The Peninsula Industrial Pros

Your Commercial Real Estate Source in the San Francisco Bay Area

TIAA-CREF Buys Menlo Park Office Building for $50M

Address:   200 Middlefield Road, Menlo Park, CA

Seller:   Menlo Equities

Buyer:   TIAA-CREF

RBA SF: 41,466 SF

Lot size: 2.04 AC (88,862 SF)

Selling price: $50,025,000 ($1206.41/SF)

Type:   Office

This is one of the highest $/SF deals that has occurred, showing that institutional investors are willing to set the high water mark with the amount of competition in the market.  The property was fully renovated in 2013 and was 100% leased at time of sale.

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This entry was posted on June 18, 2014 by in In the News, Office, Peninsula, Recent Sales, Santa Clara County, Silicon Valley and tagged , , .
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