Updated Oct 28, 2024
Four Corners Properties Acquires Office In Belmont For $90.2M
1301 Shoreway Road, Belmont, CA, USA
$90,200,000
$601/SF
Building Size
150,000 SF
Asset Type
Office
Closing
Dec 8, 2021
About this deal
AI
A 150,000 square foot office building located at 1301 Shoreway Road in Belmont has been sold for $90,200,000. The property was purchased by Four Corners Properties from the seller, Westlake Group. The transaction was facilitated by brokers Mike Taquino, Kyle Kovac, Joe Moriarty, and Scott Prosser of CBRE Capital Markets.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $90,200,000
- Address: 1301 Shoreway Road
- Market: Belmont
The office building at 1301 Shoreway Road in Belmont was sold for $90,200,000. The buyer, Four Corners Properties, acquired the property from the seller, Westlake Group. The transaction was brokered by Mike Taquino, Kyle Kovac, Joe Moriarty, and Scott Prosser from CBRE Capital Markets.
On the Map
$90,200,000
$601/SF
Office
View full map
Players
Belmont Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael "Mike" Taquino to view all their deals.
Browse California office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93