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2515 West El Camino Real

One Medical Leases Office Space In Palo Alto From Jianjun Tang For $105/ft
LEASEDOffice

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

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

Ron E. Cruz, CCIM

The Econic Company

Broker

$52.3M

vol

17 deals

Broker
Newmark
NewmarkBrokerage

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