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1725 South Bascom Avenue, C...

DOMA Title Of California Leases Office Space At 1725 S. Bascom Ave. In Silicon Valley
LEASEDOffice

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

Ron E. Cruz, CCIM

The Econic Company

Broker

$52.3M

vol

16 deals

Broker

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