Updated Dec 4, 2024
Jason Biggs Acquires Multifamily Property In Sunnyvale For $58M
925 S Wolfe Rd, Sunnyvale, CA 94086, Estados Unidos
$58,000,000
$712/SF
Building Size
81,390 SF
Asset Type
MultiFamily
Closing
Sep 29, 2020
About this deal
AI
The multifamily property located at 925 S Wolfe Rd in Sunnyvale was sold on September 30, 2020 for a total price of $58,000,000. The property spans a total square footage of 81,390, resulting in a price per square foot of $712. The transaction involved two parties, with Jason Biggs purchasing the property from Robert H. Kennis and Arthur J. Cole.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $58,000,000
- Address: 925 S Wolfe Rd, Sunnyvale
- Market: Sunnyvale
- Square Footage: 81,390
- Price per Square Foot: $712
- Buyer: Jason Biggs
- Seller: Robert H. Kennis & Arthur J. Cole
Jason Biggs, represented by his broker, was the buyer in this transaction. Robert H. Kennis and Arthur J. Cole, represented by their respective broker, were the sellers.
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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93