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Tapan Chaudhari Acquires Sunnyvale Office Building From Poppy Bank For $3.6M

Property Image
SOLD
$3,590,500

California

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5,700 SF
Sold 08/31/2022
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Property Image
SOLD

Tapan Chaudhari Acquires Sunnyvale Office Building From Poppy Bank For $3.6M

560 South Mathilda Avenue

See Similar Deals
5,700 SF
Sold 08/31/2022
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Price Per Square Foot:$629
Total Square Footage:5,700 SF
Transaction Type:Sale

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

Robin Santiago
SVN
Robin Santiago
4 deals$23.2M volume
BROKER
Poppy Bank
Poppy Bank
LENDER

Details

SOLD
IMAGE: Robin Santiago DATE: 08/31/2022 ADDRESS: 560 S Mathilda Ave MARKET: Sunnyvale ASSET TYPE: Office BUYER: Tapan Chaudhari SELLER: Poppy Bank BROKER: Robin Santiago, SIOR, CCIM - SVN | Capital West Partners (@SVNCapWest) SALE PRICE: $3,595,000 SF: 5,700 ~ PPSF: $631

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$191,493.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,756.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,020.80
Annual Debt Service$204,249.62