Source: United States General Services Administration
June 13, 2022
17.36-acre property now available in Menlo Park
SAN FRANCISCO — The U.S. General Services Administration (GSA) announces the start of a public sale of Rockaway Grove on Tuesday, June 21, 2022. GSA encourages developers, investors, and other potential buyers to consider this opportunity to purchase this 17.36+/-acres property in the highly desirable community of Menlo Park, Calif.
Rockaway Grove is located at 345 Middlefield Road, Menlo Park, Calif., 94025. The property is improved with 17 individual buildings ranging from 470 to 159,555 gross square feet. The buildings range in various uses such as office, laboratory, storage, maintenance, a childcare center, cafe and credit union.
Currently, the property’s principal tenant is the United States Geological Survey (USGS). The USGS is in the process of moving to the NASA Ames Research Center located at Moffett Field, Mountain View, Calif. The SRI International headquarters campus facility is to the west and south of the property. In front of the SRI facility along Middlefield Road is the Menlo McCandless Office Center. Across Middlefield Road from the property is the St. Patrick’s Seminary. Further west of the property are large single-family residences, followed by the Menlo-Atherton High School.
This property was identified as one of the properties for the high-value round under the Federal Asset Sale and Transfer Act (FASTA – PL 114-287). Under the FASTA legislation, proceeds from property sales in the high-value round will be used to fund further potential sales of unneeded federal property and consolidation actions to save taxpayer funds.
About the Online Auction
- The auction is scheduled to start on Tuesday, June 21, 2022 at 9:00 am (Pacific Time) on RealEstateSales.gov.
- Each bidder is required to submit a bid registration of $750,000 and the minimum opening bid is $120,000,000 (USD).
- Additional information about the property and the auction can be found online at RealEstateSales.gov and gsa.gov/rockawaygrove
Property Tours
- The property will be open for tours by appointment only for registered bidders who have paid the registration deposit of $750,000.
- The inspection tour dates and times:
- Monday June 27, Tuesday June 28, & Wednesday June 29, 2022
(9:30 a.m. / 11:00 a.m. / 1:30 p.m. / 3:30 p.m.) - Monday July 18, Tuesday July 19, & Wednesday July 20, 2022
(9:30 a.m. / 11:00 a.m. / 1:30 p.m. / 3:30 p.m.)
- Monday June 27, Tuesday June 28, & Wednesday June 29, 2022
- Additional information can be found on RealEstateSales.gov and GSA.gov/RockawayGrove.
The public can get information about this auction by contacting Chelsey Battaglia at 415-730-8093 or by emailing RockawayGrove@gsa.gov.
Join the conversation at @US_GSAR9 and @USGSA #EconomicCatalyst
About GSA: GSA provides centralized procurement and shared services for the federal government, managing a nationwide real estate portfolio of nearly 370 million rentable square feet, overseeing approximately $75 billion in annual contracts, and delivering technology services that serve millions of people across dozens of federal agencies. GSA’s mission is to deliver the best customer experience and value in real estate, acquisition, and technology services to the government and the American people. For more information, visit GSA.gov and follow us at @USGSA