Investment Overview

800 San Antonio Road represents the rare opportunity to obtain a fully approved and entitled development site within the heart of thriving Silicon Valley. Situated on a 0.88-acre site within the highly sought after city of Palo Alto, the subject site offers the ability to create a new community just a short distance from Stanford University, top high-tech employers, a vibrant shopping district, and recreation opportunities. The subject is approved for redevelopment with 75 residential condominiums contained in a five-story structure with two levels of subterranean parking. Floor plans include a mix of one-bedroom, two-bedroom, and three-bedroom units. Sixty of the units will be offered at market rate, with 15 units designated as below market rate. Additionally, there will be one commercial unit on the ground floor. 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, Adobe, Intel, Cisco, and Nvidia. Silicon 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.