Updated Oct 15, 2025
Theresa Beck & Scott Beck Lease 6,450 Square Foot Office For Gloo In Palo Alto
412 Olive Avenue
Building Size
6,450 SF
Asset Type
Office
Closing
Oct 3, 2025
About this deal
AI
The property involved in this lease transaction is an office asset located at 412 Olive Avenue in Palo Alto, encompassing a total of 6,450 square feet. This area is within the competitive market of Silicon Valley, providing opportunities for businesses to thrive in a tech-centric environment.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 412 Olive Avenue
- Market: Palo Alto
- Square Footage: 6,450
- Tenant: Theresa Beck & Scott Beck - Gloo
- Broker: Scott Beck
Gloo, a technology platform serving the faith ecosystem, has opened its new office to facilitate its expansion in the Silicon Valley market. This strategic move aims to accelerate the company's growth and support its initiatives focused on technology for social good.
Players
Palo Alto 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