Investment Overview

SINGLE-TENANT LIGHT INDUSTRIAL BUILDING 760 San Antonio Road is single-tenant light industrial property located near the intersection of San Antonio Road and Leghorn Street. The building measures +/-9,979 gross square feet and is situated on a 0.67-acre site. Approximately 30% of the building is improved with office space, with the remaining 70% currently utilized for warehouse use. Additionally, there is bonus mezzanine area with an office and storage space that is not included in the gross building area. Loading is provided by one recessed interior dock door and one grade door. There are 20 parking spaces on site, for a ratio of 2.00 per 1,000 square feet. EXCELLENT OWNER/USER OPPORTUNITY This is an excellent opportunity for an owner/user to acquire a good-quality building in Palo Alto with flexible zoning. Permitted uses in the Service Commercial zoning district include business and trade schools, churches and religious institutions, private educational facilities, administrative office services, professional and general business offices, personal services, general business services, banks and financial services, and day care centers. The location and visibility of the property make it ideal for a business owner looking for strong identity and easy access. RESIDENTIAL REDEVELOPMENT POTENTIAL The site is in an area targeted by the city for residential redevelopment; several properties along San Antonio Road have been proposed for redevelopment or are in the planning stages. The parcel is part of the Housing Incentive Program, which increases the potential density for selected properties, and has also been included in the list of Residential Opportunity Sites in the city’s 2023-2031 Housing Element. Based on the nearby proposed and approved projects, the subject site could be redeveloped at a density exceeding 90 units per acre. EXCELLENT ACCESS AND VISIBILITY San Antonio Road is a primary traffic carrier in Palo Alto; more than 32,000 vehicles pass the site each day. The building has great exposure for users that want a high-profile location with good identity and signage. The site is about one-half mile from an interchange with US Highway 101, providing excellent regional access. Middlefield Road connects with San Antonio Road just south of the property and is a major surface traffic carrier in Palo Alto and Mountain View. HEART OF SILICON VALLEY The property is located in Palo Alto, which is credited as being the birthplace of Silicon Valley. The world’s largest technology companies are headquartered in the area, including Apple, Google, Facebook, Cisco, and Oracle. Sili¬con Valley consistently receives more than 40% of all venture capital funding in the United States and is a center of technological innovation. Palo Alto is at the heart of the most concentrated high-tech digital region in the world.