Investment Overview

SILICON VALLEY INVESTMENT OPPORTUNITY Marcus & Millichap is pleased to present 725-729 Santa Cruz Avenue, a 9,389 square foot building currently in use for retail and office. The property is 60.1% occupied with seven tenants and five vacancies. It is centered on Santa Cruz Avenue, one of the most well-known streets in Menlo Park. This block sees heavy pedestrian foot-traffic as well as drivers. Santa Cruz ends at El Camino Real and last reported, the intersection of had a traffic count of over 32,000 vehicles per day. EXCELLENT ACCESS TO AMENITIES The subject site is centered in the dense retail strip of Santa Cruz Avenue, right next to a Trader Joe’s, Wells Fargo and Goodwill Boutique location. The strip contains a Post Office, Ace Hardware, Peet’s, Starbucks, Subway, Round Table Pizza, Mountain Mike’s Pizza, Cold Stone Creamery, US Bank, Union Bank, as well as many other local eateries, salons, shops, fitness centers, optometrists, dentists, and medical offices. Most well-known for its diverse range of offerings, this is a busy location for residents, community gatherings, business lunches, and a stopping point for commuters passing through. MAJOR EMPLOYERS The site is centered between employment centers in Palo Alto and Mountain View as well as major employers located in the Peninsula. Major employers just south include Google, Intuit, Microsoft, Tesla, HP Inc., Varian Medical Systems, LinkedIn, Samsung, Nokia, and Lockheed Martin. Major employers just North include Meta, Instagram, Robert Half, Genentech, Nektar and many other major biomedical companies. Silicon Valley continues to be a hub for innovation in both technology and biomedical research, and is expected to maintain its dominant presence as major contributors to the employment of the immediate and surrounding areas. EXCEPTIONAL DEMOGRAPHIC PROFILE The estimated median household income within a 5-mile radius is $152,453 in 2022, more than double the national median household income of $70,784. The city has a highly-educated workforce, with more than 60.7% of the population over the age of 25 having a Bachelor’s or graduate degree. The population has grown by 10.4% since 2000 and is projected to grow another 2.93% by 2027 to 282,036.