Updated Dec 21, 2023
Ann Olin Acquires Industrial Property In Sunnyvale, CA For $88.5M
894 Ross Drive, Sunnyvale, California 94089, United States
$88,500,000
$637/SF
Building Size
138,908 SF
Asset Type
Industrial
Closing
Jan 4, 2022
About this deal
AI
The industrial property located at 894 Ross Dr & 888 Ross Dr in Sunnyvale, CA has been sold in a recent transaction. The property spans an area of 138,908 square feet and was sold for a total price of $88,500,000, resulting in a price per square foot of $637.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $88,500,000
- Square Footage: 138,908
- Price per Square Foot: $637
- Address: 894 Ross Dr & 888 Ross Dr, Sunnyvale, CA
The buyer of the property is Ann Olin, while the seller is Matt Lambert. The transaction between the two parties represents a significant deal in the Sunnyvale, CA market.
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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93