Updated Jul 31, 2025
Tapan Chaudhari Acquires Sunnyvale Office Building From Poppy Bank For $3.6M
560 South Mathilda Avenue
$3,590,500
$629/SF
Building Size
5,700 SF
Asset Type
—
Closing
Aug 31, 2022
About this deal
AI
A 5,700 square foot office property located at 560 S Mathilda Ave in Sunnyvale has been sold for $3,595,000. The property was purchased by Tapan Chaudhari from Poppy Bank. The transaction was facilitated by broker Robin Santiago, SIOR, CCIM from SVN | Capital West Partners.
Summary of transaction details:
- Property Type: Office
- Sale Price: $3,595,000
- Square Footage: 5,700
- Price per Square Foot: $631
- Address: 560 S Mathilda Ave, Sunnyvale
- Buyer: Tapan Chaudhari
- Seller: Poppy Bank
- Broker: Robin Santiago, SIOR, CCIM - SVN | Capital West Partners
Tapan Chaudhari acquired the office property at 560 S Mathilda Ave in Sunnyvale from Poppy Bank. The transaction was successfully managed by broker Robin Santiago, SIOR, CCIM from SVN | Capital West Partners. This deal highlights the collaboration between the buyer, seller, and their respective representatives.
Players
Sunnyvale CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.42%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93