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Home Commercial CIM Group Sells 490 California in Palo Alto for $14M, 58% Below 2018 Purchase Price
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CIM Group Sells 490 California in Palo Alto for $14M, 58% Below 2018 Purchase Price

September 11, 20253 Mins read1.4k
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Palo Alto
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Developers Snap Up Distressed Asset for $14 Million, Plan Venture Capital Hub as South Peninsula Shows Signs of Recovery Premia Capital and Prince Street Partners have acquired 490 California Avenue in Palo Alto for $14 million ($770 per square foot) in a deal that underscores both the deep discounts available in today's commercial real estate […]

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