Updated Dec 19, 2023
John William Shelchuk Acquires Multifamily Property In Sunnyvale, CA For $11.4M
946 Tamarack Lane, Sunnyvale, California 94086, United States
$11,400,000
$497/SF
Building Size
22,896 SF
Asset Type
MultiFamily
Closing
Jan 26, 2022
About this deal
AI
The multifamily property located at 946 Tamarack Ln in Sunnyvale, CA has been sold in a transaction that took place on January 27, 2022. The property spans an area of 22,896 square feet, with a price per square foot of $497. The total transaction price for the asset amounted to $11,400,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,400,000
- Market: Sunnyvale, CA
- Address: 946 Tamarack Ln
- Seller: I Fong Lin & Flossie Lin
- Buyer: John William Shelchuk
John William Shelchuk served as the buyer in this transaction, while I Fong Lin & Flossie Lin acted as the seller. The deal represents a significant investment in the Sunnyvale, CA market.
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
1.39%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93