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Offering Memorandum DOWNTOWN OFFICE 616 RAMONA STREET, PALO ALTO, CA BUILDING FOR SALE BRAD EHIKIAN | Partner JON GOLDMAN | Partner JESSE EBNER | Vice President OFFERING MEMORANDUM dre license #01736391 dre license #01295503 dre license #02055989 650.618.3001 650.618.3003 650.618.3017 [email protected] [email protected] [email protected] CONFIDENTIALITY & DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Premier Properties and should not be made available to any other person or entity without the written consent of Premier Properties. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Premier Properties has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however Premier Properties has not verified and will not verify any of the information contained herein, nor has Premier Properties conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. EXECUTIVE SUMMARY Premier Properties, as the exclusive listing broker, is pleased to present the opportunity to acquire 616 Ramona Street, Palo Alto. This ±7,546 Sq. Ft. two-story office building boasts an unbeatable location in the heart of downtown Palo Alto, surrounded by the best restaurants and amenities that downtown offers. The transportation needs of the tenants are satisfied by the CalTrain Station just three blocks away and the City Hall parking garage across the street. The central atrium and extensive window line provide natural light to all areas of the building. The zoning of this parcel is CD-C (P), which is Downtown Commercial - Community. ADDRESS 616 Ramona Street, Palo Alto, California APN 120-27-012 BUILDING SIZE ±7,546 Sq. Ft. PARCEL SIZE ±5,125 Sq. Ft. / ±0.12 A c r e ( P e r P u b l i c R e c o r d ) ZONING CD-C (P) PRICING Unpriced PROPERTY PHOTOS FLOOR PLANS #2 FIRST FLOOR PLAN #3 #4 #25 #23 #22 #27 #15 second FLOOR PLAN #20 #26 #19 #18 #24 #17 AMENITIES AERIAL SHOPPING / SERVICES RESTAURANTS BANKS 1 B8ta Palo Alto 1 Saint Michael Alley 1 Avid Bank 4 Tasso St 10 2 Footwear Etc 2 Palo Alto Creamery 2 Boston Private 3 Verizon 3 Evvia 3 Comerica Bank Kipling St 10 4 Design Within Reach 4 Orens Hummus 4 Bank of America Cowper St 6 5 Restoration Hardware 5 Reposado 5 Presidio Bank 2 10 W 6 Shinola 6 Osteria 6 Stanford Credit Union a 1 verley S 7 8 7 Sprint Store 7 Local Union 7 Wells Fargo Hawthorne Ave 42 t 43 13 8 Palo Alto Bicycles 8 Rangoon Ruby 8 City National Bank 2 37 44 9 Natural Mattress Store 9 Pizza Delfina 9 Chase Bank Everett Ave 5 10 E-bike Annex 10 Tamarine 10 HSBC Bank 40 4 41 11 Rejuvenation 11 Yayoi Palo Alto 11 Union Bank 11 18 Bryant St 5 1 12 West Elm 12 Crepevine 12 E*TRADE Bank 11 11 Lytton Ave 13 Apple Store 13 Pizza My Heart 13 Bank of The West 12 4 1 14 Jos. A. Banks 14 La Strada Ramona St 30 22 32 15 Keen Garage 15 Joya 15 33 14 13 7 16 Patagonia 16 Pampas 11 7 31 W 17 Vans 17 Tacolicious University Ave 32 COFFEE averley S 18 lululemon 18 Dan Gordon’s 7 5 20 Emerson St 3 1 Starbucks 8 22 4 15 19 UPS Store 19 Nola 28 t 2 Philz Coffee 14 23 29 33 20 Walgreens 20 The Old Pro 26 21 Hamilton Ave 3 Coupa Cafe 33 36 19 3 25 21 Bells Books 21 Zola 3 36 4 Café Venetia 34 8 35 19 9 22 CVS 22 Bird Dog 24 30 17 20 5 Blue Bottle Café 39 25 23 6 24 Bryant St 23 Warby Parker 23 Ramen Nagi 26 13 37 6 Peets 38 High St 24 Good Vibrations 24 Steam 10 7 616 Ramona St 3 8 12 7 Bistro Maxine 27 6 25 Nest Bedding 25 Patxis 35 8 Ramona St 8 Joe & the Juice 27 5 26 The Shade Store 26 Wahlburgers 9 9 34 21 9 Verve Forest Ave 27 Mac’s Smoke Shop 27 Lemonade 2 29 Mademoiselle Colette 12 28 Timothy Adams 28 Nobu 10 28 Paris Baguette 29 Rumble Fitness 29 Curry Up Now 11 18 9 30 Form Fitness 30 Subway 16 17 16 High St 31 Whole Foods 31 SliderBar Emerson St 32 US Postal Service 32 Ethlys Fancy 33 Stanford Theatre 33 Tai Pan Alma St Homer Ave 31 34 Aquarius Theatre 34 Sprout Café 35 Juut Salon 35 Bare Bowls El Camino Rea Urban Ln 2 6 36 Edge Hair Salon 36 Salt and Straw 37 Garden Court 37 sweetgreen l 38 Darbar Indian Cuisine 1 39 Scoop 40 Sushirrito 41 Cream 42 Cielo 43 Gyros Gyros 44 Il Fornaio