Lane Partners Acquires Office Complex In Sunnyvale For $104M
1230 E Arques Ave, Sunnyvale, CA, USA
$104,000,000
$331/SF
Building Size
313,740 SF
Asset Type
Office
Closing
Nov 2, 2020
AI
Located in Sunnyvale, the property at 1230, 1240, 1250, 1260, 1270 & 1280 East Arques Ave has been sold in a closed transaction. This office asset spans across 313,740 square feet and was sold for a price of $104,000,000, resulting in a price per square foot of $331.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $104,000,000
- Address: 1230, 1240, 1250, 1260, 1270 & 1280 East Arques Ave
- Market: Sunnyvale
- Buyer: Lane Partners
- Seller: WJFS
- Brokers: Jordan Angel, Will Connors, Daniel Renz, Michael Manas, Bart Lammersen, Kyle Caldwell & Toss Vallentine - JLL
Represented by JLL, the deal involved various key individuals including brokers Jordan Angel, Will Connors, Daniel Renz, Michael Manas, Bart Lammersen, Kyle Caldwell, and Toss Vallentine. Lane Partners emerged as the buyer of this office property in Sunnyvale, while WJFS served as the seller. The transaction, which took place on 11/03/2020, marked the successful completion of the deal.
Players
Sunnyvale 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93