OFFERING MEMORANDUM 675 UNIVERSITY DRIVE · BRIAN HENRY 650.823.1220 [email protected] PAGE 4 675 UNIERSITY RIE ENLO PAR CALIFORNIA 1163/12 property overview DETAILS Address 675

Disclaimer: The distributor of this communication is performing acts for which a real estate license is required. The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

18-1683/19-02

BRIAN HENRY Executive Managing Director

650.823.1220 [email protected] CA RE License #01385537

675 UNIVERSITY DRIVEM E N L O P A R K • C A L I F O R N I A

OFFER ING MEMORANDUM

BRIAN HENRY 650.823.1220

[email protected]

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2675 UNIVERSITY DRIVEM E N L O P A R K | C A L I F O R N I A

18-1683/19-02

table of contents

Property Overview - Investment Highlights & Details .......................................................................3-4

Location Overview - Menlo Park ..................................................................................................................5

Top Local Employers Map ..............................................................................................................................6

Local Amenities & Transportation Maps ...............................................................................................7-9

Bay Area Overview ........................................................................................................................................ 10

Area & Local Maps ..................................................................................................................................... 11-12

Property Photography ............................................................................................................................ 13-15

Valuation Summary ....................................................................................................................................... 16

Rent Roll ............................................................................................................................................................17

Operations Statement .................................................................................................................................. 18

Parcel Map ....................................................................................................................................................... 19

Aerial View ...................................................................................................................................................... 20

Rent Comparables and Map .................................................................................................................. 21-22

Sales Comparables and Map................................................................................................................23-25


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18-1683/19-02

property overview

INVESTMENT HIGHLIGHTS• Unit mix: (2) 2+1, (2) 1+1

• 7,536 square foot lot (per First American Title Property Detail)

• Unit #4 has a large 16 x 12 foot private sundeck

• The property appears to have all copper plumbing throughout. (Buyer to verify)

• All units appear to have hardwood flooring under the carpets throughout the units other than the kitchen and bathroom areas. (Buyer to verify)

• Insulation in attic

• Unit 1 & 3 have newer gas wall heaters and unit 4 has 1 newer and 1 older gas wall heater

• The 2x1 units have garbage disposals

• Unit 3 has a ceiling fan

• The 1x1 units have large light filled open floor plans with walk in pantry in kitchen with eating area and a large master bedroom and vanity area off master bathroom.

• Large walk in storage area on first floor below stairwell could be rented as bike locker or storage for additional income.

• Pitched composite roof with gutters and all dual pane windows

• Carports are not “tuck under” and have a flat roof

• Individual entries to each unit

• Onsite laundry room with owned coin operated washer dryer

• Ample parking with 4 carport parking spaces with storage lockers and 2 open parking spaces

• Large rear patio area and open space allows for future amenities or additional parking

• Fenced storage/bike area and large storage shed

• Owner storage closet in covered carport area

• New two story single family residence with an attached garage being constructed next door at 689 University Dr.

• Easy access to:

• Downtown Menlo Park & Palo Alto

• Menlo Park & Palo Alto Caltrain stations

• Stanford University

• Facebook and other major employers

• Stanford Shopping Center & Stanford Research Park

• Outstanding area schools

• Ranked among the most expensive zip codes in the United States


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property overview

DETAILSAddress 675 University Drive

Menlo Park, CA 94025

County San Mateo County

APN 071-302-080

County Use Multi-Family

ATTRIBUTESUnits 4

Gross Building Square Feet 2,456

Average Unit Size (SqFt) 614

Land Area (SqFt) 7,536

Year Built 1951

Parking 4 Carports & 2 Open Spaces

CONSTRUCTIONFoundation Concrete Perimeter

Exterior Walls Stucco

Roof Building: Pitched Composition / Carport: Flat

Patio/Balcony Yes & Sundeck

Laundry Facilities Yes / Owned

Pool/Spa No


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MENLO PARKMenlo Park is one of the most educated cities in the state of California and the United States; nearly 70% of residents over the age of 25 has earned a bachelor’s degree or higher. Menlo Park is the site of Facebook’s main campus along with numerous employers and strong tenant demand. Menlo Park is one of the most desirable locations in which to live. The median home value in Menlo Park is $2,424,400. The median rent price in Menlo Park is $5,300, which is higher than the San Francisco Metro median of $3,400. Several new developments in Palo Alto and Menlo Park near 675 University Drive will continue to fuel tenant demand for high quality housing. A Of these new developments the City of Menlo Park has approved amendments to the General Plan and zoning ordinance and map proposed by the Bohannon Development Company to construct the following:

