Michael I. Dollinger, David B. Dollinger & Barrie Dollinger Mengarelli Acquire Industrial Asset In Sunnyvale For $9.2M
428 Oakmead Parkway
$9,200,000
$296/SF
Building Size
31,000 SF
Asset Type
Industrial
Closing
Mar 20, 2025
AI
The property asset involved in this transaction is an industrial space located at 428 Oakmead Parkway in Sunnyvale. The transaction took place on March 20, 2025, with a price of $9,200,000.00 for an area of 31,000 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,200,000.00
- Address: 428 Oakmead Parkway
- Market: Sunnyvale
- Buyer: Michael I. Dollinger, David B. Dollinger & Barrie Dollinger Mengarelli - Dollinger Properties
- Seller: Edward Amento - Molecular Medicine Research Institute
The deal features Michael I. Dollinger, David B. Dollinger, and Barrie Dollinger Mengarelli representing Dollinger Properties as the buyers. Edward Amento represented the Molecular Medicine Research Institute as the seller in this transaction.
Players
Sunnyvale 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93