Ladera Professional Center is on the Market for First Time in 50 Years
CBRE has been awarded the listing of Ladera Professional Center, an office property in Portola Valley, CA. The listing marks the first time the asset has been on the market in nearly 50 years.
Charlie Strouss, Jonathan Ziegler, Yvonne Hsiung, Bob McSweeney and Todd Husak of CBRE’s Palo Alto office are marketing the Ladera Professional Center for sale on behalf of the owner, a private family investor.
Located at 3200-3280 Alpine Rd., the 23,420-square-foot property was originally built in 1964 on a 2.66-acre site. The asset is comprised of seven single-story buildings that are fully leased to six tenants. The property features 106 parking spaces and is in walking distance to numerous retail amenities.
“The barriers to entry in the Portola Valley office market are extremely high and we rarely see assets of this caliber trade,” said Strouss. “This property benefits from the area’s strong demographics, low inventory of office product and proximity to many of the Bay Area’s most prominent cities.”
Ladera Professional Center is less than one mile from I-280 which connects Portola Valley to the rest of the Bay Area. It is four minutes to Sand Hill Road and five minutes to Stanford. The asset is located approximately 35 miles south of San Francisco and 20 miles northwest of San Jose.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.