• Cafe / restaurant (4,245 square feet)

• Health club, serving hotel guests and the public (68,519 square feet)

• Hotel (171,563 square feet; 230 rooms)

• Neighborhood-serving retail and community facilities (10,420 square feet)

• Three office and R&D buildings (694,669 square feet)

• Three parking structures

• The development will take place on 2 sites totaling 15.9 acres located near the U.S. 101/Marsh Road interchange. The specific sites are located at 100 to 190 Independence Drive and 101 to 155 Constitution Drive.

B Middle Plaza at 500 El Camino Real Menlo Park. Stanford University is redeveloping an 8.4-acre site, currently addressed 300 through 550 El Camino Real, with approximately 10,286 square feet of retail/restaurant, 142,840 square feet of non-medical office, and 215 residential units. The project is fully approved and is located 2.9 miles from 675 University Drive. https://www.menlopark.org/172/Middle-Plaza-at-500-El-Camino-Real

C Station 1300 is a development to build 185 apartments, 205,000 square feet of office, 20-25,000 square feet of retail, and a public park along El Camino Real (between Glenwood and Oak Grove Avenues) in Menlo Park. http://mpcdforum.com/greenheart-project/

Source: City of Menlo Park website (menlopark.org), Wikipedia, and Zillow

BOHANNON DEVELOPMENT COMPANY MENLO GATEWAYA

GREENHART LAND COMPANY STATION 1300C

STANFORD UNIVERSITY DEVELOPMENT MIDDLE PLAZAB


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location overview - menlo park development

https://www.menlopark.org/172/Middle-Plaza-at-500-El-Camino-Real




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TOP EMPLOYERS In 2012, Facebook became the largest employer in Menlo Park and has continued to grow since that time. According to the Menlo Park’s 2017 Comprehensive Annual Financial Report, the top employers in the city were:

Facebook 7,091

Intuit Inc 3,931

SRI International 1,373

TE Connectivity 597

Pacific Biosciences 330

SHR Hotel, L.L.C. 315

E*Trade Financial

Corporation313

Intersect ENT 275

United Parcel Service 274

Safeway Inc. 245

City of Menlo Park 259

LEGEND

MENLO PARK

PALO ALTO

MOUNTAIN VIEW


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top local employers map


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M E N L O P A R K • C A L I F O R N I A

