Marissa Mayer buys funeral home, report says. Price? $11.2 million
- Nathan Donato-Weinstein
- Real Estate Reporter- Silicon Valley Business Journal
- Email | Twitter
Was it Marissa Mayer who just paid
$11.2 million for a Palo Alto funeral home?
The Palo Alto Weekly reported
today that Mayer recently purchased the Roller & Hapgood mortuary at 980
Middlefield Way, which is just a couple houses down from where Mayer already
owns a home on Addison Avenue.
While I haven't independently verified the purchaser’s identity, county
transfer tax records show a shell company paid $11.2 million for the site. The
deal closed on Oct. 7.Talk about a stiff price: The property was last assessed in 2012 at $672,285. The location includes a 12,000-square-foot mortuary, according to title records. It was built in 1951.
We doubt Mayer is considering a career change. The Weekly notes that the property is zoned for higher-density redevelopment. Up to 21 housing units could be built there, the Weekly said, though Mayer could also submit plans to do something else there.
If Mayer is indeed the buyer, she
has company in the tech-titan turned real-estate investors space. As
we reported earlier this month, Mark Zuckerberg appears to
be buying out his neighbors around his Palo Alto home.
Nathan Donato-Weinstein covers commercial real estate and transportation for the Silicon Valley Business Journal.
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