Dollinger Properties Secures $97M Permanent Loan For Sunnyvale Office Building

The property involved in this transaction is an office located at 675 Almanor Road in Sunnyvale. The office has a total square footage of 152,000. The transaction took place on August 30, 2022.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $97,000,000
• Address: 675 Almanor Road
• Market: Sunnyvale
• Lender: AXA Equitable Life Insurance Co.
• Landlord: Dollinger Properties
• Broker: Tony Kaufmann - Gantry
• Loan Type: Permanent Loan
• Loan Terms: non-recourse, permanent interest-only balance sheet loan was structured with flexible payment and term extension options

Tony Kaufmann from Gantry played a significant role as the broker representing the buyer or seller in this transaction. This deal resulted in a non-recourse permanent loan of $97,000,000 from AXA Equitable Life Insurance Co. The loan terms include flexible payment and term extension options.