Updated Oct 28, 2024
Montana Avenue Capital Acquires Mixed-Use Property In Sunnyvale For $19.3M
968-970 Stewart Drive, Sunnyvale, CA, USA
$19,300,000
$360/SF
Building Size
53,600 SF
Asset Type
Mixed-use
Closing
Aug 10, 2021
About this deal
AI
A mixed-use property located at 968-970 Stewart Drive in Sunnyvale has been sold for $19,300,000. The property spans a total of 53,600 square feet, resulting in a price per square foot of $360. The transaction took place on August 11, 2021.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $19,300,000
- Address: 968-970 Stewart Drive, Sunnyvale
- Square Footage: 53,600
- Price Per Square Foot: $360
The buyer of the property was Montana Avenue Capital Partners LLC. The sellers of the property were the Dellamanos Family and the Hesslers Family. The sale was facilitated by brokers Kalil Jenab and Steven Jenab from Cushman & Wakefield.
Players
Sunnyvale Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.82%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93