{"id":1004182377,"date":"2017-06-29T08:05:26","date_gmt":"2017-06-29T16:05:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004182377"},"modified":"2022-12-08T19:08:10","modified_gmt":"2022-12-09T03:08:10","slug":"bay-area-office-asset-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bay-area-office-asset-changes-hands\/","title":{"rendered":"Bay Area Office Asset Changes Hands"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004182378\" style=\"width: 383px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/855-Oak-Grove-Ave.-in-Menlo-Park-Calif..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004182378\" data-attachment-id=\"1004182378\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bay-area-office-asset-changes-hands\/855-oak-grove-ave-in-menlo-park-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/855-Oak-Grove-Ave.-in-Menlo-Park-Calif.-e1498737141920.jpg\" data-orig-size=\"706,530\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;Jeff Peters - Vantage Point Phot&quot;,&quot;camera&quot;:&quot;NIKON D810&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1492530393&quot;,&quot;copyright&quot;:&quot;\\u00a9 2017  Jeff Peters -  Vantage Point Photography Inc.&quot;,&quot;focal_length&quot;:&quot;18&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.016666666666667&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"855 Oak Grove Ave. in Menlo Park, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;855 Oak Grove Ave. in Menlo Park, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/855-Oak-Grove-Ave.-in-Menlo-Park-Calif.-e1498737141920.jpg?w=706\" class=\"wp-image-1004182378 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/855-Oak-Grove-Ave.-in-Menlo-Park-Calif.-e1498737141920.jpg\" alt=\"855 Oak Grove Ave. in Menlo Park, Calif.\" width=\"373\" height=\"280\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/855-Oak-Grove-Ave.-in-Menlo-Park-Calif.-e1498737141920.jpg 706w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/06\/855-Oak-Grove-Ave.-in-Menlo-Park-Calif.-e1498737141920.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 373px) 100vw, 373px\" \/><\/a><p id=\"caption-attachment-1004182378\" class=\"wp-caption-text\">855 Oak Grove Ave. in Menlo Park, Calif.<\/p><\/div>\n<p>Robert Wheatley Properties has purchased an 18,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/bohannon-earmarks-145m-for-menlo-park-project\/\">Menlo Park, Calif. office building<\/a>\u00a0from Oak Grove Associates. The property changed hands for $15.5 million. At the time of the transaction, the asset was 94 percent occupied. CBRE\u2019s Scott Prosser, Seth McKinnon and Jack DePuy represented the seller.<\/p>\n<h2>Attractive location<\/h2>\n<p>The two-story building is located at 855 Oak Grove Ave., in the heart of Menlo Park, near the intersection of Santa Cruz. The asset offers convenient access to transportation, dining and shopping options, including Santa Cruz Avenue &amp; Evelyn Street Bus Station, The Refuge and LB Steak Menlo Park.<\/p>\n<p><em>\u201cOffice building offerings in downtown Menlo Park are a rarity. This opportunity generated strong interest, resulting in buyer selection within a week from launching to the market,\u201d<\/em> Prosser said in a prepared statement.<\/p>\n<p><em>Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Robert Wheatley Properties paid $15.5 million for a two-story, 18,353-square-foot office building in Menlo Park, Calif. CBRE arranged the transaction on behalf of the seller, Oak Grove Associates.<\/p>\n","protected":false},"author":753,"featured_media":1004505990,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21742,21747,1609,15],"tags":[32789,36488,36473],"class_list":["post-1004182377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-latest","category-office","category-san-francisco","category-west","tag-cbre","tag-oak-grove-capital","tag-robert-wheatley-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bay Area Office Asset Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bay-area-office-asset-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bay Area Office Asset Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Robert Wheatley Properties paid $15.5 million for a two-story, 18,353-square-foot office building in Menlo Park, Calif. 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