Natixis Real Estate Capital Provides $245M Loan For Sunnyvale Office Building With Apple As Tenant
FINANCED
$245,000,000
California
See Similar DealsOffice350,000 SF
Financed 07/30/2021
FINANCED
Natixis Real Estate Capital Provides $245M Loan For Sunnyvale Office Building With Apple As Tenant
430 North Mary Avenue
See Similar DealsOffice350,000 SF
Financed 07/30/2021
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$700
Total Square Footage:350,000 SF
Transaction Type:Loan
An office property located at 410-430 North Mary Avenue in Sunnyvale has been involved in a closed transaction. The deal took place on July 30, 2021, and the asset is owned by Tristar Capital, represented by David Edelstein. The property is situated in a market in Sunnyvale and is categorized as an office space.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $245,000,000
- Address: 410-430 North Mary Avenue
- Market: Sunnyvale
The loan for this transaction was provided by Natixis Real Estate Capital, with Michael Magner as the representative. Cooper Horowitz LLC, represented by Richard Horowitz and Justin Horowitz, acted as brokers in the deal. The tenant for this office property is Apple, as mentioned in the Instagram post.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$245,000,000.00
Monthly NOI$1,633,333.33
Monthly Debt Service$1,548,566.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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