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.
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