MENLO PARK - CALTRAIN STATION

CAFES & CASUAL DINING1 AMICI'S EAST COAST PIZZERIA

2 ANN'S COFFEE SHOP

3 BASKIN-ROBBINS

4 BISTRO VIDA

5 BRITISH BANKERS CLUB

6 CAFE BORRONE

7 CHEF KWAN'S

8 COFFEEBAR MENLO PARK

9 COOK'S SEAFOOD

10 FEY

11 JASON'S CAFE

12 JEFFREY'S HAMBURGERS

13 LE BOULANGER

14 MADEMOISELLE COLETTE

15 MCDONALD'S

16 MENLO CAFE

17 NAOMI SUSHI

18 PEET'S COFFEE ON SANTA CRUZ AVE

19 ROUND TABLE PIZZA

20 PEET'S COFFEE ON EL CAMINO

21 SHIOK! SINGAPORE KITCHEN

22 STACKS

23 STARBUCKS

24 SUSIECAKES

25 TRELLIS RESTAURANT

26 UNA MAS

RESTAURANTS1 BLACK PEPPER RESTAURANT

2 CAFE DEL SOL

3 CAMPER

4 GALATA BISTRO MEDITERRANEAN GRILL

5 JUBAN YAKINIKU HOUSE

6 LEFT BANK

7 MAMA COCO COCINA MEXICANA

8 PICCOLO RISTORANTE ITALIANO

9 RISTORANTE CARPACCIO

10 SULTANA MEDITERRANEAN

11 THE REFUGE MENLO PARK

COMMUNITY, ENTERTAINMENT, RECREATION1 BURGESS PARK

2 FREMONT PARK

3 JOANNA'S FACE PAINTING

4 LANDMARK'S GUILD THEATRE

5 LITTLE HOUSE ACTIVITY CENTER

6 MASONIC LODGE

7 MENLO CHURCH

8 MENLO PARK LIBRARY FOUNDATION

9 NEALON PARK

FINANCIAL1 BANK OF AMERICA FINANCIAL CENTER

2 BANK OF THE WEST

3 CHASE BANK

4 COMERICA BANK

5 FIRST REPUBLIC BANK

6 UNION BANK

7 U.S. BANK BRANCH

8 WELLS FARGO BANK

HOTELS1 BEST WESTERN PLUS RIVIERA

2 HOTEL LUCENT

3 MENLO PARK INN

4 PARK JAMES HOTEL

5 RESIDENCE INN BY MARRIOTT

6 STANFORD PARK HOTEL

PERSONAL CARE & HEALTH1 ABSOLUTELY NAILS BY KENDRA

2 BARRE3 MENLO PARK

3 CHARISMA SALON

4 EXPRESSIONS SALON

5 FOREVIVA MEDICAL CLINIQUE

6 HOLISTIC HEALTH CENTER

7 JASKO SCHROEDER SALON

8 JAZZERCISE MENLO PARK

9 LARRY'S YOGA

10 MENLO MEDICAL CLINIC

11 PERFECT WORKOUT

12 SBM FITNESS

13 ZUMBA WITH REGINE

SHOPPING & SERVICES1 BEVMO!

2 CHEEKY MONKEY TOYS

3 CVS PHARMACY

4 DRAEGER'S MARKET

5 FEDEX OFFICE PRINT & SHIP CENTER

6 GRAY'S PAINTS

7 KEPLER'S BOOKS

8 M & R AUTOMOTIVE

9 MENLO ATHERTON AUTO REPAIR

10 MENLO PARK ACE HARDWARE

11 MENLO PARK FARMERS MARKET

12 RED LANTERN CYCLES

13 SAFEWAY

14 THE UPS STORE

15 TRADER JOE'S

16 UNITED STATES POSTAL SERVICE

17 WALGREENS

TRANSPORTATION1 CALTRAIN MENLO PARK

2 SAMTRANS EL CAMINO REAL & CAMBRIDGE AVE

3 SAMTRANS EL CAMINO REAL & LIVE OAK AVE

4 SAMTRANS EL CAMINO REAL & RAVENSWOOD AVE

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menlo park amenities


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transportation map - wide view


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PALO ALTO - CALTRAIN STATION

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transportation map - wide view with samtrans and caltrain


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bay area overview

BAY AREA OVERVIEW The San Francisco Bay Area consists of nine counties with a total population nearing 7.5 million residents, making it the 5th largest metropolitan area in the United States. Of the nine counties, Santa Clara County is the most populous with nearly 2 million inhabitants. Bay Area citizens enjoy outstanding weather, world-class universities, various cultural amenities, well-paying jobs, etc. The Bay Area economy has a GDP above $500B ranking it as one of the top economies in the world.

BAY AREA HIGHLIGHTS • 7.5 million residents with the highest percentage of graduate and

professional degrees in the nation

• Bay Area economy was ranked 19th largest in the world

• Highest GDP per capita ($74,815) in the United States

• Most Fortune 500 companies in the nation, excluding New York

• Highest density of venture capital firms in the world

• Home to outstanding higher education – Stanford University, University of California at Berkeley, Santa Clara University, San Jose State University

SILICON VALLEY MAJOR EMPLOYERS

SAN FRANCISCO

DOWNTOWN SAN JOSE

• Facebook

• Intuit Inc.

• SRI International

• TE Connectivity

• Google

• Apple

• Cisco

• Microsoft

• Lockheed Martin

• LinkedIn


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area map


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local map


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property photos - exteriors


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SUNNY BEDROOM SPACIOUS LIVING ROOM

KITCHEN PANTRY VINTAGE KITCHEN

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property photos - interiors


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BUILT IN PANTRY HARDWOOD FLOORS

BATHROOM LAUNDRY ROOM

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property photos - interiors


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18-1683/19-02

valuation summary

DETAILS

Address 675 University Dr.Menlo Park, CA 94025

Price $3,488,000

Down Payment $2,092,800

Units 4

Price/Unit $872,000

Rentable Square Feet 2,456

Price/Sq Ft $1,420.20

Year Built 1951

Land Area (Sq Ft) 7,536

Current Cap Rate 1.89%

Market Cap Rate 2.85%

Current GRM 27.18

Market GRM 22.39

FINANCING

Loan Amount $1,395,200.0

Interest Rate 3.50%

Amortization 30

Debt Service $75,181

Details5-year fixed. Owner occupied

rate 3.00%

* Rates change daily.

