facebook
Traded Co logo
Submit
Daily limit: 0/10

Gregg Walker Of DivcoWest Acquires 1991 Broadway Office Building In Redwood City For $32M

Property Image
SOLD
$32,000,000

California

See Similar Deals
Office66,000 SF
Sold 12/22/2025
the dealdetailscomps
Property Image
SOLD

Gregg Walker Of DivcoWest Acquires 1991 Broadway Office Building In Redwood City For $32M

1991 Broadway

See Similar Deals
Office66,000 SF
Sold 12/22/2025

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$484
Total Square Footage:66,000 SF
Transaction Type:Sale

1991 Broadway is a three-story boutique office building located in Redwood City, California. The property encompasses 66,000 square feet and was sold for approximately $32 million, equating to a price per square foot of $485.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $32,000,000
  • Address: 1991 Broadway
  • Market: Redwood City
  • Square Footage: 66,000
  • Price Per Square Foot: $485
  • Buyer: Gregg Walker - DivcoWest

DivcoWest, a subsidiary of DivCore Capital, secured a 45,000-square-foot lease with law firm Paul Hastings at the property as part of this transaction.

Players

BUYER

Details

SOLD
IMAGE: Gregg Walker DATE: 12/22/2025 ADDRESS: 1991 Broadway MARKET: Redwood City ASSET TYPE: Office BUYER: Gregg Walker - DivcoWest SALE PRICE: $32,000,000 SF: 66,000 ~ PPSF: $485 NOTE: DivcoWest, a DivCore Capital company, acquired 1991 Broadway, a three-story, 66,000-square-foot boutique office building in Redwood City, for approximately $32 million. The firm also secured a 45,000-square-foot lease with law firm Paul Hastings at the property.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,706,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$113,689.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$151,696.33
Annual Debt Service$1,820,355.91