Cantor Fitzgerald Income Trust Acquires Cupertino Office Building For $63.8M
SOLD
$63,800,000
+ 3
California
See Similar DealsOffice83,959 SF
Sold
SOLD
Cantor Fitzgerald Income Trust Acquires Cupertino Office Building For $63.8M
10101 N De Anza Blvd, Cupertino, CA, USA
See Similar DealsOffice83,959 SF
Sold
+ 3
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$759
Total Square Footage:83,959 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,402,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$226,667.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$302,444.55
Annual Debt Service$3,629,334.59
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