Updated Jul 10, 2025
Mike Field Of Mecah Ventures And Robert Wheatley Of Wheatley Properties Acquire Palo Alto Office For $6.8M
1870 Embarcadero Road
$6,800,000
$202/SF
Building Size
33,638 SF
Asset Type
Office
Closing
Jul 9, 2025
About this deal
AI
Mecah Ventures and Wheatley Properties acquired a 33,638-square-foot Class A office building located at 1870 Embarcadero Road in Palo Alto for $6.8 million. The property will be repositioned as Office/R&D space with upgraded power infrastructure.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,800,000
- Square Footage: 33,638
- Price Per Square Foot: $202
- Buyer: Mike Field - Mecah Ventures
- Buyer: Robert Wheatley - Wheatley Properties
- Market: Palo Alto
- Address: 1870 Embarcadero Road
The acquisition was facilitated by the collaboration of Mike Field and Robert Wheatley, both of whom play significant roles in their respective companies focused on the development and management of commercial properties.
On the Map
$6,800,000
$202/SF
Office
View full map
Players
Palo Alto Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Palo Alto office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93