Mountain View: an office and a retail building in a main location, such as Mountain Views Lively Downtown District, has become a new west victim in values for the commercial properties of the Bay area.
The building, in 215 Castro Street, was purchased for $ 10 million, according to documents presented on April 11 with the Santa Clara County Registrar office.
That price was medium -54.5% below the estimated value of $ 22.4 million for the building in January 2024, as calculated by the Santa Clara County Advisor office.
Kenson Ventures, acting through an affiliate, bought the three -story building, according to the county documents.
The building totals 25,400 square feet, according to the Newmark runners, a commercial real estate firm, which organized the purchase of the property.
The retail spaces of the ground floor are rented to the pastry of Alexander, Pokeworks and St. Stephen’s Green, according to the Newmark Steven Golubchik, Ramsey Daya, Edmund Najera, Chris Moritz, Darren Hollak, Darren Hollak runners, Francesca Zappula and Brenda Zappula and Brendaaa Zappulaa Zappulaa and Zappula and Zappula and Zappula and Zappula.
Among the possible reasons of the great price discount in the agreement: the second and third floor office spaces are empty.
Newmark pointed out that the location of the building is located in one of the districts of the first level city center in the Bay area.
“Castro Street is the main retail and restaurant destination in Mountain View, with more than 75 restaurants and shops along the street and inside Walking Diance,” Newmark said in a prepared launch.