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Downtown Office,Retail,Restaurant, 5 parking+ 151-161 Homer Ave
680 - 2,000 SF of Office/Retail Space Available in Palo Alto, CA 94301
Highlights
- Downtown Palo Alto next to Whole Foods, Peets, Philz Coffee, Caltrain. Daytime Employment 33,865 within 1 mile. 2024 Avg Household Income $191,911.
- Tall, 15 foot ceilings and extensive window line. Lots of natural light.
- Five (5), unreserved parking spaces in Whole Foods lot at 160 Homer included in lease!
- Divisible with two existing entrances.
- 2 Conference Rooms, 12'x'14 and '12 x '16. 2 Private Restrooms and Kitchenette. 2 Open Office Areas.
- Easy, free street parking (2 hours). $75/month permit city garage parking nearby.
Space Availability (1)
Display Rent as
- Space
- Size
- Ceiling
- Term
- Rent
- Service Type
| Space | Size | Ceiling | Term | Rent | Service Type | |
| 1st Floor, Ste 777 | 680-2,000 SF | 15 ft | 1-5 Years | £56.71 /SF/PA £4.73 /SF/MO £610.46 /m²/PA £50.87 /m²/MO £113,427 /PA £9,452 /MO | Triple Net |
1st Floor, Ste 777
Zoned for either Office or Retail. Five (5), unreserved parking spaces in Whole Foods lot at 160 Homer included in lease! 680 sf, or 1,320 sf, or 2,000 sf. Already divided with doors between.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 2 - 16 People
- 2 Conference Rooms
- Finished Ceilings: 15 ft
- Space is in Excellent Condition
- Central Air and Heating
- Kitchen
- Private Restrooms
- Security System
- High Ceilings
- Exposed Ceiling
- Natural Light
- After Hours HVAC Available
- Open-Plan
- Display Window
- Downtown Palo Alto by Whole Foods
- Plentiful Parking: 5 Spots + Street & Garage.
- 15 Foot Ceilings, Bright Natural Light with Blinds
- Close to Caltrain Station
- Modern Int: 2 private restroom, kitch, 2 conf
- Strong HVAC
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 151-161 Homer Ave , Palo Alto, CA 94301
| Min. Divisible | 680 SF | Gross Internal Area | 8,775 SF |
| Property Type | Retail | Year Built | 1941 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.57/1,000 SF |
| Min. Divisible | 680 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Internal Area | 8,775 SF |
| Year Built | 1941 |
| Parking Ratio | 0.57/1,000 SF |
About the Property
Please call me to discuss, Alex Kent, Property Manager and Exclusive Broker, 650-793-0541. 2,000 sf x $5.99/sf NNN base rent + $1.20/sf CAMs = $14,380.00 per month gross plus utilities. Five (5), unreserved parking spaces in Whole Foods lot at 160 Homer included in lease! Easy 2 hour street parking, plus City parking for employees is only $75/month in the University Ave area. https://www.cityofpaloalto.org/Departments/Transportation/Parking/Employees 777 High St, Palo Alto, CA 94301 2024 – 1 Mile Daytime Employment 33,865 2024 Avg Household Income $191,911 Do a VIDEO TOUR of 777 High Street! https://rwilbur.sharepoint.com/:v:/s/Shared/Edk-x0Nv545OmQJkKilh50UBOlh22OzfCnq3CWS6nN_1Dw?e=XaFv1A Uses: "office space and convenient neighborhood-serving uses such as a grocery store, hardware store, gymnasium, day spa, and restaurants", retail.
- 24 Hour Access
- Property Manager on Site
- Security System
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Nearby Major Retailers
-
Anne Wilbur -
Wilbur Properties
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Downtown Office,Retail,Restaurant, 5 parking+ | 151-161 Homer Ave
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