Option

Yes

Sublease

No

2,393 Rentable SF; 2,203 Usable SF. Ideal for Food & Beverage, Fitness, and Service Retail. Venting Type 2 Possible. Immediate Delivery.

2nd Floor

Space Type

General Office

Lease Rate

$9.95/SF/MO

Total Space

16,261 SF

Additional Rent

$2.10/SF/MO

Floor

2

Max Contiguous

34,868 SF

Available Date

Jan 1, 2027

Lease Type

NNN

Lease Term

From 5 Years

Renewal Option

Yes

Sublease

No

Build Type

Shell

Full second-floor floor plate comprising 15,511 square feet of office that can be used for a single tenant

or demised to accommodate multiple tenants. This space is ideal for professional services and tech

businesses.

 

 

3rd Floor

Space Type

General Office

Lease Rate

$9.95/SF/MO

Total Space

16,357 SF

Floor

3

Max Contiguous

34,868 SF

Available Date

Immediate

Lease Type

NNN

Lease Term

From 5 Years

Renewal Option

Yes

Sublease

No

Build Type

Shell

 

 

 

 

Contacts

Michael Courson

Newmark

Christian Prelle

Colliers

Alex Sagues

CBRE

Graham Grealish

CBRE

Location

Located at 388 Cambridge Avenue, Palo Alto, CA 94306, this property is part of the Evergreen Park neighborhood and Bay Area market.

Contact 388 Cambridge
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