Drawbridge Realty Acquires Office Building In Sunnyvale, CA For $193.3M From Seller JPMorgan Chase
200 South Mathilda Avenue, Sunnyvale, California 94086, United States
$193,300,000
$1,231/SF
Building Size
157,000 SF
Asset Type
Office
Closing
Nov 6, 2022
AI
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
Sunnyvale 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93