Updated Oct 28, 2024
MKM Ventures Acquires Office In Santa Clara, Silicon Valley For $5.1M
1793 Lafayette Street, Santa Clara, CA, USA
$5,100,000
$226/SF
Building Size
22,551 SF
Asset Type
Office
Closing
Nov 30, 2021
About this deal
AI
An office building located at 1793 Lafayette Street in Santa Clara, Silicon Valley has been sold for $5,100,000. The property spans 22,551 square feet and was purchased by MKM Ventures, represented by Kyle Madej. The seller, Scott Cooley, was represented by Robin Santiago, CCIM of SVN Capital West Partners.
Summary of transaction details
- Property Type: Office
- Sale Price: $5,100,000
- Square Footage: 22,551
- Price Per Square Foot: $226
- Date: 11/30/2021
- Address: 1793 Lafayette Street, Santa Clara, Silicon Valley
- Market: Santa Clara, Silicon Valley
This transaction involved MKM Ventures, led by Kyle Madej, purchasing the office building from Scott Cooley. MKM Ventures was represented by Kyle Madej, while Scott Cooley was represented by Robin Santiago, CCIM of SVN Capital West Partners. The sale price for the property was $5,100,000, with a total square footage of 22,551. The price per square foot was calculated as $226.
Players
Santa Clara 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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93