Graymark Capital & Monument Square Investment Group Acquires Industrial Property In Palo Alto For $15.7M
3960 Fabian Way, Palo Alto, CA, USA
$15,700,000
$654/SF
Building Size
24,000 SF
Asset Type
Industrial
Closing
Jan 6, 2021
AI
An industrial property located at 3960 & 3980 Fabian Way in Palo Alto has been sold for $15,700,000. The property spans 24,000 square feet, resulting in a price per square foot of $654. The transaction took place on January 7, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,700,000
- Property Address: 3960 & 3980 Fabian Way, Palo Alto
- Market: Palo Alto
- Buyer: Graymark Capital & Monument Square Investment Group
The buyer of the property is a collaboration between Graymark Capital and Monument Square Investment Group. The deal, concluded on January 7, 2021, brings together these two entities in acquiring the industrial property located at 3960 & 3980 Fabian Way in Palo Alto.
Players
Palo Alto Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93