KKR & Co. Inc. Acquires Mixed-Use Asset In Palo Alto From Blox Ventures LLC & Angelo Gordon For $103.6M
SOLD
$103,600,000
California
See Similar DealsMixed-use77,191 SF
Sold 01/04/2021
SOLD
KKR & Co. Inc. Acquires Mixed-Use Asset In Palo Alto From Blox Ventures LLC & Angelo Gordon For $103.6M
2100 El Camino Real, Palo Alto, CA, USA
See Similar DealsMixed-use77,191 SF
Sold 01/04/2021
Summary
CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$1,342
Total Square Footage:77,191 SF
Transaction Type:Sale
The mixed-use property located at 2100 El Camino in Palo Alto has been sold in a recent transaction. The property spans a total area of 77,191 square feet and was sold at a price of $103,600,000, resulting in an average price per square foot of $1,342.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $103,600,000
- Address: 2100 El Camino, Palo Alto
- Market: Palo Alto
The buyer in this transaction was KKR & Co. Inc., while the seller was Blox Ventures LLC & Angelo Gordon. The deal was completed on January 4, 2021. Jason Oberman & Henry R. Kravis represented the buyer as KKR & Co. Inc.'s representatives during the transaction.
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LENDER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,525,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$368,068.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$491,116.85
Annual Debt Service$5,893,402.25
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