Updated Dec 19, 2023
Ted Shen Acquires Multifamily Property On La Conner Dr In Sunnyvale, CA For $10.3M
596 La Conner Drive, Sunnyvale, California 94087, United States
$10,328,000
$417/SF
Building Size
24,764 SF
Asset Type
MultiFamily
Closing
Mar 17, 2022
About this deal
AI
The multifamily property located at 596 La Conner Dr in Sunnyvale, CA was recently sold. The transaction took place on 03/18/2022 and the property was purchased for a price of $10,328,000. The property spans a total of 24,764 square feet, resulting in a price per square foot of $417.
Summary of transaction details
- Asset Type: Multifamily
- Transaction Amount: $10,328,000
- Address: 596 La Conner Dr, Sunnyvale, CA
- Market: Sunnyvale, CA
Ted Shen acted as the buyer in this transaction. The sellers were Peter S Traugott, Ninna N Traugott, Kevin N Traugott, Jeffrey Traugott, Lise P Latour, Kirk T Latour, Corinne R Houston, Russell S Cohan, and Elizabeth Tracy Cohan. They were represented by their broker, whose name and agency have not been disclosed in the provided information.
Players
Sunnyvale 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93