Updated Oct 30, 2026
Heil & Associates And Terracommercial Secure $32.8 Million Refinance For Hilton Garden Inn Cupertino
10741 North Wolfe Road
$32,800,000
$327/SF
Building Size
100,110 SF
Asset Type
Hotel
Closing
Oct 27, 2026
About this deal
AI
The property involved in this transaction is a hotel located at 10741 North Wolfe Road in Cupertino, California. It features 164 keys and encompasses a total square footage of 100,110 with a land area of 2.7 acres.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $32,800,000
- Loan Type: Refinance
- Market: Cupertino, CA
- Landlord: Heil & Associates & Terracommercial
- Brokers: Mike Walker, Brad Zampa, Andy Gross & Pierson Souza - CBRE
This refinancing deal was arranged by Mike Walker, Brad Zampa, Andy Gross, and Pierson Souza of CBRE, representing the ownership partnership between Heil & Associates and Terracommercial, who have owned and operated the hotel since 2007.
On the Map
$32,800,000
$327/SF
Hotel
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Players
Cupertino Hotel Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93