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1230 E Arques Ave, Sunnyval...

Lane Partners Acquires Office Complex In Sunnyvale For $104M
SOLDOffice

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

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

Bart Lammersen

JLL

Broker

$104M

vol

3 deals

Broker
LP
Lane PartnersBuyer

Sunnyvale 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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93