OPERATIONS SUMMARY CURRENT MARKET

Scheduled Gross Rent $128,340 $155,760

Vacancy 2.00% ($2,567) 3.00% ($4,673)

Effective Gross Rent $125,773 $151,087

Other income $971 $4,200

Total Income $126,745 $155,287

Operating Expenses $14,752 $10,571

Non-Operating Expenses $46,220 $45,220

Total Expenses $60,972 $55,791

Net Operating Income $65,772 $99,496

Debt Service $75,181 $75,181

Net Cash Flow ($9,409) $24,315

Principal Reduction $26,776 $26,776

Total Return $17,367 $51,091


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rent roll

UNIT # TYPE SQ FT CURRENT RENT $/SQ FT MARKET RENT $/SQ FT

1 1 x 1 563 $2,200 $3.91 $2,995 $5.32

2 * 2 x 1 665 $3,395 $5.11 $3,495 $5.26

3 1 x 1 563 $2,300 $4.09 $2,995 $5.32

4 2 x 1 + Sundeck 665 $2,800 $4.21 $3,495 $5.26

Total 2,456 $10,695 $4.35 12,980 $5.29* Unit 2 is vacant. Assumes market rent for current rent.


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operations statement

OPERATIONS STATEMENT CURRENT MARKETScheduled Gross Rent $128,340 $155,760

Vacancy * 2.00% ($2,567) 3.00% ($4,673)

Effective Gross Rent $125,773 $151,087

Other income $971 $4,200

Total Income $126,745 $155,287

Maintenance $6,559 Maintenance * ($750 / unit / year) $3,000

Electricity $1,200 $1,200

Garbage $372 $372

Garbage Porter ($50/Month) $588 $588

Gas $2,792 $2,792

Water $820 $820

Landscaping $2,423 * ($150 / month) $1,800

Operating Expenses $14,752 $10,571

Real Estate Taxes (1.1092%) $38,417 $38,417

Special Assessments $5,803 $5,803

Insurance * $1,000 $1,000

Reserve * ($250 / unit / year) $1,000 $1,000

Non-Operating Expenses $46,220 $45,220

Total Expenses $60,972 $55,791

% Scheduled Gross Rent 47.51% 35.82%

Expenses/Unit $15,243 $13,948

Expenses/Sq Ft $24.83 $22.72

Net Operating Income $65,772 $99,496

* These are estimates, industry standards, or quoted figures that the new buyer might pay. Contact Brian for details, but the seller and his agents make no representation as to the accuracy of these numbers and buyer should conduct his own investigation into what his own expenses will be with the manner in which he intends to operate the building.


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UNIVERSITY DRIVE


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parcel map


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aerial view


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SUBJECT PROPERTY TOTAL UNITS TYPE SQ FT CURRENT RENT $/SQ FT

675 University Drive, Menlo Park, CA 940252 2 x 1 665 $2,500-2700 $4.06

2 1 x 1 565 $2,100-2,200 $3.89

RENT COMPARABLE #1 TOTAL UNITS TYPE SQ FT CURRENT

RENT $/SQ FT

564 University Drive, Menlo Park, CA 94025 6 1 x 1 618 $2,800 $4.53

Recently renovated 1 bedroom, 1 bathroom apartment. Unit has new appliances, hardwood floors, LED recessed lighting, and washer/dryer in unit. Carport parking available.


RENT $/SQ FT

545 University Drive, Menlo Park, CA 94025 4 1 x 1 350 $2,265 $6.47

This is a very small one bedroom unit that has not been updated. The unit features covered parking, wall heaters, and window A/C units.


RENT $/SQ FT

665 Roble Avenue, Menlo Park, CA 94025 13 1 x 1 750 $2,600 $3.47

Spacious 1 bedroom, 1 bathroom apartment that has been well taken care of. Finishes look original in kitchen and carpet throughout the unit. Bathroom has been updated with basic fixtures. One carport spot and storage unit available. Shared laundry.


RENT $/SQ FT

715 Live Oak Avenue, Menlo Park, CA 94025 6 1x1 n/a $3,300 n/a

This unit has been fully remodeled througout.


