Updated Oct 28, 2024
400 Logue Owner LLC Acquires Miramar Capital's East Whisman Multifamily Property For $53M
400 Logue Avenue, Mountain View, California 94043, United States
$53,000,000
$1,255/SF
Building Size
42,200 SF
Asset Type
MultiFamily
Closing
Feb 1, 2022
About this deal
AI
The multifamily property located at 400 Logue Avenue in East Whisman has been sold for $53,000,000. The transaction took place on February 2, 2022. The property spans across an area of 2.5 acres and consists of 408 units, resulting in a price per unit of $129,901. The buyer is 400 Logue Owner LLC, while the seller is Miramar Capital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $53,000,000
- Address: 400 Logue Avenue
- Market: East Whisman
- ACRES: 2.5
The transaction was facilitated by Paul Fuhrman & Jae Yi, representing the buyer, 400 Logue Owner LLC, and Miramar Capital, representing the seller. The sale of this multifamily property marks a significant deal in the East Whisman market.
Players
Mountain View MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93