TRANSPORTATION AERIAL Downtown San Francisco San Francisco Int. Airport PLANES TRAINS SJC - 16 miles San Francisco - 58 min SFO - 19 miles Milbrae - 37 min OAK - 28 miles San Jose - 17 min 101 Downtown AUTOMOBILES Redwood City (122,000 VPD) San Francisco - 38 miles Bayshore Fwy 280 Downtown San Jose - 19 miles ) PD (227,900 VPD) Downtown Oakland - 34 miles V 0 0 3 , 7 3 ( Stanford l a Medical Center e Stanford R Dowtown Shopping Center o in Menlo Park S m and a Hill C Rd (3 l 1,468 VPD) E Stanford University CalTrain Rail Line Downtown Palo Alto Palm Dr Dowtown Palo Alto University Ave (18,700 VPD) 616 Ramona St PARCEL MAP DEMOGRAPHICS MEDIAN AGE MEDIAN NET WORTH FAMILIES $271,524 ONE-MILE POPULATION: 17,883 42.3 4,152 AVERAGE HOUSEHOD INCOME FAMILIES 4,152 $238,302 Average Owner Occupied Renter Occupied Median Average Household Size: 2.14 Housing Units: 3,604 Housing Units 1,580 Household Income 4,606 Household Income $180,389 MAJOR EMPLOYERS Data for all businesses in area 1 mile 3 miles 5 miles Total Businesses: 2,397 7,930 14,270 Total Employees: 32,332 134,081 218,119 Total Residential Population: 17,813 146,031 274,403 Employee / Residential Population 182 92 79 Ratio (per 100 Residents) AREA DEMOGRAPHICS About Palo Alto, CA Palo Alto is a community of approximately 67,082 residents. Part of the San Francisco Metropolitan Bay Area and the Silicon Valley, Palo Alto is located within Santa Clara County and borders San Mateo County. The City’s boundaries extend from San Francisco Bay on the east to the Skyline Ridge of the coastal mountains on the west, with Menlo Park to the north and Mountain View to the south. The blend of business and residential areas anchored by a vibrant downtown defines Palo Alto’s unique character. A charming mixture of old and new, Palo Alto’s tree-lined streets and historic buildings reflect its California heritage. At the same time, Palo Alto is recognized worldwide as a leader in cutting-edge technological development. This exciting mix of tradition and innovation makes Palo Alto an extraordinary place in which to operate a business. Unique among California cities, Palo Alto is a full-service municipality that owns and operates its gas, electric, water, sewer, refuse and storm drainage services at very competitive rates for its customers. AREA DEMOGRAPHICS Destination: Palo Alto Stanford University Palo Alto, Stanford and the surrounding communities offer activities for all ages Stanford University’s Hoover Tower is a and interests. For out-of-town visitors, attractions that top the list of must sees landmark to Stanford students, faculty include a trip to the Stanford University campus, where attractions include and alumni, and local residents. At the top of the 285-foot tower, on the Hoover Tower, Memorial Church, Cantor Arts Center, Rodin Sculpture Garden observation deck, visitors can take and a central campus bustling with activity. in sweeping views of the Stanford campus, the foothills and the Bay Area. But surrounding Stanford are plenty of other places worth visiting. Although not open to the public, the original (and restored) garage where David Packard and Bill Hewlett started Hewlett-Packard can be seen from the street. The Computer History Museum in Mountain View offers a low-key view of the development of Silicon Valley. Cantor Arts Center Currently exhibiting art in 24 galleries, Gardening enthusiasts should be sure to visit the Gamble Garden in Palo Alto the Cantor Arts Center was established and the Filoli Estate & Gardens located on a beautiful estate west of Redwood in tandem with the founding of the Stanford University itself. The Stanford City about a 15-minute drive north on Interstate 280. family created the museum to display their personal collection of objects Kids will enjoy the Palo Alto Junior Museum & Zoo, the small Museum of of art and cultural interest; now, the museum’s collections are more American Heritage in downtown Palo Alto offers a look at America’s inventions, impressive than ever.
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