Bayshore Bio, Palo Alto, CA

  • 2 building R&D/Life Science project totaling 56,369 sf located in Palo Alto, CA.
  • 2197 E Bayshore Road is a 23,000 sf single story R&D building that is currently 100% leased to DeepMap, Inc., which provides HD mapping solutions for autonomous vehicles. The property was recently renovated in 2016.
  • 2225 E Bayshore Road is a 36,098 sf two-story life science conversion property. The building will undergo extensive renovations including exterior and landscape modernization and build out of interior lab space desired by biotech tenants in the market.
  • Purchased under Graymark’s Life Science Program, which focuses on well-located infill projects in major life science clusters.
  • Strong location within 3 miles of Stanford University and with direct access to Highway 101.
  • Tenant demand is driven by proximity to Stanford and the submarket’s growing reputation as a life science and technology cluster. Alexandria, Longfellow, Bioscience properties and Google all have significant holdings around the subject properties.
  • Properties were purchased at a significant discount to replacement cost.