Updated Oct 29, 2024
One Medical Leases Office Space In Palo Alto From Jianjun Tang For $105/ft
2515 West El Camino Real
$105
$105/SF
Building Size
4,900 SF
Asset Type
Office
Closing
Feb 22, 2023
About this deal
AI
The office property located at 2515 El Camino Real in Palo Alto has been leased. The transaction took place on 02/22/2023. The property, spanning 4,900 square feet, was leased by One Medical. The landlord for this lease is Jianjun Tang. The lease was facilitated by Ron E. Cruz and Sean O'Carroll from Newmark, who served as the brokers representing both parties in the deal. The asking rent for this lease was $105 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not applicable (lease)
- Address: 2515 El Camino Real, Palo Alto
- Tenant: One Medical
- Landlord: Jianjun Tang
- Brokers: Ron E. Cruz & Sean O'Carroll - Newmark
- Asking Rent: $105 per square foot
- Square Footage: 4,900
Players
Market 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
151076.19%
Cash-on-Cash
-43178.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93