Yahoo CEO Marissa Mayer has reportedly bought a funeral home in Palo Alto.
The place is shutting down on October 31st, and the Palo Alto Online reported on Tuesday that the deal closed on October 7th. The property is just down the street from Mayer’s current home.
According to the report (citing the president of Spangler Mortuauries, which purchased the business’ assets), the sum Mayer paid was not disclosed, but Silicon Valley Business Journal reporter Nathan Donato-Weinstein says the county transfer tax records show a shell company paid $11.2 million for the site, even though it was assessed at $672,285 just last year.
He writes, “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.”
The New York Post spoke with Paul Roller, the president of the funeral home, and he said the land was sold to an LLC called 980 Middlefield Road LLC, which started out as Additto LLC, which Kaja Whitehouse reports California records show shares the same estate-planning lawyer and address as Mellunmaki LLC, which lists Marissa Mayer as an officer.
According to Roller, Mayer has a lot of parties, and often rents out the funeral home’s parking lot.
Here are a few pictures of the property from Google Maps (also the source of the lead image).
Images: Google Maps