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
Cupertino Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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