Value Add Office Property Sells for Nearly $600/SQF on the El Camino Real

Colliers, San Francisco Bay Area, Facebook, Menlo Park, Apple, Cupertino, NetFlix, Los Gatos, GooglePlex, Mountain View, Stanford University, Briggs Development Corporation, Toyota Research Center

Two Story Image Office Building Sale

Los Altos – Colliers proudly announces the sale of 4410 El Camino Real. This location offers companies that synergize with the top technology players of the San Francisco Bay Area a front row seat. At the centerpoint of the “FANGS” zone, the property is close to Facebook, Menlo Park, Apple, Cupertino, NetFlix, Los Gatos, GooglePlex, Mountain View and Stanford University. The buyer, Briggs Development Corporation, plans to revitalize the Class A project and improve the building and lot with the latest amenities.

This Core Location is across the street from Lennar’s 204 Unit Multi-Family Development, adjacent to The Toyota Research Center and is blocks away from Summerhill’s 211 Unit Multi-Family Development. Additional highlights include below grade and surface parking, excellent street visibility, and walking distance to The Village at San Antonio Center with its wide array of restaurants, retail stores and other modern amenities.

Briggs Development is a privately owned real estate development firm focused on adding value to commercial real estate assets throughout Northern California.

The Colliers team included Jason Allen, Dan Bergen and Doug Marks and utilized the resources of multiple Peninsula/Silicon Valley offices to assure a successful transaction for their client, 4410 Los Altos, LLC.

Colliers International represents a large Wealth Management client and is now actively searching for additional properties to purchase along El Camino Real’s Palo Alto, Los Altos, Mountain View stretch.

About Colliers International Group
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry-leading global real estate services company with 15,000 skilled professionals operating in 68 countries. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm.

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