Investment Overview

700 & 710 Coleman Ave is an exceptional 15-unit multifamily asset located in the thriving city of Menlo Park. Situated on a large 16,250 square foot parcel of land, the subject property was originally constructed in 1955 andhas a gross building area of 13,543 square feet, offering its tenants beautifully designed two-bedroom and one-bedroom floor plans. The subject property also offers tenants convenient amenities such as private covered parking and an on-site laundry facility. 700 & 710 Coleman Ave boasts a prime location positioned within close proximity to Downtown Menlo Park and Downtown Palo Alto. These vibrant areas offer an abundance of upscale shops and restaurants, creating a pedestrian-friendly ambiance. With its excellent walk and bike score, 700 & 710 Coleman Ave provides convenient access to prestigious educational institutions such as Stanford University, Menlo College, Sacred Heart Prep, and Menlo-Atherton High School. The subject property also offers convenient access to regional lifestyle and employment centers of San Jose and San Francisco. Additionally, the Stanford Research Institute (SRI) is redeveloping its 63-acre headquarters, located just north of the subject property. This mixed-used redevelopment project is expected to offer a combination of ofce/R&D buildings, residential housing units, recreational space, and direct transit links. Additional information on the SRI redevelopment project can be found on the following page titled "SRI Parkline Development Project". The investment appeal of this asset is driven by Menlo Park’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Silicon Valley, 700 & 710 Coleman Ave presents an attractive choice for tenants and residents due to its proximity to major employers, educational institutions, transportation corridors, shopping, dining, and entertainment options.