RENT $/SQ FT

718 Live Oak Avenue, Menlo Park, CA 94025 8 1 x 1 650 $2,795 $4.30

Recently renovated 1 bedroom, 1 bathroom apartment. Unit has granite counters, new stainless steel appliances, and hardwood floors throughout. Covered parking available. Shared coin-op laundry on site.


RENT $/SQ FT

723 Menlo Avenue,Menlo Park, CA 94025 8 2 x 1 850 $3,000 $3.53

This renovated unit features new LVT flooring, granite countertops, and new cabinets.


RENT $/SQ FT

857 Partridge Avenue, Menlo Park, CA 94025 11 1 x 1 n/a $2,800 n/a

This unit has been updated with new kitchen floors and countertops, while the kitchen cabinets and appliances are older. The units features hardwood and tile flooring throughout.


RENT $/SQ FT

1020 Florence Lane, Menlo Park, CA 94025 16 2 x 1 n/a $3,000 n/a

This is an older unit with new kitchen appliances, countertops, and cabinets.


RENT $/SQ FT

200 Waverley St, Menlo Park, CA 94025 10 1x1 757 $5,250 $6.94

This property and unit has been extensively remodeled througout and was rented furnished. In unit washer dryer, custom home finishes and appliances, central AC and heat. The unit has private common garage parking.


RENT $/SQ FT

743 Roble Avenue, Menlo Park, CA 94025 4 2 x 1 800 $3,200 $4.00

This is an original unit in very good condition. The unit features hardwood flooring in the living and bedroom, with laminate flooring in the kitchen and bathroom. The unit features a private patio and on-site laundry.


RENT $/SQ FT

200 Waverley St, Menlo Park, CA 94025 10 2x2 1,600 $7,700 $4.81

This unit has an extra bathroom than the subject property. This property and unit has been extensively remodeled througout and was rented on a 1 year lease. In unit washer dryer, custom home finishes and appliances, central AC and heat. The unit has a sundeck and private common garage parking.


RENT $/SQ FT

775 Menlo Avenue, Menlo Park, CA 94025 8 2x1 n/a $3,495 n/a

Fully remodeled unit with a mix of LVT flooring and refinished hardwood; brand new cabinets, countertops, and kitchen applianes.


RENT $/SQ FT

932 University Drive, Menlo Park, CA 94025 4 2X1 N/A $3,495 NA

Updated unit with a mix of hardwood and carpet flooring; older kitchen appliances and linoleum kitchen counters. G49 In unit washer and dryer.

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rent comparables


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PROPERTIES

675 University Drive, Menlo Park, CA 94025

1 564 University Drive, Menlo Park, CA 94025

2 665 Roble Avenue, Menlo Park, CA 94025

3 718 Live Oak Avenue, Menlo Park, CA 94025

4 857 Partridge Avenue, Menlo Park, CA 94025


6 715 Live Oak Avenue, Menlo Park, CA 94025

7 200 Waverley St, Menlo Park, CA 94025

8 743 Roble Avenue, Menlo Park, CA 94025

9 723 Menlo Avenue,Menlo Park, CA 94025

10 1020 Florence Lane, Menlo Park, CA 94025

11 200 Waverley St, Menlo Park, CA 94025

12 775 Menlo Avenue, Menlo Park, CA 94025



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5729 ROBLE AVENUEMENLO PARK, CA

COMMENTS:Similar location. Superior Mix. Master lease to Stanford at $5,200 / unit. Market Cap Rate and GRM assume market rent of $3,600 for 2x1.5 and $3,500 for 2x1 without master lease. Turn key in the heart of Menlo Park with good unit mix. The property has recently undergone significant capital improvements in excess of $350k, including new driveway, roof, gutters, double pane windows, stucco, decking, and renovations in all four units. Tenants have in unit W/D, covered carport parking, and storage lockers.

Price $4,300,000

Units 4

$/Unit $1,075,000

Sq Ft 4,372

$/Sq Ft $984

Unit Mix (1) 2 x 1.5, (3) 2 x 1

Cap Rate (Current) 4.08%

Cap Rate (Market) 2.30%

GRM (Current) 17.95

GRM (Market) 25.23

COE Aug-17

DOM 33

63627-29 ALAMEDA DE LAS PULGAS

MENLO PARK, CA

COMMENTS:Inferior location. Two adjacent duplexes being sold together. Current and market cap assumes maintenance and reserves expense not shown on MLS.

