Updated Jul 2, 2025
Gantry Arranges $32 Million Refinance Loan For 611 Cowper Street Office Building In Palo Alto
611 Cowper Street
$32,000,000
Building Size
—
Asset Type
Office
Closing
Jul 1, 2025
About this deal
AI
611 Cowper Street is a fully leased Class A office building located in downtown Palo Alto, comprising 30,000 square feet of office space. The property is certified LEED Silver and is currently 100% occupied by Amazon under a long-term lease.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $32,000,000
- Loan Type: Refinance
- Loan Terms: 8.5-year, non-recourse
- Market: Palo Alto
- Brokers: Jeff Wilcox & Andrew Ferguson - Gantry
Gantry facilitated the financing of the refinance for 611 Cowper Street through a national insurance company. The loan will serve to provide permanent financing for the property, which is an integral asset in the office space market of Palo Alto.
On the Map
$32,000,000
Office
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Palo Alto Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93