Big Property Ventures And Baskin Investment Group Acquire Retail Property In Downtown Palo Alto For $17.2M

A retail property located at 384 University Avenue in Downtown Palo Alto was recently sold. The property has a total square footage of 12,000, with a price per square foot of $1,425. The transaction took place on August 12, 2022, and the sale price amounted to $17,200,000.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17,200,000
• Address: 384 University Avenue
• Market: Downtown Palo Alto
• Square Footage: 12,000
• Price Per Square Foot: $1,425

The buyers of the property were Big Property Ventures & Baskin Investment Group, represented by Bryan Baskin. The sellers were Rapp Development, represented by Roxy Rapp & Chase Rapp.