Marcus & Millichap Sells Industrial Property In Mountain View For $8.5M
SOLD
$8,500,000
California
See Similar DealsIndustrial24,191 SF
Sold 04/23/2021
SOLD
Marcus & Millichap Sells Industrial Property In Mountain View For $8.5M
2172 Wyandotte St, Mountain View, CA, USA
See Similar DealsIndustrial24,191 SF
Sold 04/23/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$351
Total Square Footage:24,191 SF
Transaction Type:Sale
Located at 2172 Wyandotte St., this industrial property in Mountain View was recently sold. The transaction, which took place on April 23, 2021, involved a sale price of $8,500,000. The property spans over 24,191 square feet, resulting in a price per square foot of $351.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,500,000
- Market: Mountain View
The sale of this industrial property was facilitated by brokers Daniel Kuchugurny (@DanielK017) and Tom Doglio from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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