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Medical Device Maker Purchases Property in Matadero Plaza

Apical Instruments Acquires Retail Building in Palo Alto, California
The retail and office building at 2995 Middlefield Road in Palo Alto, California, sold to a medical device developer and manufacturer. (CoStar)
The retail and office building at 2995 Middlefield Road in Palo Alto, California, sold to a medical device developer and manufacturer. (CoStar)
By Jacob Stillman
CoStar Research
January 29, 2024 | 8:07 P.M.

Apical Instruments has purchased a 6,591-square-foot general retail building in Palo Alto, California's, Matadero Plaza in an owner-user sale. The Redwood City, California-headquartered medical device engineer, developer and manufacturer bought the property in an off-the-market transaction from a private seller for $7 million, or roughly $1,062 per square foot.

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News | Medical Device Maker Purchases Property in Matadero Plaza