Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in 2055 - 2075 Woodside Road (the “Property” or “2055 - 2075 Woodside”). The Property is conveniently located off of Interstate 280 on the corner of Alameda de Las Pulgas and Woodside Road. Situated on a 1.7-acre fee-simple parcel, the 100% leased Property contains 27,837 rentable square feet with 3.1 years of weighted average lease term and rents that are 26% below market. The multi-tenanted Property consists of two buildings with separate entries and lobbies. Additionally, 2055-2075 Woodside benefits from proximity to several affluent suburban communities including Atherton, Woodside, Portola Valley, Palo Alto and Menlo Park. The Property is located within a few miles of Woodside Plaza Shopping Center, various dining options in the Town of Woodside and Sharon Heights Shopping Center on Sand Hill Road.
Although technically a Redwood City address, the Property is closer to Sand Hill Road, the Middlefield Corridor and downtown Menlo Park. There are very limited options for tenants that desire proximity to Interstate 280, further enhancing the desirability of the Property. Redwood City has also proved resilient throughout the pandemic maintaining a 7.0% vacancy rate and $6.00+ NNN rents across the 4.8 million square foot submarket.
2055 - 2075 Woodside offers investors the rare opportunity to acquire an office asset in the highly-affluent Peninsula location with attractive cash yields and future mark-to-market at an attractive basis.
- Rare, boutique suburban office asset
- Durable cash flows with opportunity for growth
- Proximate location to the heart of the venture capital world - Sand Hill Road
- Compelling fundamentals at a discount to neighboring submarkets
- Limited office inventory with I-280 adjacency
- Location amongst prestigious executive housing communities