Graymark Capital & Monument Square Investment Group Acquires Industrial Property In Palo Alto For $15.7M
SOLD
$15,700,000
California
See Similar DealsIndustrial24,000 SF
Sold 01/07/2021
SOLD
Graymark Capital & Monument Square Investment Group Acquires Industrial Property In Palo Alto For $15.7M
3960 Fabian Way, Palo Alto, CA, USA
See Similar DealsIndustrial24,000 SF
Sold 01/07/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$654
Total Square Footage:24,000 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$837,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,778.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$74,426.01
Annual Debt Service$893,112.12
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