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10101 N De Anza Blvd, Cuper...

Cantor Fitzgerald Income Trust Acquires Cupertino Office Building For $63.8M
SOLDOffice

Cantor Fitzgerald Income Trust Acquires Cupertino Office Building For $63.8M

10101 N De Anza Blvd, Cupertino, CA, USA

$63,800,000

$759/SF

Building Size

83,959 SF

Asset Type

Office

Closing

Jul 27, 2020

AI

The office property located at 10101 N. De Anza Blvd. in Cupertino has been sold in a transaction concluded on 07/27/2021. The property spans an area of 83,959 square feet and is valued at a price of $759 per square foot. The total sale price for the property amounts to $63,800,000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $63,800,000
  • Address: 10101 N. De Anza Blvd., Cupertino
  • Market: Cupertino

The buyer of the property is Cantor Fitzgerald Income Trust, while the seller is Madison Marquette. The deal was facilitated by Colliers, with Andy Zighelboim, Robert Gilley, Brad Idelman, Kevin Moul, and Andrew Gibson representing the seller.

Players

Andy Zighelboim

Colliers

Broker

$174M

vol

4 deals

Broker

Madison Marquette

Seller

$369.5M

vol

8 deals

Seller

Cupertino Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93