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MKM Ventures Acquires Office In Santa Clara, Silicon Valley For $5.1M

Property Image
SOLD
$5,100,000

California

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Office22,551 SF
Sold 11/30/2021
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Property Image
SOLD

MKM Ventures Acquires Office In Santa Clara, Silicon Valley For $5.1M

1793 Lafayette Street, Santa Clara, CA, USA

See Similar Deals
Office22,551 SF
Sold 11/30/2021
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$226
Total Square Footage:22,551 SF
Transaction Type:Sale

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

Robin Santiago
4 deals$23.2M volume
BROKER

Details

SOLD
IMAGE: Robin Santiago DATE: 11/30/2021 ADDRESS: 1793 Lafayette Street MARKET: Santa Clara, Silicon Valley ASSET TYPE: Office BUYER: MKM Ventures - Kyle Madej SELLER: Scott Cooley SELLER’S REP: Robin Santiago, CCIM - SVN Capital West Partners (@SVNCapWest) SALE PRICE: $5,100,000 SF: 22,551 ~ PPSF: $226

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$271,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22