Drawbridge Realty Acquires Office Building In Sunnyvale, CA For $193.3M From Seller JPMorgan Chase
SOLD
$193,300,000
California
See Similar DealsOffice157,000 SF
Sold 11/07/2022
SOLD
Drawbridge Realty Acquires Office Building In Sunnyvale, CA For $193.3M From Seller JPMorgan Chase
200 South Mathilda Avenue, Sunnyvale, California 94086, United States
See Similar DealsOffice157,000 SF
Sold 11/07/2022
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1,231
Total Square Footage:157,000 SF
Transaction Type:Sale
The property involved in this transaction is an office located at 200 S. Mathilda Ave in Sunnyvale, CA. The property spans 1.5 acres and was sold on 11/07/2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $193,300,000
- Address: 200 S. Mathilda Ave
- Market: Sunnyvale, CA
- Square Footage: 157,000
- Price per Square Foot: $1,231
The buyer in this transaction is Drawbridge Realty, represented by Mark S. Whiting. The seller is JPMorgan Chase, represented by Jamie Dimon. The deal was facilitated by the broker, Eastdil Secured. The property's tenant is Uber.
Players
SELLER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$10,309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$686,754.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$916,340.62
Annual Debt Service$10,996,087.40
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