Building in prime Mountain View spot is bought at hefty price discount

MOUNTAIN VIEW — An office and retail building in a prime location such as Mountain View’s lively downtown district has become a fresh casualty of the nosedive in values for Bay Area commercial properties.

The building, at 215 Castro Street, was bought for $10 million, according to documents filed on April 11 with the Santa Clara County Recorder’s Office.

That price was a hefty 54.5% below the estimated value of $22.4 million for the building in January 2024, as calculated by the Santa Clara County Assessor’e Office.