Updated Dec 18, 2023
Mehrdad Ayati & Arezou Azarani Acquire Office Building In Los Altos For $6.1M
1530 Miramonte Avenue, Mountain View, California 94040, United States
$6,142,022
$2,585/SF
Building Size
2,376 SF
Asset Type
Office
Closing
Jun 13, 2022
About this deal
AI
The office building located at 1530 Miramonte Ave in Los Altos, CA has been sold in a recent transaction. The property spans across 2,376 square feet and was sold for a price of $6,142,022, resulting in a price per square foot of $2,585. The deal was finalized on 06/14/2022.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $6,142,022
- Address: 1530 Miramonte Ave, Los Altos, CA
- Market: Los Altos, CA
- Buyer: Mehrdad Ayati & Arezou Azarani
- Seller: Mary K Cassidy
Mehrdad Ayati & Arezou Azarani have acquired the office building located at 1530 Miramonte Ave. They finalized the purchase from the seller, Mary K Cassidy.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93