DOMA Title Of California Leases Office Space At 1725 S. Bascom Ave. In Silicon Valley
1725 South Bascom Avenue, Campbell, California 95008, United States
Building Size
2,830 SF
Asset Type
Office
Closing
Mar 10, 2022
AI
DOMA Title of California has signed a lease agreement for an office space located at 1725 S. Bascom Ave. in Silicon Valley. The property, measuring approximately 2,830 square feet, is owned by Land & Houses USA. The lease transaction was facilitated by John Colyar and Larry Easterly from Colliers International, acting as representatives for DOMA Title of California. Ron E. Cruz, Matt Sweeney, and Sean O'Carroll of Newmark, doing business as Retail In The Bay, represented Land & Houses USA as their leasing agents. The lease was executed on March 11, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Date: 03/11/2022
- Address: 1725 S. Bascom Ave.
- Market: Silicon Valley
- Tenant: DOMA Title of California
- Tenant's Representative: John Colyar & Larry Easterly - Colliers International
- Landlord: Land & Houses USA
- Landlord's Representative: Ron E. Cruz, Matt Sweeney & Sean O'Carroll (Retail In The Bay) - Newmark
- Asking Rent: $48/ft.
- Square footage: 2,830
This lease agreement marks the entry of DOMA Title of California into the office space at 1725 S. Bascom Ave. in Silicon Valley. John Colyar and Larry Easterly from Colliers International represented the tenant during the negotiation process. On the other side of the deal, Ron E. Cruz, Matt Sweeney, and Sean O'Carroll of Newmark, doing business as Retail In The Bay, acted as leasing agents for Land & Houses USA. The transaction was completed at the asking rent of $48 per square foot.
Players
Campbell Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93