Price $3,988,000

Units 4

$/Unit $997,000

Sq Ft 4,710

$/Sq Ft $846.71

Unit Mix (4) 2 x 2



GRM (Current) 18.80

GRM (Market) 18.80

COE Active

DOM 131

1818 KIPLING STREET

PALO ALTO, CA

COMMENTS:Superior location in downtown Palo Alto. Well maintained with hardwood floors, carport, and shared coin-op laundry. Sold for $400k over asking after 6 DOM.

Price $3,400,000

Units 4

$/Unit $850,000

Sq Ft 3,486

$/Sq Ft $975

Unit Mix (2) 2 x 1, (2) 1 x 1



GRM (Current) 26.48

GRM (Market) 24.43

COE Apr-17

DOM 6

2111 E. CREEK DRIVEMENLO PARK, CA

COMMENTS:Good location close to both downtown Palo Alto and Menlo Park. Walk to Palo Alto or Menlo Park Cal Train. Units include hardwood floors, separate furnaces and water heaters, enclosed garage, and large private balconies or patios.

Price $3,500,000

Units 4

$/Unit $875,000

Sq Ft 4,024

$/Sq Ft $870

Unit Mix (4) 2 x 1



GRM (Current) 21.04

GRM (Market) 20.25

COE Jun-17

DOM 42

3468 MARGARITA AVENUE

PALO ALTO, CA

COMMENTS:Inferior location. Large light filled 1/1 units with open floor plans and real hardwood flooring. New composition tile roof and insulation done in 2012. Complete sewer lateral and driveway in 2015. Individual hot water heater and W/D in each unit. Upstairs units have AC. Carport parking available in back. 22 days on market. Multiple offers. Sold contingent free at list price.

Price $2,880,000

Units 4

$/Unit $720,000

Sq Ft 3,186

$/Sq Ft $904

Unit Mix (4) 1 x 1



GRM (Current) 27.15

GRM (Market) 21.64

COE Oct-18

DOM 22

4702 CLARA DRIVEPALO ALTO, CA

COMMENTS:Fully remodeled interior and exteriors with above market rents in place.

Price $3,505,000

Units 4

$/Unit $876,250

Sq Ft 3,560

$/Sq Ft $985

Unit Mix (4) 2 x 1



GRM (Current) 19.02

GRM (Market) 19.02

COE Oct-16

DOM 120

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sales comparables


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PROPERTIES PRICE UNITS $/UNIT SQ FT $/SQ FTCURRENT CAP RATE

MARKET CAP RATE

CURRENT GRM

MARKET GRM

COE

675 University Drive Menlo Park, CA $3,488,000 4 $872,000 2,456 $1,420.20 1.48% 2.82% 30.60 22.57 Active

1 818 Kipling Street Palo Alto, CA $3,400,000 4 $850,000 3,486 $975.33 2.37% 2.68% 26.48 24.43 Apr-17

2 111 E. Creek Drive Menlo Park, CA $3,500,000 4 $875,000 4,024 $869.78 3.25% 3.35% 21.04 20.25 Jun-17

3 468 Margarita Avenue Palo Alto, CA $2,880,000 4 $720,000 3,186 $903.95 1.97% 3.06% 27.15 21.64 Oct-18

4 702 Clara Drive Palo Alto, CA $3,505,000 4 $876,250 3,560 $984.55 3.91% 3.91% 19.02 19.02 Oct-16

5 729 Roble Avenue Menlo Park, CA $4,300,000 4 $1,075,000 4,372 $983.53 4.08% 2.30% 17.95 25.23 Aug-17

6 3627-3629 Alameda De Las Pulgas

Menlo Park, CA $3,988,000 4 $997,000 4,710 $846.71 3.70% 3.70% 18.80 18.80 Active

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sales comparables


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1818 KIPLING STREET

PALO ALTO, CA

2111 E. CREEK DRIVEMENLO PARK, CA

3468 MARGARITA AVENUE

PALO ALTO, CA

4702 CLARA DRIVEPALO ALTO, CA

5729 ROBLE AVENUEMENLO PARK, CA

63627-29 ALAMEDA DE LAS PULGAS

MENLO PARK, CA


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sales comparable map

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Documents

OFFERING MEMORANDUM 675 UNIVERSITY DRIVE · BRIAN HENRY 650.823.1220 [email protected] PAGE 4 675 UNIERSITY RIE ENLO PAR CALIFORNIA 1163/12 property overview DETAILS Address 675