Updated Oct 28, 2024
GI Partners Acquires Office In Redwood City From Vertical Ventures For $30.1M
1201 Radio Road, Redwood City, CA, USA
$30,100,000
$337/SF
Building Size
89,145 SF
Asset Type
Office
Closing
May 3, 2021
About this deal
AI
The office property located at 1201 & 1235 Radio Road in Redwood City has been sold for a price of $30,100,000. The property spans 89,145 square feet and is situated in the Redwood City market. It was sold on 05/04/2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $30,100,000
- Address: 1201 & 1235 Radio Road
- Market: Redwood City
The buyer of this property is GI Partners, represented by Roy Kelvin. The seller, Vertical Ventures, was represented by Hamid Rezapour. CBRE acted as the buyer's representative in this transaction.
On the Map
$30,100,000
$337/SF
Office
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Players
Redwood City 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93