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101 Redwood Shores Parkway

Diamond Investment Properties Secures $37.7 Million Loan For 101 Redwood Shores Office Building
FINANCEDOffice

Diamond Investment Properties Secures $37.7 Million Loan For 101 Redwood Shores Office Building

101 Redwood Shores Parkway

$37,700,000

$377/SF

Building Size

100,000 SF

Asset Type

Office

Closing

Nov 8, 2024

AI

101 Redwood Shores Parkway is a fully leased office building in Redwood City, featuring a total area of 100,000 square feet. The property is leased to Zuora and is owned by Diamond Investment Properties, which secured a refinancing loan amounting to $37.7 million.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $37,700,000
  • Address: 101 Redwood Shores Parkway
  • Market: Redwood City
  • Asset Size: 100,000 SF
  • Landlord: Diamond Investment Properties
  • Brokers: Bradford Zampa & Michael Walker - CBRE
  • Loan Type: Refinance

The loan was arranged by CBRE’s Mike Walker and Brad Zampa, with the refinancing originated by a financial institution based in Chicago.

Players

Bradford Zampa

CBRE

Broker

$2.1B

vol

20 deals

Broker

Redwood City Office Market Snapshot

Boundary boundary · Office · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.42%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93