Updated Mar 17, 2026
Big Property Ventures And Baskin Investment Group Secures $13.5 Million Loan For Office In Palo Alto
384 University Avenue
$13,500,000
$931/SF
Building Size
14,500 SF
Asset Type
Office
Closing
Mar 12, 2026
About this deal
AI
The property asset involved in the transaction is a three-story office building located at 384 University Avenue in Palo Alto, comprising 14,500 square feet. The asset features street-level retail alongside two office floors and is fully leased, with a permanent loan arranged for refinancing purposes.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $13,500,000
- Loan Terms: five-year, fixed-rate, first-year interest only, followed by 25-year amortization
- Address: 384 University Avenue
- Market: Palo Alto
- Landlord: Big Property Ventures & Baskin Investment Group
- Brokers: Jeff Wilcox & Joe Foley - Gantry
Notably, Gantry arranged the loan on behalf of the borrowers, Big Property Ventures and Baskin Investment Group, facilitating the refinance of this historic office building.
On the Map
$13,500,000
$931/SF
Office
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Players
Palo Alto 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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93