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428 Oakmead Parkway

Updated Mar 21, 2025

Michael I. Dollinger, David B. Dollinger & Barrie Dollinger Mengarelli Acquire Industrial Asset In Sunnyvale For $9.2M
SOLDIndustrial

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

About this deal

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.

On the Map

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$9,200,000

$296/SF

Industrial

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Players

DP
Dollinger PropertiesBuyer
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Sunnyvale Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $296 per square foot on a published $9.2M for 31,000 square feet (2025).

Browse Sunnyvale industrial sales on Traded.

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

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