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596 La Conner Drive, Sunnyv...

Updated Dec 19, 2023

Ted Shen Acquires Multifamily Property On La Conner Dr In Sunnyvale, CA For $10.3M
SOLDMultiFamily

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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Deal FAQ

About $417 per square foot on a published $10.3M for 24,764 square feet (2022).

Browse California multifamily sales on Traded.

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

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